Deutsche Bank AG Cuts Stock Position in Ameren Co. (NYSE:AEE)

Deutsche Bank AG cut its stake in Ameren Co. (NYSE:AEEFree Report) by 27.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,177,532 shares of the utilities provider’s stock after selling 1,194,119 shares during the quarter. Deutsche Bank AG’s holdings in Ameren were worth $237,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Impact Partnership Wealth LLC acquired a new stake in shares of Ameren in the 3rd quarter worth $25,000. Penserra Capital Management LLC acquired a new stake in shares of Ameren in the 1st quarter worth $25,000. Janiczek Wealth Management LLC increased its stake in shares of Ameren by 218.2% in 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 acquired a new stake in shares of Ameren during the 1st quarter worth about $27,000. Finally, Kistler Tiffany Companies LLC acquired a new stake in shares of Ameren during the 2nd quarter worth about $36,000. 77.77% of the stock is owned by institutional investors and hedge funds.

Ameren Price Performance

AEE stock opened at $68.80 on Monday. The business has a 50 day moving average price of $72.39 and a 200 day moving average price of $76.29. The stock has a market cap of $18.09 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 2.54 and a beta of 0.43. Ameren Co. has a fifty-two week low of $67.32 and a fifty-two week high of $91.18. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 1.24.

Ameren Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th will be paid a dividend of $0.67 per share. This is a boost from Ameren’s previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 3.90%. Ameren’s payout ratio is presently 57.27%.

Insider Buying and Selling

In other Ameren news, Director Rafael Flores sold 1,500 shares of Ameren stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the director now owns 13,007 shares of the company’s stock, valued at $1,009,993.55. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Rafael Flores sold 1,500 shares of Ameren stock in a transaction that occurred 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 sale, the director now directly owns 13,007 shares in the company, valued at $1,009,993.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Michael L. Moehn sold 3,244 shares of the business’s 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 sale, the chief financial officer now owns 198,937 shares in the company, valued at $15,373,851.36. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. KeyCorp downgraded Ameren from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 15th. Evercore ISI downgraded Ameren from an “outperform” rating to an “in-line” rating in a research report on Friday, December 15th. Morgan Stanley raised their price objective on Ameren from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 21st. Bank of America downgraded Ameren from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $82.00 to $77.00 in a research report on Thursday, January 4th. Finally, Barclays raised their target price on Ameren from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Wednesday, January 17th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ameren has an average rating of “Hold” and a consensus price target of $82.33.

View Our Latest Stock Report on Ameren

About Ameren

(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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