Ameren Co. (NYSE:AEE) Shares Sold by Landscape Capital Management L.L.C.

by · The Cerbat Gem

Landscape Capital Management L.L.C. lowered its position in Ameren Co. (NYSE:AEE – Free Report) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,364 shares of the utilities provider’s stock after selling 489 shares during the period. Landscape Capital Management L.L.C.’s holdings in Ameren were worth $1,431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Citizens Financial Group Inc. RI boosted its holdings in shares of Ameren by 27.3% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 9,756 shares of the utilities provider’s stock valued at $853,000 after acquiring an additional 2,095 shares during the last quarter. Jennison Associates LLC boosted its holdings in Ameren by 33.4% in the third quarter. Jennison Associates LLC now owns 1,034,148 shares of the utilities provider’s stock valued at $90,447,000 after purchasing an additional 258,858 shares during the last quarter. Commerce Bank grew its position in Ameren by 0.5% during the 3rd quarter. Commerce Bank now owns 161,855 shares of the utilities provider’s stock worth $14,156,000 after purchasing an additional 769 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Ameren by 14.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 57,721 shares of the utilities provider’s stock valued at $5,048,000 after buying an additional 7,112 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Ameren during the 3rd quarter valued at about $1,007,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Activity

In other Ameren news, EVP Chonda J. Nwamu sold 1,610 shares of Ameren stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $81.94, for a total transaction of $131,923.40. Following the transaction, the executive vice president now directly owns 44,432 shares of the company’s stock, valued at $3,640,758.08. The trade was a 3.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.42% of the company’s stock.

Ameren Price Performance

Shares of Ameren stock opened at $94.06 on Friday. The stock has a market capitalization of $25.11 billion, a P/E ratio of 22.13, a PEG ratio of 3.03 and a beta of 0.45. The business has a 50 day simple moving average of $87.83 and a two-hundred day simple moving average of $80.12. Ameren Co. has a 12 month low of $67.03 and a 12 month high of $94.21. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.41.

Ameren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.68 dividend on an annualized basis and a yield of 2.85%. Ameren’s payout ratio is currently 63.06%.

Wall Street Analysts Forecast Growth

AEE has been the subject of several recent research reports. Morgan Stanley lifted their price target on Ameren from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group started coverage on shares of Ameren in a report on Thursday, September 19th. They set a “buy” rating and a $97.00 target price for the company. Bank of America lifted their price objective on shares of Ameren from $86.00 to $87.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Wells Fargo & Company raised their target price on Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Finally, Mizuho raised Ameren from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $82.00 to $89.00 in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.80.

Check Out Our Latest Stock Analysis 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 business.

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