UniSuper Management Pty Ltd trimmed its position in shares of Ameren Corporation (NYSE:AEE – Free Report) by 17.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 545,158 shares of the utilities provider’s stock after selling 114,945 shares during the quarter. UniSuper Management Pty Ltd owned 0.20% of Ameren worth $56,904,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in Ameren by 22.9% during the first quarter. NewEdge Advisors LLC now owns 8,077 shares of the utilities provider’s stock worth $811,000 after buying an additional 1,503 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Ameren by 19.8% in the 1st quarter. Empowered Funds LLC now owns 6,255 shares of the utilities provider’s stock worth $628,000 after acquiring an additional 1,034 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Ameren by 42.2% in the 1st quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock worth $2,289,000 after acquiring an additional 6,772 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Ameren by 16.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 19,693 shares of the utilities provider’s stock valued at $1,891,000 after acquiring an additional 2,767 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Ameren by 0.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 92,154 shares of the utilities provider’s stock valued at $8,850,000 after purchasing an additional 491 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors.
Ameren Stock Down 0.6%
Shares of NYSE:AEE opened at $102.25 on Friday. Ameren Corporation has a 1 year low of $91.77 and a 1 year high of $106.73. The company has a market capitalization of $27.66 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The business has a fifty day moving average price of $101.34 and a two-hundred day moving average price of $101.39. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.93 and a quick ratio of 0.64.
Insider Buying and Selling at Ameren
In other news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $101.44, for a total value of $659,360.00. Following the sale, the chief financial officer owned 198,973 shares of the company’s stock, valued at $20,183,821.12. The trade was a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.42% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on AEE shares. Argus raised Ameren to a “strong-buy” rating in a research note on Wednesday, December 10th. Morgan Stanley reissued an “underperform” rating and issued a $108.00 price target on shares of Ameren in a research report on Wednesday. UBS Group dropped their price objective on Ameren from $121.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, December 17th. Wells Fargo & Company reduced their target price on shares of Ameren from $112.00 to $111.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Ameren from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $109.60.
Get Our Latest Stock Report on Ameren
About Ameren
Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.
Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.
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