Ameren Co. (NYSE:AEE) Shares Purchased by Country Trust Bank

Country Trust Bank lifted its holdings in Ameren Co. (NYSE:AEE) by 99.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,993 shares of the utilities provider’s stock after acquiring an additional 993 shares during the quarter. Country Trust Bank’s holdings in Ameren were worth $178,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Jamison Private Wealth Management Inc. acquired a new position in shares of Ameren in the 3rd quarter valued at $44,000. ST Germain D J Co. Inc. lifted its holdings in Ameren by 134.5% during 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 in the last quarter. Cedar Mountain Advisors LLC purchased a new position in Ameren during the third quarter valued at $49,000. Brooklyn Investment Group acquired a new stake in shares of Ameren in the third quarter valued at about $56,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Ameren during the second quarter worth about $58,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Insider Buying and Selling

In other news, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now 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 this hyperlink. 0.42% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Ameren Stock Up 1.5 %

NYSE AEE opened at $94.20 on Friday. The business’s fifty day simple moving average is $91.28 and its 200-day simple moving average is $86.77. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 1.37. The firm has a market cap of $25.14 billion, a PE ratio of 22.16, a P/E/G ratio of 2.86 and a beta of 0.48. Ameren Co. has a 52 week low of $67.03 and a 52 week high of $96.74.

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.