9,234 Shares in Ameren Co. (NYSE:AEE) Acquired by USA Financial Formulas

USA Financial Formulas acquired a new position in shares of Ameren Co. (NYSE:AEE) in the 4th quarter, HoldingsChannel reports. The fund acquired 9,234 shares of the utilities provider’s stock, valued at approximately $823,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Jamison Private Wealth Management Inc. acquired a new position in shares of Ameren in the 3rd quarter valued at $44,000. ST Germain D J Co. Inc. increased its holdings in shares of Ameren by 134.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 544 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 312 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of Ameren in the 3rd quarter worth approximately $49,000. Brooklyn Investment Group acquired a new position in Ameren during the third quarter worth about $56,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Ameren during the 2nd quarter worth about $58,000. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total transaction of $598,975.00. Following the transaction, the chief financial officer now directly owns 205,171 shares in the company, valued at approximately $18,906,507.65. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.36% of the stock is owned by company insiders.

Ameren Price Performance

NYSE AEE opened at $91.04 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. Ameren Co. has a 1 year low of $67.03 and a 1 year high of $95.69. The company has a market cap of $24.30 billion, a PE ratio of 21.42, a PEG ratio of 2.71 and a beta of 0.48. The stock’s 50-day moving average price is $90.62 and its two-hundred day moving average price is $85.11.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AEE. Wells Fargo & Company raised their price target on Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. BMO Capital Markets raised their target price on Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group began coverage on shares of Ameren in a report on Thursday, September 19th. They issued a “buy” rating and a $97.00 price objective on the stock. Morgan Stanley boosted their target price on shares of Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Barclays raised their price target on shares of Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.89.

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.