State of Alaska Department of Revenue Sells 660 Shares of Ameren Co. (NYSE:AEE)

State of Alaska Department of Revenue decreased its holdings in Ameren Co. (NYSE:AEE) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,220 shares of the utilities provider’s stock after selling 660 shares during the period. State of Alaska Department of Revenue’s holdings in Ameren were worth $3,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of AEE. Jamison Private Wealth Management Inc. bought a new position in shares of Ameren in the 3rd quarter worth $44,000. ST Germain D J Co. Inc. grew its stake in Ameren by 134.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 544 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 312 shares during the last quarter. Mather Group LLC. raised its holdings in Ameren by 86.2% in the fourth quarter. Mather Group LLC. now owns 540 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 250 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new stake in shares of Ameren during the third quarter valued at about $49,000. Finally, Brooklyn Investment Group bought a new stake in shares of Ameren in the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Stock Up 0.4 %

Shares of AEE stock opened at $97.09 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63. Ameren Co. has a fifty-two week low of $67.03 and a fifty-two week high of $97.37. The firm has a market capitalization of $25.92 billion, a PE ratio of 22.84, a P/E/G ratio of 2.98 and a beta of 0.49. The stock’s 50-day simple moving average is $91.48 and its 200-day simple moving average is $87.76.

Ameren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.71 per share. This is a positive change from Ameren’s previous quarterly dividend of $0.67. This represents a $2.84 dividend on an annualized basis and a yield of 2.93%. Ameren’s dividend payout ratio (DPR) is currently 63.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AEE shares. Evercore ISI raised shares of Ameren from an “in-line” rating to an “outperform” rating and increased their target price for the company from $89.00 to $104.00 in a research report on Tuesday, January 21st. Morgan Stanley increased their price objective on Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Barclays cut Ameren from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $88.00 to $95.00 in a research report on Monday, January 27th. Finally, BMO Capital Markets increased their price target on Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ameren presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Activity

In other news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the transaction, the chief financial officer now owns 205,171 shares of the company’s stock, valued at $18,906,507.65. The trade was a 3.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.42% of the company’s stock.

Ameren Company Profile

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.