Ameren (NYSE:AEE) had its target price hoisted by equities researchers at Wells Fargo & Co from $73.00 to $77.00 in a research report issued to clients and investors on Monday. The brokerage presently has an “outperform” rating on the utilities provider’s stock. Wells Fargo & Co‘s target price would indicate a potential upside of 9.11% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Barclays set a $67.00 target price on shares of Ameren and gave the company a “hold” rating in a research report on Saturday, November 17th. UBS Group downgraded shares of Ameren from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research report on Thursday, November 29th. Wolfe Research downgraded shares of Ameren from an “outperform” rating to a “hold” rating in a research report on Friday, October 26th. Finally, ValuEngine downgraded shares of Ameren from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Ameren presently has a consensus rating of “Hold” and an average price target of $67.13.

Shares of NYSE:AEE traded up $0.10 during trading hours on Monday, reaching $70.57. The stock had a trading volume of 597,992 shares, compared to its average volume of 1,254,881. Ameren has a 1 year low of $53.05 and a 1 year high of $70.95. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.98. The company has a market cap of $17.22 billion, a PE ratio of 24.94, a P/E/G ratio of 3.16 and a beta of 0.31.

In related news, insider Michael L. Moehn sold 8,000 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $69.00, for a total transaction of $552,000.00. Following the completion of the sale, the insider now owns 80,567 shares in the company, valued at approximately $5,559,123. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Gregory L. Nelson sold 10,000 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $69.00, for a total transaction of $690,000.00. Following the sale, the senior vice president now owns 46,095 shares of the company’s stock, valued at approximately $3,180,555. The disclosure for this sale can be found here. 0.44% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its stake in shares of Ameren by 6,342.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,701,785 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 1,675,368 shares during the period. Ironwood Financial llc acquired a new stake in shares of Ameren in the 4th quarter worth $31,000. Sound Income Strategies LLC acquired a new stake in shares of Ameren in the 4th quarter worth $39,000. Mondrian Investment Partners LTD acquired a new stake in shares of Ameren in the 4th quarter worth $40,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Ameren in the 4th quarter worth $43,000. Hedge funds and other institutional investors own 72.90% of the company’s stock.

About Ameren

Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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Analyst Recommendations for Ameren (NYSE:AEE)

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