Tudor Financial Inc. lifted its position in Ameren Co. (NYSE:AEE – Free Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,496 shares of the utilities provider’s stock after buying an additional 206 shares during the quarter. Tudor Financial Inc.’s holdings in Ameren were worth $490,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in AEE. Millennium Management LLC boosted its position in Ameren by 106.1% during the second quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock worth $177,644,000 after purchasing an additional 1,286,162 shares during the period. International Assets Investment Management LLC boosted its position in shares of Ameren by 8,645.7% in the third quarter. International Assets Investment Management LLC now owns 1,160,998 shares of the utilities provider’s stock valued at $1,015,410,000 after acquiring an additional 1,147,723 shares during the period. FMR LLC boosted its position in shares of Ameren by 59.8% in the third quarter. FMR LLC now owns 2,631,580 shares of the utilities provider’s stock valued at $230,158,000 after acquiring an additional 984,879 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Ameren by 3,738.0% in the third quarter. Assenagon Asset Management S.A. now owns 745,872 shares of the utilities provider’s stock valued at $65,234,000 after acquiring an additional 726,438 shares during the period. Finally, Verition Fund Management LLC boosted its position in shares of Ameren by 484.8% in the third quarter. Verition Fund Management LLC now owns 637,241 shares of the utilities provider’s stock valued at $55,733,000 after acquiring an additional 528,270 shares during the period. 79.09% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on AEE. Barclays boosted their target price on shares of Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley boosted their price target on Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, BMO Capital Markets boosted their price target on Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.89.
Ameren Stock Up 0.5 %
Shares of NYSE AEE opened at $94.31 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The company has a market cap of $25.17 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.90 and a beta of 0.48. Ameren Co. has a 12 month low of $67.03 and a 12 month high of $95.69. The stock has a 50-day moving average price of $90.91 and a two-hundred day moving average price of $85.57.
Insiders Place Their Bets
In other news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was 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 in the company, valued at approximately $18,906,507.65. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.36% of the company’s stock.
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.
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