Nisa Investment Advisors LLC Sells 3,150 Shares of Ameren Co. (NYSE:AEE)

Nisa Investment Advisors LLC decreased its position in Ameren Co. (NYSE:AEE) by 5.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 54,789 shares of the utilities provider’s stock after selling 3,150 shares during the period. Nisa Investment Advisors LLC’s holdings in Ameren were worth $4,884,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Metis Global Partners LLC raised its holdings in Ameren by 1.5% during the third quarter. Metis Global Partners LLC now owns 8,513 shares of the utilities provider’s stock worth $745,000 after acquiring an additional 124 shares in the last quarter. CWA Asset Management Group LLC raised its stake in shares of Ameren by 2.7% during the 4th quarter. CWA Asset Management Group LLC now owns 4,786 shares of the utilities provider’s stock worth $427,000 after purchasing an additional 125 shares in the last quarter. NorthRock Partners LLC lifted its stake in Ameren by 4.2% in the 3rd quarter. NorthRock Partners LLC now owns 3,107 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 126 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Ameren by 1.7% in the third quarter. Integrated Wealth Concepts LLC now owns 9,110 shares of the utilities provider’s stock valued at $797,000 after buying an additional 153 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in Ameren by 2.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,489 shares of the utilities provider’s stock valued at $757,000 after purchasing an additional 169 shares during the last quarter. 79.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Ameren Price Performance

AEE stock opened at $94.20 on Friday. The company’s 50-day moving average price is $91.15 and its two-hundred day moving average price is $86.03. The firm has a market cap of $25.14 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.88 and a beta of 0.48. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 1.37. Ameren Co. has a 12 month low of $67.03 and a 12 month high of $96.74.

Insiders Place Their Bets

In related news, CFO Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 directly owns 205,171 shares in the company, valued at $18,906,507.65. This represents a 3.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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.