Beacon Investment Advisory Services Inc. Has $245,000 Holdings in Ameren Co. (NYSE:AEE)

Beacon Investment Advisory Services Inc. cut its position in Ameren Co. (NYSE:AEE) by 37.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,745 shares of the utilities provider’s stock after selling 1,641 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Ameren were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AEE. Dimensional Fund Advisors LP grew its position in shares of Ameren by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 979,094 shares of the utilities provider’s stock valued at $69,622,000 after acquiring an additional 91,182 shares during the period. XTX Topco Ltd bought a new stake in shares of Ameren in the 2nd quarter valued at about $372,000. Pacer Advisors Inc. lifted its stake in Ameren by 4.9% in the 2nd quarter. Pacer Advisors Inc. now owns 18,630 shares of the utilities provider’s stock valued at $1,325,000 after purchasing an additional 864 shares during the last quarter. Sei Investments Co. grew its holdings in Ameren by 79.1% during the second quarter. Sei Investments Co. now owns 246,030 shares of the utilities provider’s stock worth $17,496,000 after purchasing an additional 108,664 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in Ameren by 36.3% during the second quarter. Thrivent Financial for Lutherans now owns 14,619 shares of the utilities provider’s stock worth $1,039,000 after buying an additional 3,897 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEE has been the subject of a number of recent analyst reports. Evercore ISI raised Ameren from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $89.00 to $104.00 in a research report on Tuesday. Morgan Stanley raised 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. Barclays upped their price objective on shares of Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets raised their target price on shares of Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.30.

Ameren Trading Up 0.1 %

AEE stock opened at $93.46 on Friday. Ameren Co. has a 52 week low of $67.03 and a 52 week high of $96.74. The company has a market capitalization of $24.95 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.88 and a beta of 0.48. The company’s 50-day simple moving average is $91.07 and its 200 day simple moving average is $85.97. 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 Buying and Selling at Ameren

In related news, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total transaction of $598,975.00. Following the sale, the chief financial officer now owns 205,171 shares of the company’s stock, valued at $18,906,507.65. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.42% 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.