State Treasurer State of Michigan cut its position in Ameren Corp (NYSE:AEE) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,122 shares of the utilities provider’s stock after selling 2,500 shares during the quarter. State Treasurer State of Michigan’s holdings in Ameren were worth $4,195,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Ameren in the third quarter valued at about $116,000. Cable Hill Partners LLC increased its stake in shares of Ameren by 400.2% in the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock valued at $117,000 after buying an additional 1,625 shares during the period. Cerebellum GP LLC acquired a new stake in shares of Ameren in the fourth quarter valued at about $123,000. Acropolis Investment Management LLC increased its stake in shares of Ameren by 101.9% in the fourth quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock valued at $200,000 after buying an additional 1,712 shares during the period. Finally, Seizert Capital Partners LLC acquired a new stake in shares of Ameren in the third quarter valued at about $201,000. Hedge funds and other institutional investors own 70.76% of the company’s stock.
Several equities research analysts recently commented on AEE shares. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised Ameren from a “strong sell” rating to a “hold” rating in a research note on Monday, January 15th. KeyCorp reaffirmed a “hold” rating on shares of Ameren in a research note on Friday, October 20th. Bank of America started coverage on Ameren in a research note on Tuesday, October 24th. They set a “neutral” rating and a $62.00 target price for the company. Finally, UBS Group started coverage on Ameren in a research note on Friday, February 2nd. They set a “neutral” rating and a $57.00 target price for the company. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $57.80.
In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the transaction, the senior vice president now owns 36,785 shares in the company, valued at $2,305,683.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.38% of the stock is currently owned by corporate insiders.
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Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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