Ameren Co. (NYSE:AEE) Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA cut its stake in Ameren Co. (NYSE:AEE) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,540 shares of the utilities provider’s stock after selling 126 shares during the period. CHICAGO TRUST Co NA’s holdings in Ameren were worth $405,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AEE. State Street Corp increased its holdings in shares of Ameren by 2.6% in the 3rd quarter. State Street Corp now owns 13,139,956 shares of the utilities provider’s stock worth $1,149,221,000 after acquiring an additional 334,752 shares during the period. Geode Capital Management LLC grew its position in Ameren by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 6,672,164 shares of the utilities provider’s stock worth $581,661,000 after purchasing an additional 127,287 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Ameren by 0.9% in the third quarter. Janus Henderson Group PLC now owns 4,561,994 shares of the utilities provider’s stock valued at $398,992,000 after purchasing an additional 39,300 shares during the period. FMR LLC raised its holdings in shares of Ameren by 59.8% during the third quarter. FMR LLC now owns 2,631,580 shares of the utilities provider’s stock valued at $230,158,000 after buying an additional 984,879 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Ameren by 106.1% during the second quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock worth $177,644,000 after buying an additional 1,286,162 shares during the period. 79.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 205,171 shares of the company’s stock, valued at $18,906,507.65. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.42% of the company’s stock.

Ameren Trading Up 0.8 %

Shares of NYSE:AEE opened at $88.76 on Tuesday. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $95.69. The company has a 50 day moving average price of $90.58 and a 200 day moving average price of $84.98. The stock has a market capitalization of $23.69 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.95 and a beta of 0.48. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays lifted their target price on Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Morgan Stanley lifted their price objective on shares of Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Wells Fargo & Company increased their target price on shares of Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Jefferies Financial Group began coverage on shares of Ameren in a research note on Thursday, September 19th. They set a “buy” rating and a $97.00 target price on the stock. Finally, Mizuho raised shares of Ameren from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $82.00 to $89.00 in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.89.

Ameren 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.