Wedge Capital Management L L P NC Reduces Stake in Ameren Corp (AEE)

Wedge Capital Management L L P NC lowered its stake in Ameren Corp (NYSE:AEE) by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,569 shares of the utilities provider’s stock after selling 26,612 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Ameren were worth $11,126,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. James Investment Research Inc. increased its stake 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 buying an additional 58,801 shares during the period. Achmea Investment Management B.V. increased its stake 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 buying an additional 3,808 shares during the period. Prudential Financial Inc. increased its stake 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 buying an additional 38,850 shares during the period. Standard Life Aberdeen plc increased its stake 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 buying an additional 7,124 shares during the period. Finally, Chartwell Investment Partners LLC increased its stake 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 buying an additional 2,045 shares during the period. 71.91% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the company. Barclays set a $67.00 price objective on Ameren and gave the company a “hold” rating in a research note on Saturday, November 17th. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. UBS Group downgraded shares of Ameren from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Thursday, November 29th. Finally, Wolfe Research downgraded shares of Ameren from an “outperform” rating to a “hold” rating in a research report on Friday, October 26th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $66.38.

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 transaction of $552,000.00. Following the completion of the sale, the insider now owns 80,567 shares of the company’s stock, valued at approximately $5,559,123. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Gregory L. Nelson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $69.00, for a total transaction of $690,000.00. Following the sale, 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. Corporate insiders own 0.44% of the company’s stock.

NYSE:AEE traded up $0.04 on Wednesday, reaching $68.88. 164,907 shares of the stock traded hands, compared to its average volume of 1,273,987. The company has a market capitalization of $16.82 billion, a PE ratio of 24.34, a P/E/G ratio of 3.09 and a beta of 0.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.43 and a current ratio of 0.64. Ameren Corp has a 1-year low of $51.89 and a 1-year high of $70.95.

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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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