HCR Wealth Advisors Sells 133 Shares of Ameren Co. (NYSE:AEE)

HCR Wealth Advisors lessened its stake in Ameren Co. (NYSE:AEE) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,171 shares of the utilities provider’s stock after selling 133 shares during the period. HCR Wealth Advisors’ holdings in Ameren were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jamison Private Wealth Management Inc. bought a new position in Ameren in the 3rd quarter worth about $44,000. ST Germain D J Co. Inc. grew its stake in Ameren by 134.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 544 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 312 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in Ameren during the 3rd quarter worth $49,000. Brooklyn Investment Group purchased a new position in Ameren during the 3rd quarter worth $56,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Ameren during the 2nd quarter valued at $58,000. Institutional investors own 79.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Argus upgraded Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. Wells Fargo & Company raised their target price on shares of Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Jefferies Financial Group started coverage on shares of Ameren in a research report on Thursday, September 19th. They issued a “buy” rating and a $97.00 price target for the company. Morgan Stanley lifted their price objective on shares of Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, BMO Capital Markets boosted their price objective on shares of Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ameren has a consensus rating of “Moderate Buy” and an average target price of $89.89.

Ameren Trading Up 1.8 %

NYSE AEE opened at $91.04 on Thursday. The firm has a market cap of $24.30 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 2.71 and a beta of 0.48. Ameren Co. has a 52 week low of $67.03 and a 52 week high of $95.69. 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 50 day moving average price of $90.62 and a 200 day moving average price of $85.11.

Insider Transactions at Ameren

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value 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 approximately $18,906,507.65. This trade 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 can be accessed through the SEC website. Insiders own 0.36% of the company’s stock.

About Ameren

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.