Ameren Co. (NYSE:AEE) Given Average Rating of “Moderate Buy” by Brokerages

Ameren Co. (NYSE:AEE) has been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $92.00.

A number of analysts have recently weighed in on AEE shares. BMO Capital Markets increased their price objective on shares of Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley increased their price target 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 downgraded shares of Ameren from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $88.00 to $95.00 in a report on Monday. Finally, Evercore ISI raised shares of Ameren from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $89.00 to $104.00 in a report on Tuesday, January 21st.

Ameren Trading Down 0.4 %

Shares of Ameren stock opened at $92.87 on Friday. 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 has a 12-month low of $67.03 and a 12-month high of $96.74. The firm has a market capitalization of $24.79 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.88 and a beta of 0.48. The firm’s 50 day simple moving average is $91.27 and its two-hundred day simple moving average is $86.68.

Insider Buying and Selling at Ameren

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of Ameren 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 completion of the sale, the chief financial officer now directly owns 205,171 shares in the company, valued at $18,906,507.65. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jamison Private Wealth Management Inc. purchased a new position in Ameren in the third quarter worth approximately $44,000. ST Germain D J Co. Inc. lifted its stake in Ameren by 134.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 544 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 312 shares during the last quarter. Mather Group LLC. lifted its stake in Ameren by 86.2% in the fourth quarter. Mather Group LLC. now owns 540 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 250 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new position in Ameren in the third quarter worth approximately $49,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Ameren during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Ameren Company 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.