Ameren Co. (NYSE:AEE) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC reduced its stake in Ameren Co. (NYSE:AEE) by 3.5% in the 4th quarter, Holdings Channel reports. The firm owned 20,252 shares of the utilities provider’s stock after selling 742 shares during the quarter. Mutual Advisors LLC’s holdings in Ameren were worth $1,901,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Jamison Private Wealth Management Inc. acquired a new stake in shares of Ameren during the third quarter valued at about $44,000. ST Germain D J Co. Inc. grew its stake in shares of Ameren by 134.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 544 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 312 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of Ameren during the third quarter valued at about $49,000. Brooklyn Investment Group acquired a new stake in shares of Ameren during the third quarter valued at about $56,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Ameren during the second quarter valued at about $58,000. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley raised their target price on Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Evercore ISI upgraded Ameren from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $89.00 to $104.00 in a research note on Tuesday. Barclays lifted their price target on Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets lifted their price target on Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ameren has an average rating of “Moderate Buy” and a consensus price target of $91.30.

Ameren Stock Performance

Shares of NYSE AEE opened at $94.20 on Friday. 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 firm’s 50-day moving average price is $91.15 and its two-hundred day moving average price is $86.03. Ameren Co. has a 52-week low of $67.03 and a 52-week high of $96.74. The stock has a market capitalization of $25.14 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.88 and a beta of 0.48.

Insiders Place Their Bets

In other news, CFO Michael L. Moehn sold 6,500 shares of Ameren 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 sale, the chief financial officer now owns 205,171 shares of the company’s stock, valued at approximately $18,906,507.65. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.42% of the stock is currently 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.