Smith Graham & Co. Investment Advisors LP lowered its stake in Ameren Corp (NYSE:AEE) by 2.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 45,360 shares of the utilities provider’s stock after selling 1,240 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Ameren were worth $3,484,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in Ameren during the third quarter worth $31,000. Gradient Investments LLC raised its holdings in shares of Ameren by 521.4% in the fourth quarter. Gradient Investments LLC now owns 522 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 438 shares during the last quarter. Resources Management Corp CT ADV acquired a new position in shares of Ameren in the third quarter worth $48,000. Bartlett & Co. LLC lifted its position in shares of Ameren by 94.1% in the third quarter. Bartlett & Co. LLC now owns 1,250 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 606 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Ameren by 806.3% in the third quarter. Cullen Frost Bankers Inc. now owns 1,296 shares of the utilities provider’s stock valued at $103,000 after acquiring an additional 1,153 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:AEE opened at $80.03 on Wednesday. The company has a market cap of $19.62 billion, a P/E ratio of 24.62, a P/E/G ratio of 3.72 and a beta of 0.19. The business has a fifty day simple moving average of $76.40 and a 200-day simple moving average of $76.53. Ameren Corp has a 52 week low of $66.74 and a 52 week high of $80.85. The company has a quick ratio of 0.44, a current ratio of 0.65 and a debt-to-equity ratio of 1.05.
Several research analysts recently weighed in on the stock. ValuEngine downgraded shares of Ameren from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Goldman Sachs Group cut shares of Ameren from a “buy” rating to a “neutral” rating in a research note on Thursday, January 16th. Evercore ISI started coverage on shares of Ameren in a report on Tuesday, December 31st. They set a “hold” rating and a $77.00 price target for the company. Guggenheim started coverage on shares of Ameren in a report on Tuesday, January 7th. They set a “buy” rating and a $82.00 price target for the company. Finally, UBS Group raised shares of Ameren from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $83.00 to $86.00 in a research report on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $81.56.
Ameren Company Profile
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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