2,826 Shares in Ameren Co. (NYSE:AEE) Purchased by PFG Investments LLC

PFG Investments LLC bought a new stake in Ameren Co. (NYSE:AEE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,826 shares of the utilities provider’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versor Investments LP bought a new position in Ameren in the 3rd quarter worth approximately $1,417,000. FMR LLC grew its stake in shares of Ameren by 59.8% in the third quarter. FMR LLC now owns 2,631,580 shares of the utilities provider’s stock worth $230,158,000 after purchasing an additional 984,879 shares in the last quarter. Lindenwold Advisors INC acquired a new position in shares of Ameren during the third quarter valued at $1,682,000. JPMorgan Chase & Co. raised its stake in shares of Ameren by 51.7% during the third quarter. JPMorgan Chase & Co. now owns 1,064,877 shares of the utilities provider’s stock valued at $93,134,000 after purchasing an additional 362,772 shares in the last quarter. Finally, HITE Hedge Asset Management LLC lifted its holdings in Ameren by 265.0% in the third quarter. HITE Hedge Asset Management LLC now owns 173,771 shares of the utilities provider’s stock worth $15,198,000 after purchasing an additional 126,157 shares during the period. 79.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on AEE shares. Evercore ISI upgraded shares of Ameren from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $89.00 to $104.00 in a research report on Tuesday, January 21st. Morgan Stanley boosted their target price on Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. BMO Capital Markets increased their price target on Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Barclays downgraded Ameren from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $88.00 to $95.00 in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Insiders Place Their Bets

In related news, CFO Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 in the company, valued at approximately $18,906,507.65. This represents a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Ameren Trading Up 0.0 %

Shares of AEE opened at $94.15 on Friday. The business’s 50-day moving average price is $91.28 and its 200 day moving average price is $86.77. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $25.13 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.86 and a beta of 0.48. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $96.74.

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.