Wealth Enhancement Advisory Services LLC Acquires 232 Shares of Ameren Co. (NYSE:AEE)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Ameren Co. (NYSE:AEE) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,064 shares of the utilities provider’s stock after purchasing an additional 232 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Ameren were worth $1,405,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. purchased a new stake in Ameren during the third quarter worth about $44,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Ameren during the 3rd quarter worth approximately $49,000. Brooklyn Investment Group bought a new stake in shares of Ameren in the 3rd quarter worth approximately $56,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Ameren in the 2nd quarter worth approximately $58,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Ameren in the third quarter valued at approximately $74,000. 79.09% of the stock is currently owned by institutional investors.

Ameren Trading Up 1.8 %

Shares of AEE stock opened at $91.04 on Thursday. The company has a market capitalization of $24.30 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 2.95 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 business’s fifty day moving average is $90.62 and its 200 day moving average is $85.11. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63.

Insider Buying and Selling at Ameren

In other news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AEE. Morgan Stanley raised their target price on Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Wells Fargo & Company lifted their price objective on Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. BMO Capital Markets upped their price objective on shares of Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Argus upgraded shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Barclays boosted their price target on shares of Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $89.89.

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.