Ameren (NYSE:AEE) Stock: Insider Michael Moehn Sells 6,500 Shares

Key Points

• Ameren insider Michael Moehn sold 6,500 shares for $719,680 under a pre-arranged Rule 10b5-1 plan, reducing his position by 3.25% to 193,790 shares.
• Ameren reported quarterly EPS of $2.42, beating the $2.29 consensus, and revenue of $2.88 billion, above estimates. The company also announced a $0.75 quarterly dividend, equivalent to a 2.7% yield.
• Analysts give Ameren a “Moderate Buy” consensus rating, with a consensus price target of $117.43; 13 analysts rate the stock Buy and seven rate it Hold.

Ameren Corporation (NYSE:AEE - Get Free Report) insider Michael Moehn sold 6,500 shares of the firm's stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $110.72, for a total value of $719,680.00. Following the completion of the sale, the insider directly owned 193,790 shares in the company, valued at approximately $21,456,428.80. The trade was a 3.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ameren Price Performance

Shares of AEE stock traded up $0.01 during trading on Thursday, hitting $113.09. The company had a trading volume of 3,014,178 shares, compared to its average volume of 1,739,566. The company has a quick ratio of 0.37, a current ratio of 0.53 and a debt-to-equity ratio of 1.38. The stock's 50-day moving average is $104.67 and its two-hundred day moving average is $108.42. The stock has a market capitalization of $31.31 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 3.22 and a beta of 0.42. Ameren Corporation has a 52 week low of $96.57 and a 52 week high of $118.32.

Ameren (NYSE:AEE - Get Free Report) last announced its earnings results on Thursday, November 5th. The utilities provider reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.13. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.82 billion. As a group, analysts predict that Ameren Corporation will post 5.40 EPS for the current fiscal year.

Ameren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 8th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 8th. Ameren's dividend payout ratio is currently 52.82%.

Institutional Investors Weigh In On Ameren

Hedge funds have recently added to or reduced their stakes in the stock. Keating Financial Advisory Services Inc. purchased a new stake in Ameren in the 2nd quarter worth approximately $27,000. Continuum Advisory LLC bought a new stake in Ameren during the 2nd quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. raised its stake in Ameren by 74.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider's stock worth $33,000 after acquiring an additional 125 shares during the period. Aberdeen Wealth Management LLC purchased a new position in Ameren during the second quarter valued at approximately $35,000. Finally, Ascentis Independent Advisors purchased a new position in Ameren during the first quarter valued at approximately $36,000. 79.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of Ameren from $120.00 to $116.00 and set a "buy" rating for the company in a report on Wednesday, October 14th. BTIG Research cut their price objective on Ameren from $126.00 to $121.00 in a research report on Tuesday, October 20th. KeyCorp increased their price target on shares of Ameren from $116.00 to $122.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 13th. Morgan Stanley increased their price objective on Ameren from $108.00 to $109.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 21st. Finally, Barclays lowered their price target on shares of Ameren from $117.00 to $109.00 and set an "equal weight" rating for the company in a research report on Monday, October 19th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Ameren has a consensus rating of "Moderate Buy" and a consensus target price of $117.43.

Ameren Company Profile

Ameren Corporation is a regulated electric and natural gas utility holding company headquartered in St. Louis, Missouri. Through its operating companies, Ameren Missouri and Ameren Illinois, the company provides electric generation, transmission and distribution services, as well as natural gas distribution.

Ameren serves approximately 2.5 million electric customers and more than 900,000 natural gas customers across Missouri and Illinois. Its operations include a diverse generation portfolio and infrastructure designed to deliver reliable energy to residential, commercial and industrial customers, while supporting the transition toward cleaner energy resources.

Ameren was formed in 1997 through the merger of Union Electric Company and CIPSCO Inc The company is led by Martin J.

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