USA Financial Formulas Takes $823,000 Position in Ameren Co. (NYSE:AEE)

USA Financial Formulas bought a new stake in shares of Ameren Co. (NYSE:AEE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,234 shares of the utilities provider's stock, valued at approximately $823,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. purchased a new position in shares of Ameren in the third quarter valued at approximately $44,000. ST Germain D J Co. Inc. raised its stake in Ameren by 134.5% in the 4th 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 last quarter. Cedar Mountain Advisors LLC purchased a new position in Ameren in the 3rd quarter valued at $49,000. Brooklyn Investment Group purchased a new position in Ameren in the 3rd quarter valued at $56,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Ameren during the 2nd quarter worth $58,000. Institutional investors and hedge funds own 79.09% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Ameren from $86.00 to $94.00 and gave the stock an "equal weight" rating in a research note on Friday, December 13th. Jefferies Financial Group initiated coverage on Ameren in a research report on Thursday, September 19th. They set a "buy" rating and a $97.00 price objective on the stock. BMO Capital Markets boosted their price objective on Ameren from $93.00 to $98.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Argus raised Ameren to a "strong-buy" rating in a research note on Thursday, September 19th. Finally, Wells Fargo & Company boosted their price target on shares of Ameren from $91.00 to $96.00 and gave the company an "overweight" rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have issued 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $89.89.

Ameren Trading Up 2.3 %

Shares of AEE traded up $2.12 during midday trading on Thursday, hitting $93.24. 540,480 shares of the stock were exchanged, compared to its average volume of 1,081,793. Ameren Co. has a 52-week low of $67.03 and a 52-week high of $95.69. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63. The stock has a fifty day simple moving average of $90.62 and a 200 day simple moving average of $85.11. The firm has a market cap of $24.89 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.71 and a beta of 0.48.

Insider Buying and Selling

In related news, CFO Michael L. Moehn sold 6,500 shares of the business's stock in a transaction 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 directly owns 205,171 shares of the company's stock, valued at $18,906,507.65. The trade was a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is owned by corporate 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.