Securian Asset Management Inc Has $1.65 Million Position in Ameren Corp (AEE)

Securian Asset Management Inc lifted its position in Ameren Corp (NYSE:AEE) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,234 shares of the utilities provider’s stock after purchasing an additional 701 shares during the quarter. Securian Asset Management Inc’s holdings in Ameren were worth $1,646,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. James Investment Research Inc. grew its holdings in shares of Ameren by 871.1% in the third quarter. James Investment Research Inc. now owns 65,551 shares of the utilities provider’s stock valued at $4,144,000 after purchasing an additional 58,801 shares during the period. Achmea Investment Management B.V. grew its holdings in shares of Ameren by 21.0% in the third quarter. Achmea Investment Management B.V. now owns 21,959 shares of the utilities provider’s stock valued at $1,387,000 after purchasing an additional 3,808 shares during the period. Prudential Financial Inc. grew its holdings in shares of Ameren by 13.8% in the third quarter. Prudential Financial Inc. now owns 319,764 shares of the utilities provider’s stock valued at $20,215,000 after purchasing an additional 38,850 shares during the period. Standard Life Aberdeen plc grew its holdings in shares of Ameren by 7.7% in the third quarter. Standard Life Aberdeen plc now owns 99,374 shares of the utilities provider’s stock valued at $6,282,000 after purchasing an additional 7,124 shares during the period. Finally, Chartwell Investment Partners LLC grew its holdings in shares of Ameren by 4.8% in the third quarter. Chartwell Investment Partners LLC now owns 44,990 shares of the utilities provider’s stock valued at $2,844,000 after purchasing an additional 2,045 shares during the period. 72.90% of the stock is owned by hedge funds and other institutional investors.

Shares of AEE stock opened at $70.47 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.98. The stock has a market cap of $17.22 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 3.16 and a beta of 0.31. Ameren Corp has a 1-year low of $53.05 and a 1-year high of $70.95.

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

A number of brokerages recently issued reports on AEE. Barclays set a $67.00 price objective on shares of Ameren and gave the company a “hold” rating in a report on Saturday, November 17th. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. UBS Group lowered shares of Ameren from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Thursday, November 29th. Finally, Wolfe Research lowered shares of Ameren from an “outperform” rating to a “hold” rating in a research note on Friday, October 26th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ameren has a consensus rating of “Hold” and a consensus price target of $66.38.

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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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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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