Citigroup Inc. Sells 9,823 Shares of Ameren Co. (NYSE:AEE)

Citigroup Inc. decreased its holdings in shares of Ameren Co. (NYSE:AEE - Free Report) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,413 shares of the utilities provider's stock after selling 9,823 shares during the quarter. Citigroup Inc. owned 0.08% of Ameren worth $19,627,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AEE. Millennium Management LLC grew its holdings in shares of Ameren by 106.1% during the second quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider's stock worth $177,644,000 after purchasing an additional 1,286,162 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Ameren by 8,645.7% during the third quarter. International Assets Investment Management LLC now owns 1,160,998 shares of the utilities provider's stock worth $1,015,410,000 after purchasing an additional 1,147,723 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Ameren by 3,738.0% during the third quarter. Assenagon Asset Management S.A. now owns 745,872 shares of the utilities provider's stock worth $65,234,000 after purchasing an additional 726,438 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in shares of Ameren by 192.6% during the second quarter. ANTIPODES PARTNERS Ltd now owns 1,103,565 shares of the utilities provider's stock worth $78,475,000 after purchasing an additional 726,404 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Ameren by 155.6% during the second quarter. Canada Pension Plan Investment Board now owns 648,306 shares of the utilities provider's stock worth $46,101,000 after purchasing an additional 394,700 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company's stock.

Ameren Price Performance

Shares of Ameren stock opened at $94.25 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 1.37. The company has a market cap of $25.16 billion, a PE ratio of 22.18, a P/E/G ratio of 3.08 and a beta of 0.45. The business has a 50 day moving average of $88.37 and a 200 day moving average of $80.61. Ameren Co. has a 52 week low of $67.03 and a 52 week high of $94.61.

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be issued a dividend of $0.67 per share. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.84%. Ameren's dividend payout ratio is presently 63.06%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AEE shares. Wells Fargo & Company upped their target price on Ameren from $91.00 to $96.00 and gave the stock an "overweight" rating in a research note on Friday, September 20th. Mizuho raised Ameren from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $82.00 to $89.00 in a research note on Monday, September 16th. Jefferies Financial Group started coverage on Ameren in a research note on Thursday, September 19th. They issued a "buy" rating and a $97.00 target price for the company. Bank of America upped their target price on Ameren from $86.00 to $87.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. Finally, Barclays upped their target price on Ameren from $77.00 to $88.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Ameren presently has a consensus rating of "Moderate Buy" and an average price target of $87.90.

Insider Activity at Ameren

In related news, CFO Michael L. Moehn sold 6,500 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total transaction of $598,975.00. Following the completion of the transaction, the chief financial officer now owns 205,171 shares in the company, valued at $18,906,507.65. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Ameren 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.