Cornerstone Wealth Management LLC Has $2.36 Million Holdings in Ameren Co. (NYSE:AEE)

Cornerstone Wealth Management LLC boosted its holdings in Ameren Co. (NYSE:AEE) by 13.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,460 shares of the utilities provider’s stock after acquiring an additional 3,093 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Ameren were worth $2,359,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Endeavor Private Wealth Inc. bought a new position in shares of Ameren in the fourth quarter valued at approximately $84,000. Bartlett & CO. Wealth Management LLC raised its position in Ameren by 57.0% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 1,929 shares of the utilities provider’s stock valued at $172,000 after buying an additional 700 shares during the last quarter. Tudor Financial Inc. lifted its stake in Ameren by 3.9% during the 4th quarter. Tudor Financial Inc. now owns 5,496 shares of the utilities provider’s stock valued at $490,000 after acquiring an additional 206 shares in the last quarter. Aaron Wealth Advisors LLC bought a new position in Ameren during the 4th quarter valued at $201,000. Finally, HB Wealth Management LLC boosted its holdings in Ameren by 14.3% during the 4th quarter. HB Wealth Management LLC now owns 3,912 shares of the utilities provider’s stock worth $349,000 after acquiring an additional 490 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Transactions at Ameren

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the company’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 sale, the chief financial officer now directly owns 205,171 shares of the company’s stock, valued at $18,906,507.65. This represents 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 through this link. 0.42% of the stock is owned by corporate insiders.

Ameren Price Performance

Shares of NYSE AEE opened at $93.46 on Friday. The firm has a market cap of $24.95 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 2.88 and a beta of 0.48. The stock has a fifty day simple moving average of $91.07 and a two-hundred day simple moving average of $85.97. 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 $96.74.

Analysts Set New Price Targets

AEE has been the subject of several analyst reports. BMO Capital Markets increased their target price on shares of Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Evercore ISI raised shares of Ameren from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $89.00 to $104.00 in a research report on Tuesday. Barclays upped their target price on Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley lifted their price target on Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Ameren presently has an average rating of “Moderate Buy” and a consensus target price of $91.30.

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.