Ameren Corporation $AEE Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Ameren Corporation (NYSE:AEE) by 199.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,498 shares of the utilities provider’s stock after purchasing an additional 25,653 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ameren were worth $4,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC raised its stake in Ameren by 22.9% during the 1st quarter. NewEdge Advisors LLC now owns 8,077 shares of the utilities provider’s stock worth $811,000 after acquiring an additional 1,503 shares in the last quarter. Empowered Funds LLC increased its position in shares of Ameren by 19.8% during the first quarter. Empowered Funds LLC now owns 6,255 shares of the utilities provider’s stock worth $628,000 after purchasing an additional 1,034 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Ameren by 42.2% in the 1st quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock valued at $2,289,000 after purchasing an additional 6,772 shares during the last quarter. Truist Financial Corp boosted its position in shares of Ameren by 6.3% in the 2nd quarter. Truist Financial Corp now owns 9,484 shares of the utilities provider’s stock valued at $911,000 after purchasing an additional 561 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Ameren during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Wall Street Analysts Forecast Growth

AEE has been the subject of a number of research reports. KeyCorp cut Ameren from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. upped their price target on shares of Ameren from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Barclays lowered their price objective on shares of Ameren from $111.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ameren in a report on Monday, December 29th. Finally, Wells Fargo & Company lowered their price target on Ameren from $112.00 to $111.00 and set an “overweight” rating on the stock in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $109.60.

Insider Activity

In other news, insider Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $103.60, for a total value of $673,400.00. Following the completion of the sale, the insider directly owned 193,076 shares of the company’s stock, valued at $20,002,673.60. This trade represents a 3.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.42% of the company’s stock.

Ameren Stock Up 0.3%

Shares of NYSE:AEE opened at $105.08 on Friday. The company has a market cap of $28.42 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.10 and a beta of 0.57. The firm’s 50-day simple moving average is $101.12 and its 200-day simple moving average is $101.89. The company has a quick ratio of 0.64, a current ratio of 0.93 and a debt-to-equity ratio of 1.49. Ameren Corporation has a fifty-two week low of $91.77 and a fifty-two week high of $106.73.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.07. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Ameren had a net margin of 15.75% and a return on equity of 10.92%. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 earnings per share. As a group, equities research analysts predict that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Company Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.