CarsonAllaria Wealth Management Ltd. Has $109,000 Stake in Ameren Co. (NYSE:AEE)

CarsonAllaria Wealth Management Ltd. reduced its stake in shares of Ameren Co. (NYSE:AEE) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,224 shares of the utilities provider’s stock after selling 390 shares during the quarter. CarsonAllaria Wealth Management Ltd.’s holdings in Ameren were worth $109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. lifted its holdings in Ameren by 86.2% during the 4th quarter. Mather Group LLC. now owns 540 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 250 shares during the last quarter. abrdn plc increased its holdings in shares of Ameren by 11.3% during the fourth quarter. abrdn plc now owns 125,658 shares of the utilities provider’s stock worth $11,153,000 after buying an additional 12,747 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Ameren by 42.1% in the fourth quarter. Jennison Associates LLC now owns 1,469,037 shares of the utilities provider’s stock valued at $130,950,000 after acquiring an additional 434,889 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Ameren by 1.3% in the 4th quarter. CENTRAL TRUST Co now owns 26,984 shares of the utilities provider’s stock worth $2,405,000 after acquiring an additional 340 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in Ameren during the 4th quarter worth approximately $317,000. 79.09% of the stock is owned by institutional investors.

Insider Activity at Ameren

In related news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total transaction of $598,975.00. Following the completion of the transaction, the chief financial officer now owns 205,171 shares in the company, valued at approximately $18,906,507.65. The trade was a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AEE has been the topic of a number of recent analyst reports. Barclays lowered Ameren from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $88.00 to $95.00 in a research note on Monday, January 27th. Morgan Stanley upped their price target on shares of Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. BMO Capital Markets boosted 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. Finally, Evercore ISI upgraded shares of Ameren from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $89.00 to $104.00 in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Ameren Stock Performance

Shares of Ameren stock opened at $95.49 on Wednesday. Ameren Co. has a 52 week low of $67.03 and a 52 week high of $96.74. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63. The stock has a market capitalization of $25.49 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 2.90 and a beta of 0.49. The firm has a fifty day moving average of $91.34 and a two-hundred day moving average of $87.24.

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.