Endeavor Private Wealth Inc. Invests $84,000 in Ameren Co. (NYSE:AEE)

Endeavor Private Wealth Inc. acquired a new stake in Ameren Co. (NYSE:AEE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 947 shares of the utilities provider’s stock, valued at approximately $84,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of 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 purchasing an additional 91,182 shares during the period. XTX Topco Ltd acquired a new stake in Ameren in the 2nd quarter valued at approximately $372,000. Pacer Advisors Inc. raised its holdings in shares of Ameren by 4.9% in the second quarter. Pacer Advisors Inc. now owns 18,630 shares of the utilities provider’s stock valued at $1,325,000 after purchasing an additional 864 shares during the last quarter. Sei Investments Co. boosted its holdings in 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 last quarter. Finally, Thrivent Financial for Lutherans grew its position in Ameren by 36.3% in the second quarter. Thrivent Financial for Lutherans now owns 14,619 shares of the utilities provider’s stock valued at $1,039,000 after purchasing an additional 3,897 shares in the last quarter. 79.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In related news, CFO Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were 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 approximately $18,906,507.65. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is owned by company insiders.

Ameren Stock Down 3.0 %

Shares of AEE opened at $93.38 on Thursday. The firm’s 50-day simple moving average is $91.07 and its 200 day simple moving average is $85.97. 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 firm has a market cap of $24.93 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48. Ameren Co. has a 52 week low of $67.03 and a 52 week high of $96.74.

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.