Beacon Investment Advisory Services Inc. Has $245,000 Holdings in Ameren Co. (NYSE:AEE)

Beacon Investment Advisory Services Inc. decreased its stake in Ameren Co. (NYSE:AEE) by 37.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,745 shares of the utilities provider’s stock after selling 1,641 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Ameren were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AEE. Dimensional Fund Advisors LP raised its position in shares of Ameren by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 979,094 shares of the utilities provider’s stock valued at $69,622,000 after acquiring an additional 91,182 shares during the period. XTX Topco Ltd bought a new stake in Ameren in the second quarter valued at approximately $372,000. Pacer Advisors Inc. raised its holdings in Ameren by 4.9% in the second 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. Sei Investments Co. boosted its position in shares of Ameren by 79.1% during the second quarter. Sei Investments Co. now owns 246,030 shares of the utilities provider’s stock worth $17,496,000 after purchasing an additional 108,664 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings 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 valued at $1,039,000 after buying an additional 3,897 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AEE. Evercore ISI upgraded 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 report on Tuesday. BMO Capital Markets lifted their price objective on Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley increased their target price on Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, Barclays lifted their price target on shares of Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. One 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.30.

Ameren Trading Up 0.1 %

NYSE:AEE opened at $93.46 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 1.37. Ameren Co. has a twelve month low of $67.03 and a twelve month high of $96.74. The company has a market cap of $24.95 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 2.88 and a beta of 0.48. The business has a 50 day moving average price of $91.07 and a two-hundred day moving average price of $85.97.

Insider Buying and Selling

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by corporate insiders.

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.