Sound Income Strategies LLC Has $439,000 Stock Position in Ameren Co. (NYSE:AEE)

Sound Income Strategies LLC increased its holdings in shares of Ameren Co. (NYSE:AEE) by 10.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,923 shares of the utilities provider’s stock after buying an additional 477 shares during the quarter. Sound Income Strategies LLC’s holdings in Ameren were worth $439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEE. Jamison Private Wealth Management Inc. bought a new stake in shares of Ameren in the third quarter worth about $44,000. ST Germain D J Co. Inc. grew its position 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 during the period. Cedar Mountain Advisors LLC acquired a new position in shares of Ameren in the 3rd quarter valued at approximately $49,000. Brooklyn Investment Group bought a new stake in Ameren during the 3rd quarter worth approximately $56,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Ameren during the 2nd quarter worth approximately $58,000. 79.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Ameren Stock Performance

NYSE:AEE opened at $94.20 on Friday. Ameren Co. has a twelve month low of $67.03 and a twelve month high of $96.74. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 1.37. The stock’s 50-day simple moving average is $91.15 and its 200 day simple moving average is $86.03. The firm has a market capitalization of $25.14 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 2.88 and a beta of 0.48.

Insider Activity

In related news, CFO Michael L. Moehn sold 6,500 shares of the 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is currently owned by corporate insiders.

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.