Ameren Co. (NYSE:AEE) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in shares of Ameren Co. (NYSE:AEE - Free Report) by 90.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,313 shares of the utilities provider's stock after selling 674,559 shares during the period. Assenagon Asset Management S.A.'s holdings in Ameren were worth $6,357,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. purchased a new stake in shares of Ameren during the 3rd quarter valued at approximately $44,000. ST Germain D J Co. Inc. increased its stake 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 worth $48,000 after acquiring an additional 312 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new stake in Ameren in the third quarter valued at $49,000. Brooklyn Investment Group acquired a new position in shares of Ameren in the 3rd quarter valued at $56,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Ameren during the 2nd quarter worth $58,000. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on AEE. Morgan Stanley upped their price target on Ameren from $86.00 to $94.00 and gave the stock an "equal weight" rating in a research note on Friday, December 13th. Barclays increased their target price on Ameren from $77.00 to $88.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets lifted their target price on Ameren from $93.00 to $98.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Ameren currently has an average rating of "Moderate Buy" and an average price target of $89.89.

Ameren Stock Performance

Shares of Ameren stock traded up $0.45 during trading on Monday, reaching $94.31. The company's stock had a trading volume of 1,351,246 shares, compared to its average volume of 1,202,618. The firm has a market cap of $25.17 billion, a PE ratio of 22.19, a P/E/G ratio of 2.71 and a beta of 0.48. The company has a 50-day moving average price of $90.91 and a two-hundred day moving average price of $85.57. 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 fifty-two week low of $67.03 and a fifty-two week high of $95.69.

Insider Buying and Selling at Ameren

In other news, CFO Michael L. Moehn sold 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by company insiders.

Ameren 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.