Endeavor Private Wealth Inc. Acquires Shares of 947 Ameren Co. (NYSE:AEE)

Endeavor Private Wealth Inc. acquired a new stake in Ameren Co. (NYSE:AEE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 947 shares of the utilities provider’s stock, valued at approximately $84,000.

A number of other hedge funds have also modified their holdings of the stock. Jamison Private Wealth Management Inc. bought a new stake in Ameren in the third quarter valued at $44,000. ST Germain D J Co. Inc. boosted its stake in shares of Ameren by 134.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 544 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 312 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of Ameren in the 3rd quarter valued at $49,000. Brooklyn Investment Group bought a new stake in shares of Ameren in the 3rd quarter worth about $56,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Ameren during the 2nd quarter valued at about $58,000. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Price Performance

Shares of AEE opened at $93.38 on Thursday. The stock has a market cap of $24.93 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48. Ameren Co. has a 1 year low of $67.03 and a 1 year high of $96.74. The stock’s 50-day moving average price is $91.07 and its two-hundred day moving average price is $85.97. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37.

Insider Buying and Selling

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the transaction, the chief financial officer now directly owns 205,171 shares of the company’s stock, valued at approximately $18,906,507.65. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on AEE. Barclays upped their price objective on shares of Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley lifted their price target on Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. BMO Capital Markets increased their price objective on shares of Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Evercore ISI raised shares of Ameren from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $89.00 to $104.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.30.

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.