HB Wealth Management LLC Boosts Stake in Ameren Co. (NYSE:AEE)

HB Wealth Management LLC grew its holdings in Ameren Co. (NYSE:AEE) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,912 shares of the utilities provider’s stock after purchasing an additional 490 shares during the period. HB Wealth Management LLC’s holdings in Ameren were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Metis Global Partners LLC increased its position in shares of Ameren by 1.5% during the third quarter. Metis Global Partners LLC now owns 8,513 shares of the utilities provider’s stock valued at $745,000 after acquiring an additional 124 shares during the last quarter. CWA Asset Management Group LLC boosted its position in shares of Ameren by 2.7% during the 4th quarter. CWA Asset Management Group LLC now owns 4,786 shares of the utilities provider’s stock worth $427,000 after purchasing an additional 125 shares during the period. NorthRock Partners LLC increased its holdings in Ameren by 4.2% in the 3rd quarter. NorthRock Partners LLC now owns 3,107 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 126 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Ameren by 1.7% in the third quarter. Integrated Wealth Concepts LLC now owns 9,110 shares of the utilities provider’s stock valued at $797,000 after purchasing an additional 153 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in Ameren by 2.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,489 shares of the utilities provider’s stock worth $757,000 after purchasing an additional 169 shares in the last quarter. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

Ameren Stock Up 0.1 %

AEE opened at $93.46 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.41. Ameren Co. has a 12 month low of $67.03 and a 12 month high of $96.74. The stock has a market capitalization of $24.95 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.96 and a beta of 0.48. The business has a 50 day simple moving average of $91.07 and a 200-day simple moving average of $85.97.

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.