Ameren Co. (NYSE:AEE) Shares Sold by Busey Bank

Busey Bank cut its holdings in Ameren Co. (NYSE:AEE) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,753 shares of the utilities provider’s stock after selling 520 shares during the period. Busey Bank’s holdings in Ameren were worth $1,137,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. purchased a new stake in shares of Ameren during the 3rd quarter worth about $44,000. ST Germain D J Co. Inc. boosted its position in 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 buying an additional 312 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new stake in Ameren during the 3rd quarter valued at approximately $49,000. Brooklyn Investment Group acquired a new stake in shares of Ameren during the third quarter worth approximately $56,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Ameren in the second quarter worth about $58,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Stock Performance

Shares of AEE stock opened at $94.20 on Friday. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 2.86 and a beta of 0.48. The stock’s fifty day simple moving average is $91.28 and its 200-day simple moving average is $86.72. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $96.74. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AEE shares. BMO Capital Markets boosted their target price on shares of Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley raised their target price on Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Evercore ISI upgraded shares of Ameren from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $89.00 to $104.00 in a research report on Tuesday, January 21st. Finally, Barclays lowered Ameren from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $88.00 to $95.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Insider Buying and Selling at Ameren

In related news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the sale, the chief financial officer now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.42% of the company’s stock.

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.