Ameren (NYSE:AEE) Reaches New 12-Month High – Still a Buy?

Ameren Co. (NYSE:AEE)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $96.40 and last traded at $96.46, with a volume of 74577 shares. The stock had previously closed at $94.17.

Wall Street Analyst Weigh In

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

Ameren Trading Up 2.3 %

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 company has a market cap of $25.71 billion, a P/E ratio of 22.68, a PEG ratio of 2.90 and a beta of 0.48. The business has a fifty day moving average price of $90.95 and a 200-day moving average price of $85.74.

Insiders Place Their Bets

In other news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was 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 of the company’s stock, valued at approximately $18,906,507.65. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Ameren

Institutional investors have recently modified their holdings of the business. State Street Corp raised its position in shares of Ameren by 2.6% during the third quarter. State Street Corp now owns 13,139,956 shares of the utilities provider’s stock worth $1,149,221,000 after acquiring an additional 334,752 shares during the last quarter. Geode Capital Management LLC boosted its position in Ameren by 1.9% during the third quarter. Geode Capital Management LLC now owns 6,672,164 shares of the utilities provider’s stock valued at $581,661,000 after acquiring an additional 127,287 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Ameren by 0.9% during the 3rd quarter. Janus Henderson Group PLC now owns 4,561,994 shares of the utilities provider’s stock worth $398,992,000 after acquiring an additional 39,300 shares during the period. FMR LLC raised its position in shares of Ameren by 59.8% in the 3rd quarter. FMR LLC now owns 2,631,580 shares of the utilities provider’s stock worth $230,158,000 after acquiring an additional 984,879 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Ameren by 106.1% in the 2nd quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock valued at $177,644,000 after purchasing an additional 1,286,162 shares during the period. Institutional investors own 79.09% of the company’s stock.

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.