Investment analysts at UBS Group initiated coverage on shares of Ameren (NYSE:AEE) in a research report issued to clients and investors on Friday, www.benzinga.com reports. The brokerage set a “neutral” rating and a $57.00 price target on the utilities provider’s stock. UBS Group’s target price points to a potential upside of 3.84% from the company’s current price.
A number of other equities analysts have also commented on the stock. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Ameren from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Bank of America started coverage on shares of Ameren in a report on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price target on the stock. KeyCorp reiterated a “hold” rating on shares of Ameren in a report on Friday, October 20th. Finally, Morgan Stanley lowered shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price target on the stock. in a report on Wednesday, December 13th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $57.80.
Shares of Ameren (AEE) traded down $0.32 during trading on Friday, reaching $54.89. 1,440,562 shares of the company’s stock were exchanged, compared to its average volume of 1,513,217. Ameren has a 1 year low of $51.69 and a 1 year high of $64.89. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.61 and a quick ratio of 0.40. The firm has a market capitalization of $13,395.87, a price-to-earnings ratio of 21.78, a P/E/G ratio of 2.59 and a beta of 0.28.
In other news, SVP Gregory L. Nelson sold 12,000 shares of Ameren stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the transaction, the senior vice president now owns 36,785 shares in the company, valued at $2,305,683.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Moisand Fitzgerald Tamayo LLC bought a new position in Ameren during the third quarter worth $116,000. Cable Hill Partners LLC raised its stake in Ameren by 400.2% during the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock worth $117,000 after buying an additional 1,625 shares during the last quarter. Cerebellum GP LLC bought a new position in Ameren during the fourth quarter worth $123,000. Acropolis Investment Management LLC raised its stake in Ameren by 101.9% during the fourth quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock worth $200,000 after buying an additional 1,712 shares during the last quarter. Finally, Seizert Capital Partners LLC bought a new position in Ameren during the third quarter worth $201,000. 70.51% of the stock is owned by institutional investors and hedge funds.
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Ameren Company Profile
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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