Kentucky Retirement Systems Insurance Trust Fund Has $691,000 Position in Ameren Co. (NYSE:AEE)

Kentucky Retirement Systems Insurance Trust Fund cut its position in Ameren Co. (NYSE:AEE) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,900 shares of the utilities provider’s stock after selling 701 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Ameren were worth $691,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AEE. Price T Rowe Associates Inc. MD increased its position in shares of Ameren by 25.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,931,588 shares of the utilities provider’s stock valued at $1,696,022,000 after buying an additional 4,593,638 shares in the last quarter. Zimmer Partners LP grew its stake in Ameren by 204.3% in the first quarter. Zimmer Partners LP now owns 3,827,897 shares of the utilities provider’s stock valued at $283,111,000 after acquiring an additional 2,569,897 shares during the period. Millennium Management LLC increased its holdings in shares of Ameren by 106.1% in the second quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock worth $177,644,000 after acquiring an additional 1,286,162 shares in the last quarter. International Assets Investment Management LLC raised its position 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 during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Ameren by 3,738.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 745,872 shares of the utilities provider’s stock valued at $65,234,000 after purchasing an additional 726,438 shares during the period. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEE has been the topic of a number of research reports. Mizuho raised shares of Ameren from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $82.00 to $89.00 in a research note on Monday, September 16th. Argus raised shares of Ameren to a “strong-buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group assumed coverage on shares of 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 boosted their price target on Ameren from $86.00 to $87.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, BMO Capital Markets lifted their target price on Ameren from $84.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.80.

Ameren Stock Performance

Shares of AEE opened at $92.35 on Tuesday. Ameren Co. has a 12 month low of $67.03 and a 12 month high of $92.77. The firm has a fifty day simple moving average of $87.30 and a 200 day simple moving average of $79.80. The stock has a market capitalization of $24.65 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 3.00 and a beta of 0.45. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37.

Ameren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Wednesday, December 11th. Ameren’s dividend payout ratio is currently 63.06%.

Insider Buying and Selling at Ameren

In other Ameren news, EVP Chonda J. Nwamu sold 1,610 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $81.94, for a total value of $131,923.40. Following the completion of the sale, the executive vice president now owns 44,432 shares in the company, valued at $3,640,758.08. This trade represents a 3.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.36% of the company’s stock.

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.