Brokerages Set Ameren Co. (NYSE:AEE) Target Price at $91.30

Shares of Ameren Co. (NYSE:AEE) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $92.00.

AEE has been the topic of several research reports. BMO Capital Markets raised their target price on shares of Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley raised their target price on shares of Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Barclays cut shares of Ameren from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $88.00 to $95.00 in a research note on Monday. Finally, Evercore ISI upgraded shares of Ameren from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $89.00 to $104.00 in a research note on Tuesday, January 21st.

Ameren Price Performance

Shares of AEE opened at $92.87 on Friday. Ameren has a twelve month low of $67.03 and a twelve month 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. The firm has a 50 day moving average of $91.27 and a 200 day moving average of $86.68. The company has a market capitalization of $24.79 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 2.88 and a beta of 0.48.

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 shares were sold at an average price of $92.15, for a total value of $598,975.00. Following the sale, the chief financial officer now directly owns 205,171 shares in the company, 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 at the SEC website. 0.42% of the stock is currently owned by insiders.

Institutional Trading of Ameren

A number of large investors have recently made changes to their positions in AEE. Dimensional Fund Advisors LP grew its holdings in Ameren by 10.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 979,094 shares of the utilities provider’s stock valued at $69,622,000 after purchasing an additional 91,182 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Ameren by 4.9% in the 2nd quarter. Pacer Advisors Inc. now owns 18,630 shares of the utilities provider’s stock worth $1,325,000 after purchasing an additional 864 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Ameren by 36.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 14,619 shares of the utilities provider’s stock worth $1,039,000 after purchasing an additional 3,897 shares during the period. ProShare Advisors LLC lifted its position in shares of Ameren by 11.4% in the 2nd quarter. ProShare Advisors LLC now owns 38,732 shares of the utilities provider’s stock worth $2,754,000 after purchasing an additional 3,975 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in shares of Ameren by 51.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 45,242 shares of the utilities provider’s stock worth $3,217,000 after acquiring an additional 15,389 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.

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.