Cornerstone Wealth Management LLC Has $2.36 Million Stock Position in Ameren Co. (NYSE:AEE)

Cornerstone Wealth Management LLC grew its stake in shares of Ameren Co. (NYSE:AEE) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,460 shares of the utilities provider’s stock after buying an additional 3,093 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Ameren were worth $2,359,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AEE. Dimensional Fund Advisors LP raised its holdings in Ameren by 10.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 979,094 shares of the utilities provider’s stock valued at $69,622,000 after buying an additional 91,182 shares during the last quarter. XTX Topco Ltd acquired a new position in Ameren in the 2nd quarter valued at approximately $372,000. Pacer Advisors Inc. raised its stake in shares of Ameren by 4.9% during the second quarter. Pacer Advisors Inc. now owns 18,630 shares of the utilities provider’s stock valued at $1,325,000 after acquiring an additional 864 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Ameren by 79.1% during the second quarter. Sei Investments Co. now owns 246,030 shares of the utilities provider’s stock worth $17,496,000 after purchasing an additional 108,664 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in shares of Ameren by 36.3% in the second quarter. Thrivent Financial for Lutherans now owns 14,619 shares of the utilities provider’s stock worth $1,039,000 after purchasing an additional 3,897 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AEE has been the subject of several analyst reports. Evercore ISI raised Ameren from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $89.00 to $104.00 in a research report on Tuesday. Barclays raised their price objective on Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Morgan Stanley upped their target price on Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, BMO Capital Markets raised their price target on shares of Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $91.30.

Ameren Trading Up 0.1 %

NYSE:AEE opened at $93.46 on Friday. Ameren Co. has a 12 month low of $67.03 and a 12 month high of $96.74. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $24.95 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.88 and a beta of 0.48. The firm has a fifty day simple moving average of $91.07 and a two-hundred day simple moving average of $85.97.

Insider Transactions at Ameren

In other news, CFO Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 205,171 shares of the company’s stock, valued at $18,906,507.65. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.42% of the company’s stock.

Ameren 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.