Ameren Co. (NYSE:AEE) Given Average Rating of “Moderate Buy” by Brokerages

Ameren Co. (NYSE:AEE) has received an average rating of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $91.30.

A number of research firms have recently weighed in on AEE. BMO Capital Markets increased 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. Barclays increased their price target on Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley boosted their price objective on Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Evercore ISI raised Ameren from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $89.00 to $104.00 in a report on Tuesday.

Insider Transactions 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 shares were sold at an average price of $92.15, for a total transaction 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 $18,906,507.65. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Ameren by 2.6% in the third quarter. State Street Corp now owns 13,139,956 shares of the utilities provider’s stock valued at $1,149,221,000 after purchasing an additional 334,752 shares in the last quarter. Geode Capital Management LLC grew its holdings in Ameren by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,672,164 shares of the utilities provider’s stock valued at $581,661,000 after buying an additional 127,287 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Ameren by 0.9% in the 3rd quarter. Janus Henderson Group PLC now owns 4,561,994 shares of the utilities provider’s stock worth $398,992,000 after acquiring an additional 39,300 shares during the last quarter. FMR LLC raised its holdings in shares of Ameren by 59.8% during the 3rd quarter. FMR LLC now owns 2,631,580 shares of the utilities provider’s stock worth $230,158,000 after acquiring an additional 984,879 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Ameren by 106.1% during the 2nd quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock valued at $177,644,000 after acquiring an additional 1,286,162 shares during the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Price Performance

Shares of NYSE AEE opened at $94.20 on Friday. The business’s 50 day moving average price is $91.15 and its 200 day moving average price is $86.03. The firm has a market cap 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. Ameren has a 52 week low of $67.03 and a 52 week high of $96.74. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 1.37.

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.