Ameren (NYSE:AEE) received a $53.00 price objective from equities researchers at Morgan Stanley in a note issued to investors on Tuesday. The brokerage presently has a “sell” rating on the utilities provider’s stock. Morgan Stanley’s target price would suggest a potential downside of 3.07% from the company’s previous close.

Other analysts have also recently issued reports about the company. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised Ameren from a “strong sell” rating to a “hold” rating in a research note on Monday, January 15th. KeyCorp reissued a “hold” rating on shares of Ameren in a research note on Friday, October 20th. Bank of America started coverage on Ameren in a research note on Tuesday, October 24th. They set a “neutral” rating and a $62.00 target price for the company. Finally, UBS Group started coverage on Ameren in a research note on Friday, February 2nd. They set a “neutral” rating and a $57.00 target price for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $56.20.

Shares of Ameren (NYSE AEE) opened at $54.68 on Tuesday. Ameren has a 52 week low of $51.81 and a 52 week high of $64.89. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.40 and a current ratio of 0.61. The stock has a market capitalization of $13,361.90, a P/E ratio of 21.70, a P/E/G ratio of 2.58 and a beta of 0.28.

In other news, SVP Gregory L. Nelson sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the completion of the transaction, the senior vice president now directly owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Zeke Capital Advisors LLC grew its stake in shares of Ameren by 31.1% during the 4th quarter. Zeke Capital Advisors LLC now owns 4,552 shares of the utilities provider’s stock worth $269,000 after acquiring an additional 1,079 shares in the last quarter. Millennium Management LLC grew its stake in shares of Ameren by 554.0% during the 4th quarter. Millennium Management LLC now owns 1,978,972 shares of the utilities provider’s stock worth $116,740,000 after acquiring an additional 1,676,365 shares in the last quarter. Sciencast Management LP bought a new position in shares of Ameren during the 4th quarter worth approximately $777,000. Meadow Creek Investment Management LLC grew its stake in shares of Ameren by 35.9% during the 4th quarter. Meadow Creek Investment Management LLC now owns 140,998 shares of the utilities provider’s stock worth $8,317,000 after acquiring an additional 37,264 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its stake in shares of Ameren by 2.0% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 223,422 shares of the utilities provider’s stock worth $13,179,000 after acquiring an additional 4,447 shares in the last quarter. 69.99% of the stock is owned by institutional investors.

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About Ameren

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.

Analyst Recommendations for Ameren (NYSE:AEE)

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