Mutual of America Capital Management LLC Cuts Stake in Ameren Co. (NYSE:AEE)

Mutual of America Capital Management LLC reduced its holdings in shares of Ameren Co. (NYSE:AEEFree Report) by 1.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 63,311 shares of the utilities provider’s stock after selling 1,143 shares during the period. Mutual of America Capital Management LLC’s holdings in Ameren were worth $4,738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AEE. Impact Partnership Wealth LLC bought a new stake in shares of Ameren during the 3rd quarter worth approximately $25,000. Penserra Capital Management LLC bought a new stake in shares of Ameren during the 1st quarter worth approximately $25,000. Janiczek Wealth Management LLC lifted its stake in shares of Ameren by 218.2% during the 3rd quarter. Janiczek Wealth Management LLC now owns 350 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 240 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Ameren during the 1st quarter worth approximately $27,000. Finally, Kistler Tiffany Companies LLC bought a new stake in shares of Ameren during the 2nd quarter worth approximately $36,000. 77.77% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Michael L. Moehn sold 3,244 shares of Ameren stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $77.28, for a total value of $250,696.32. Following the transaction, the chief financial officer now directly owns 198,937 shares in the company, valued at approximately $15,373,851.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Michael L. Moehn sold 3,244 shares of Ameren stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $77.28, for a total value of $250,696.32. Following the transaction, the chief financial officer now directly owns 198,937 shares in the company, valued at approximately $15,373,851.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rafael Flores sold 1,500 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $77.65, for a total value of $116,475.00. Following the transaction, the director now owns 13,007 shares in the company, valued at $1,009,993.55. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Ameren Trading Up 0.7 %

Shares of NYSE:AEE opened at $69.18 on Tuesday. Ameren Co. has a 12-month low of $67.32 and a 12-month high of $91.18. The business’s fifty day simple moving average is $72.20 and its 200-day simple moving average is $76.17. The company has a market capitalization of $18.19 billion, a PE ratio of 15.72, a P/E/G ratio of 2.54 and a beta of 0.43. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 1.24.

Ameren Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Wednesday, March 13th will be issued a $0.67 dividend. The ex-dividend date is Tuesday, March 12th. This is an increase from Ameren’s previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.87%. Ameren’s dividend payout ratio (DPR) is currently 57.27%.

Wall Street Analyst Weigh In

AEE has been the subject of a number of research analyst reports. Mizuho decreased their price target on Ameren from $77.00 to $72.00 and set a “neutral” rating for the company in a research note on Monday, December 18th. KeyCorp lowered Ameren from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 15th. Bank of America lowered Ameren from a “buy” rating to a “neutral” rating and decreased their target price for the company from $82.00 to $77.00 in a research report on Thursday, January 4th. StockNews.com raised Ameren from a “sell” rating to a “hold” rating in a research report on Sunday, January 28th. Finally, Morgan Stanley lifted their target price on Ameren from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 21st. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Ameren has an average rating of “Hold” and a consensus price target of $82.33.

Get Our Latest Report on AEE

Ameren Company Profile

(Free Report)

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 and transmission businesses.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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