Trilogy Capital Inc. bought a new position in Ameren Corp (NYSE:AEE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 19,524 shares of the utilities provider’s stock, valued at approximately $1,152,000.
Several other hedge funds and other institutional investors have also made changes to their positions in AEE. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Ameren in the 3rd quarter worth approximately $116,000. Cable Hill Partners LLC boosted its stake in shares of Ameren by 400.2% in the 3rd quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock worth $117,000 after buying an additional 1,625 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Ameren in the 4th quarter worth approximately $123,000. Acropolis Investment Management LLC boosted its stake in shares of Ameren by 101.9% in the 4th quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock worth $200,000 after buying an additional 1,712 shares during the last quarter. Finally, Seizert Capital Partners LLC purchased a new position in shares of Ameren in the 3rd quarter worth approximately $201,000. Hedge funds and other institutional investors own 70.76% of the company’s stock.
Shares of Ameren Corp (NYSE AEE) opened at $55.42 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. The company has a market cap of $13,446.83, a P/E ratio of 21.99, a P/E/G ratio of 2.60 and a beta of 0.28. Ameren Corp has a 1-year low of $51.81 and a 1-year high of $64.89.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Ameren from a “hold” rating to a “sell” rating in a research note on Wednesday. UBS Group started coverage on shares of Ameren in a report on Friday, February 2nd. They issued a “neutral” rating and a $57.00 price target on the stock. KeyCorp reaffirmed a “hold” rating on shares of Ameren in a report on Friday, October 20th. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, Morgan Stanley cut shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price target on the stock. in a report on Wednesday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $57.80.
In related news, SVP Gregory L. Nelson sold 12,000 shares of Ameren stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total value of $752,160.00. Following the sale, the senior vice president now owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.38% of the company’s stock.
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Ameren Company Profile
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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