XTX Topco Ltd Has $209,000 Stake in Ameren Co. (NYSE:AEE)

XTX Topco Ltd reduced its stake in Ameren Co. (NYSE:AEE) by 54.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,384 shares of the utilities provider’s stock after selling 2,841 shares during the period. XTX Topco Ltd’s holdings in Ameren were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AEE. First Command Advisory Services Inc. acquired a new stake in Ameren in the second quarter valued at approximately $26,000. Jamison Private Wealth Management Inc. acquired a new stake in shares of Ameren during the 3rd quarter valued at $44,000. Cedar Mountain Advisors LLC bought a new stake in Ameren during the 3rd quarter worth $49,000. Brooklyn Investment Group bought a new stake in Ameren during the 3rd quarter worth $56,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Ameren in the 2nd quarter worth about $58,000. 79.09% of the stock is owned by institutional investors.

Ameren Stock Performance

Shares of Ameren stock opened at $88.57 on Friday. The business has a 50-day moving average price of $90.02 and a two-hundred day moving average price of $82.64. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $95.69. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The company has a market cap of $23.64 billion, a P/E ratio of 20.84, a PEG ratio of 2.95 and a beta of 0.48.

Ameren Announces Dividend

The firm also recently announced 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 3.03%. Ameren’s payout ratio is currently 63.06%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AEE shares. BMO Capital Markets boosted their price target on Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Argus upgraded shares of Ameren to a “strong-buy” rating in a research report on Thursday, September 19th. Bank of America raised their price target on shares of Ameren from $86.00 to $87.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Mizuho raised shares of Ameren from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $82.00 to $89.00 in a research note on Monday, September 16th. Finally, Wells Fargo & Company raised their target price on Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.89.

Insiders Place Their Bets

In other 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 completion of the sale, the chief financial officer now owns 205,171 shares of the company’s stock, valued at $18,906,507.65. This trade represents a 3.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by corporate insiders.

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.