Commerzbank Aktiengesellschaft FI lowered its holdings in Ameren Corporation (NYSE:AEE – Free Report) by 70.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,103 shares of the utilities provider’s stock after selling 5,081 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Ameren were worth $220,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Ameren by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 35,582,578 shares of the utilities provider’s stock valued at $3,417,351,000 after purchasing an additional 1,268,457 shares in the last quarter. State Street Corp lifted its stake in shares of Ameren by 2.2% during the second quarter. State Street Corp now owns 13,717,444 shares of the utilities provider’s stock worth $1,317,423,000 after purchasing an additional 297,386 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Ameren by 2.7% in the second quarter. Geode Capital Management LLC now owns 7,242,392 shares of the utilities provider’s stock worth $692,794,000 after buying an additional 192,808 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Ameren by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 6,223,010 shares of the utilities provider’s stock valued at $597,673,000 after buying an additional 179,137 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Ameren by 9.3% in the second quarter. Invesco Ltd. now owns 5,090,957 shares of the utilities provider’s stock valued at $488,936,000 after buying an additional 432,182 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.
Ameren Stock Performance
Shares of AEE opened at $103.32 on Tuesday. The stock has a market capitalization of $27.95 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.24 and a beta of 0.58. The business’s fifty day moving average price is $101.30 and its 200 day moving average price is $101.53. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.93 and a quick ratio of 0.64. Ameren Corporation has a 12-month low of $91.77 and a 12-month high of $106.73.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $116.00 price target on shares of Ameren in a research report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Ameren in a research report on Monday, December 29th. Wells Fargo & Company lowered their price target on shares of Ameren from $112.00 to $111.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Argus raised shares of Ameren to a “strong-buy” rating in a research note on Wednesday, December 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ameren from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $109.60.
Check Out Our Latest Analysis on Ameren
Insiders Place Their Bets
In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $101.44, for a total value of $659,360.00. Following the transaction, the chief financial officer owned 198,973 shares of the company’s stock, valued at $20,183,821.12. This trade represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by company insiders.
Ameren Company Profile
Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.
Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.
Recommended Stories
- Five stocks we like better than Ameren
- How a Family Trust May Be Able To Help Preserve Your Wealth
- Do not delete, read immediately
- The $100 Trillion AI Story No One Is Telling You
- NEW LAW: Congress Approves Setup For Digital Dollar?
- If You Keep Cash In A U.S. Bank Account… Read This NOW
Want to see what other hedge funds are holding AEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ameren Corporation (NYSE:AEE – Free Report).
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.
