Ameren Co. (NYSE:AEE) Director Rafael Flores Sells 1,500 Shares

Ameren Co. (NYSE:AEEGet Free Report) Director Rafael Flores sold 1,500 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $71.29, for a total transaction of $106,935.00. Following the completion of the transaction, the director now owns 13,768 shares of the company’s stock, valued at $981,520.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ameren Price Performance

Shares of AEE opened at $71.50 on Tuesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.40 and a current ratio of 0.59. The firm has a market cap of $19.07 billion, a PE ratio of 16.44, a PEG ratio of 2.48 and a beta of 0.45. The firm’s 50 day moving average price is $73.26 and its 200 day moving average price is $72.71. Ameren Co. has a twelve month low of $67.03 and a twelve month high of $88.72.

Ameren (NYSE:AEEGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.08). The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.19 billion. Ameren had a net margin of 15.84% and a return on equity of 10.20%. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. As a group, research analysts expect that Ameren Co. will post 4.58 EPS for the current fiscal year.

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 12th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, June 12th. Ameren’s dividend payout ratio is 61.61%.

Analysts Set New Price Targets

AEE has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Ameren in a research note on Wednesday, April 10th. They issued a “sell” rating and a $73.00 price objective for the company. BMO Capital Markets raised their target price on Ameren from $76.00 to $81.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. Bank of America upped their price target on Ameren from $77.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. upgraded Ameren from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Barclays upgraded Ameren from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $73.00 to $77.00 in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $79.70.

Check Out Our Latest Research Report on Ameren

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AEE. Farmers & Merchants Investments Inc. boosted its position in Ameren by 117.6% during the first quarter. Farmers & Merchants Investments Inc. now owns 370 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 200 shares during the period. YHB Investment Advisors Inc. bought a new position in shares of Ameren in the first quarter valued at approximately $30,000. Pathway Financial Advisers LLC acquired a new stake in shares of Ameren in the first quarter worth $31,000. EntryPoint Capital LLC boosted its holdings in shares of Ameren by 108.1% during the 1st quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock worth $32,000 after buying an additional 226 shares during the period. Finally, Cape Investment Advisory Inc. grew its stake in Ameren by 73.8% in the 4th quarter. Cape Investment Advisory Inc. now owns 478 shares of the utilities provider’s stock valued at $35,000 after buying an additional 203 shares during the last quarter. 79.09% of the stock is owned by institutional investors.

Ameren Company Profile

(Get 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 business.

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Insider Buying and Selling by Quarter for Ameren (NYSE:AEE)

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