Ameren Co. (NYSE:AEE) Shares Bought by Jennison Associates LLC

Jennison Associates LLC grew its stake in Ameren Co. (NYSE:AEE) by 42.1% during the 4th quarter, Holdings Channel reports. The fund owned 1,469,037 shares of the utilities provider’s stock after acquiring an additional 434,889 shares during the period. Jennison Associates LLC’s holdings in Ameren were worth $130,950,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Jamison Private Wealth Management Inc. acquired a new position in Ameren in the 3rd quarter valued at $44,000. ST Germain D J Co. Inc. grew its position in shares of Ameren by 134.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 544 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 312 shares during the period. Cedar Mountain Advisors LLC acquired a new position in Ameren in the third quarter valued at $49,000. Brooklyn Investment Group purchased a new position in Ameren during the third quarter worth about $56,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Ameren in the 3rd quarter worth about $74,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Ameren Stock Up 0.0 %

Shares of NYSE AEE opened at $94.15 on Monday. The stock has a fifty day moving average price of $91.29 and a 200 day moving average price of $87.10. 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 12-month low of $67.03 and a 12-month high of $96.74. The company has a market cap of $25.13 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.90 and a beta of 0.49.

Insider Activity

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 value of $598,975.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

AEE has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on shares of Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Evercore ISI raised shares of Ameren from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $89.00 to $104.00 in a research report on Tuesday, January 21st. Barclays lowered shares of Ameren from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $88.00 to $95.00 in a report on Monday, January 27th. Finally, Morgan Stanley upped their price objective on Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

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.