BI Asset Management Fondsmaeglerselskab A S Boosts Holdings in Ameren Corporation $AEE

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Ameren Corporation (NYSE:AEE) by 401.3% in the 1st quarter, HoldingsChannel reports. The firm owned 62,215 shares of the utilities provider’s stock after purchasing an additional 49,805 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ameren were worth $6,246,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Alpha Family Trust purchased a new position in shares of Ameren in the first quarter worth $212,000. Northern Trust Corp grew its stake in Ameren by 2.4% during the first quarter. Northern Trust Corp now owns 2,479,590 shares of the utilities provider’s stock valued at $248,951,000 after acquiring an additional 57,545 shares in the last quarter. Brooklyn Investment Group increased its holdings in Ameren by 50.9% in the 1st quarter. Brooklyn Investment Group now owns 987 shares of the utilities provider’s stock valued at $99,000 after acquiring an additional 333 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in Ameren by 117.9% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 210,143 shares of the utilities provider’s stock worth $21,098,000 after purchasing an additional 113,704 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Ameren by 9.5% in the 1st quarter. Raymond James Financial Inc. now owns 237,820 shares of the utilities provider’s stock worth $23,877,000 after purchasing an additional 20,561 shares in the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEE has been the subject of a number of research analyst reports. Morgan Stanley cut their price objective on Ameren from $102.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. Wells Fargo & Company increased their price target on Ameren from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Wednesday, May 14th. Barclays cut their price target on Ameren from $104.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, July 10th. KeyCorp set a $104.00 price objective on Ameren and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, UBS Group increased their target price on Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ameren presently has an average rating of “Moderate Buy” and a consensus target price of $101.36.

Ameren Price Performance

NYSE:AEE opened at $102.0220 on Thursday. The firm has a market capitalization of $27.59 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.62 and a beta of 0.45. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. The business has a 50 day simple moving average of $98.15 and a 200-day simple moving average of $97.99. Ameren Corporation has a 1 year low of $81.31 and a 1 year high of $104.10.

Ameren (NYSE:AEE) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.Ameren’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Equities analysts forecast that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 9th. Ameren’s dividend payout ratio (DPR) is 62.42%.

About Ameren

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.