Ameren (NYSE:AEE) Upgraded at Evercore ISI

Evercore ISI upgraded shares of Ameren (NYSE:AEE) from an in-line rating to an outperform rating in a report published on Tuesday, MarketBeat.com reports. Evercore ISI currently has $104.00 price target on the utilities provider’s stock, up from their prior price target of $89.00.

Several other equities research analysts also recently issued reports on AEE. Barclays boosted their price objective on Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Morgan Stanley boosted their price objective on Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, BMO Capital Markets upped their price target on Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ameren has an average rating of “Moderate Buy” and an average price target of $91.30.

Ameren Stock Up 0.1 %

Ameren stock opened at $93.46 on Tuesday. The business has a 50 day simple moving average of $91.07 and a 200-day simple moving average of $85.97. The stock has a market capitalization of $24.95 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.41. Ameren has a 12 month low of $67.03 and a 12 month high of $96.74.

Insider Transactions at Ameren

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the transaction, the chief financial officer now directly owns 205,171 shares of the company’s stock, valued at $18,906,507.65. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

Institutional Trading of Ameren

A number of hedge funds and other institutional investors have recently modified their holdings of AEE. State Street Corp increased its holdings in Ameren by 2.6% in the third quarter. State Street Corp now owns 13,139,956 shares of the utilities provider’s stock valued at $1,149,221,000 after buying an additional 334,752 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Ameren by 1.9% during the third quarter. Geode Capital Management LLC now owns 6,672,164 shares of the utilities provider’s stock worth $581,661,000 after buying an additional 127,287 shares during the period. Janus Henderson Group PLC boosted its position in shares of Ameren by 0.9% during the third quarter. Janus Henderson Group PLC now owns 4,561,994 shares of the utilities provider’s stock worth $398,992,000 after buying an additional 39,300 shares during the period. FMR LLC lifted its position in Ameren by 59.8% in the third quarter. FMR LLC now owns 2,631,580 shares of the utilities provider’s stock worth $230,158,000 after purchasing an additional 984,879 shares during the period. Finally, Millennium Management LLC lifted its position in Ameren by 106.1% in 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. 79.09% of the stock is owned by hedge funds and other institutional investors.

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.