Ameren (NYSE:AEE) Rating Lowered to “Equal Weight” at Barclays

Ameren (NYSE:AEE) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They presently have a $95.00 target price on the utilities provider’s stock, up from their previous target price of $88.00. Barclays‘s price target would suggest a potential upside of 1.87% from the stock’s previous close.

Several other brokerages also recently weighed in on AEE. Evercore ISI upgraded Ameren from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $89.00 to $104.00 in a report on Tuesday, January 21st. Morgan Stanley raised their target price on shares of 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 boosted their price target on shares of Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.00.

Ameren Trading Down 0.9 %

Shares of AEE stock opened at $93.26 on Monday. Ameren has a fifty-two week low of $67.03 and a fifty-two week high of $96.74. The company has a 50 day moving average price of $91.24 and a 200 day moving average price of $86.54. The stock has a market capitalization of $24.89 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.88 and a beta of 0.48. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63.

Insider Activity at Ameren

In other news, CFO Michael L. Moehn sold 6,500 shares of the firm’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 owns 205,171 shares in the company, valued at approximately $18,906,507.65. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. acquired a new position in shares of Ameren during the 3rd quarter valued at $44,000. Mather Group LLC. grew its position in Ameren by 86.2% in the fourth quarter. Mather Group LLC. now owns 540 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 250 shares in the last quarter. ST Germain D J Co. Inc. lifted its position in shares of 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 purchasing an additional 312 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of Ameren in the third quarter valued at $49,000. Finally, Brooklyn Investment Group acquired a new stake in Ameren during the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

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.