Ameren Co. (NYSE:AEE) Holdings Trimmed by Tidal Investments LLC

Tidal Investments LLC reduced its position in shares of Ameren Co. (NYSE:AEE) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,367 shares of the utilities provider’s stock after selling 173 shares during the period. Tidal Investments LLC’s holdings in Ameren were worth $294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. acquired a new position in shares of Ameren in the 3rd quarter worth approximately $44,000. Cedar Mountain Advisors LLC bought a new stake in Ameren during the third quarter worth approximately $49,000. Brooklyn Investment Group acquired a new position in Ameren in the third quarter worth approximately $56,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Ameren in the second quarter valued at $58,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Ameren during the 3rd quarter valued at $74,000. 79.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AEE. Bank of America boosted their target price on Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Barclays raised their target price on shares of Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Argus upgraded shares of Ameren to a “strong-buy” rating in a research report on Thursday, September 19th. BMO Capital Markets lifted their price objective on shares of Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company increased their target price on Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.89.

Insider Transactions at Ameren

In related news, CFO Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total transaction of $598,975.00. Following the transaction, the chief financial officer now owns 205,171 shares of the company’s stock, valued at approximately $18,906,507.65. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.36% of the company’s stock.

Ameren Trading Up 1.3 %

NYSE AEE opened at $90.89 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $95.69. The firm’s fifty day simple moving average is $90.12 and its 200-day simple moving average is $83.01. The company has a market capitalization of $24.26 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 2.95 and a beta of 0.47.

Ameren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Wednesday, December 11th. Ameren’s dividend payout ratio (DPR) is presently 63.06%.

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.