Analysts Set Ameren Co. (NYSE:AEE) Target Price at $91.30

Shares of Ameren Co. (NYSE:AEE) have been given an average rating of “Moderate Buy” by the eleven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $92.00.

AEE has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on shares of Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Barclays lowered shares of Ameren from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $88.00 to $95.00 in a research report on Monday. BMO Capital Markets boosted their price target on shares of Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Evercore ISI upgraded shares of Ameren from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $89.00 to $104.00 in a research report on Tuesday, January 21st.

Ameren Stock Performance

NYSE:AEE opened at $94.12 on Friday. Ameren has a 12 month low of $67.03 and a 12 month high of $96.74. The stock has a market capitalization of $25.12 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 2.88 and a beta of 0.48. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The firm’s 50 day moving average is $91.21 and its 200 day moving average is $86.40.

Insider Buying and Selling at Ameren

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

Institutional Trading of Ameren

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Choreo LLC boosted its position in shares of Ameren by 36.2% in the 4th quarter. Choreo LLC now owns 15,174 shares of the utilities provider’s stock worth $1,365,000 after purchasing an additional 4,036 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in Ameren by 5.6% in the fourth quarter. Tectonic Advisors LLC now owns 6,406 shares of the utilities provider’s stock worth $571,000 after purchasing an additional 338 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Ameren by 38.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,367 shares of the utilities provider’s stock worth $2,195,000 after acquiring an additional 6,803 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Ameren by 86.2% during the 4th quarter. Mather Group LLC. now owns 540 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 250 shares during the last quarter. Finally, abrdn plc boosted its stake in shares of Ameren by 11.3% during the 4th quarter. abrdn plc now owns 125,658 shares of the utilities provider’s stock worth $11,153,000 after acquiring an additional 12,747 shares during the last quarter. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

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.