Sigma Planning Corp lessened its holdings in Ameren Corporation (NYSE:AEE – Free Report) by 83.4% during the 4th quarter, HoldingsChannel reports. The firm owned 2,111 shares of the utilities provider’s stock after selling 10,633 shares during the period. Sigma Planning Corp’s holdings in Ameren were worth $211,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of AEE. JPMorgan Chase & Co. increased its position in Ameren by 68.6% in the third quarter. JPMorgan Chase & Co. now owns 4,080,775 shares of the utilities provider’s stock worth $425,951,000 after purchasing an additional 1,661,019 shares during the last quarter. ANTIPODES PARTNERS Ltd increased its position in Ameren by 104,698.0% in the third quarter. ANTIPODES PARTNERS Ltd now owns 1,370,758 shares of the utilities provider’s stock worth $143,091,000 after purchasing an additional 1,369,450 shares during the last quarter. Homestead Advisers Corp bought a new stake in Ameren in the third quarter worth $76,614,000. Assenagon Asset Management S.A. increased its position in Ameren by 9,966.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 518,725 shares of the utilities provider’s stock worth $51,800,000 after purchasing an additional 513,572 shares during the last quarter. Finally, Reaves W H & Co. Inc. increased its position in Ameren by 112.4% during the third quarter. Reaves W H & Co. Inc. now owns 964,012 shares of the utilities provider’s stock valued at $100,624,000 after acquiring an additional 510,192 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.
Ameren Trading Up 0.2%
NYSE AEE opened at $109.02 on Friday. The company’s 50-day moving average price is $111.02 and its 200-day moving average price is $105.92. The company has a current ratio of 0.62, a quick ratio of 0.46 and a debt-to-equity ratio of 1.39. The stock has a market cap of $30.16 billion, a PE ratio of 19.61, a PEG ratio of 2.19 and a beta of 0.50. Ameren Corporation has a 12 month low of $93.27 and a 12 month high of $115.58.
Analyst Ratings Changes
AEE has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of Ameren from $119.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price objective on shares of Ameren from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Argus boosted their price objective on shares of Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. BTIG Research initiated coverage on shares of Ameren in a research report on Thursday, April 9th. They set a “buy” rating and a $131.00 price objective on the stock. Finally, UBS Group boosted their price objective on shares of Ameren from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ameren presently has an average rating of “Moderate Buy” and an average price target of $117.31.
Get Our Latest Stock Analysis on AEE
Ameren Profile
Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.
Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.
See Also
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