BI Asset Management Fondsmaeglerselskab A S Sells 5,497 Shares of Ameren Corporation $AEE

BI Asset Management Fondsmaeglerselskab A S lowered its position in shares of Ameren Corporation (NYSE:AEE) by 14.3% in the 4th quarter, HoldingsChannel reports. The firm owned 33,001 shares of the utilities provider’s stock after selling 5,497 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ameren were worth $3,295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Ameren by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock valued at $3,559,565,000 after purchasing an additional 495,945 shares during the period. State Street Corp grew its holdings in shares of Ameren by 2.4% during the 3rd quarter. State Street Corp now owns 14,045,845 shares of the utilities provider’s stock worth $1,466,105,000 after acquiring an additional 328,401 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Ameren by 1.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,283,529 shares of the utilities provider’s stock worth $655,892,000 after acquiring an additional 60,519 shares during the period. Invesco Ltd. grew its holdings in shares of Ameren by 1.0% during the 3rd quarter. Invesco Ltd. now owns 5,140,239 shares of the utilities provider’s stock worth $536,538,000 after acquiring an additional 49,282 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Ameren by 68.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,080,775 shares of the utilities provider’s stock worth $425,951,000 after buying an additional 1,661,019 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.

Insider Activity

In related news, SVP Theresa A. Shaw sold 325 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $109.08, for a total value of $35,451.00. Following the sale, the senior vice president directly owned 32,618 shares of the company’s stock, valued at $3,557,971.44. This represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AEE. JPMorgan Chase & Co. upgraded Ameren from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $120.00 to $126.00 in a research note on Thursday, May 21st. Barclays increased their price target on Ameren from $104.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Argus increased their price target on Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Mizuho set a $117.00 target price on Ameren in a report on Friday, February 13th. Finally, Weiss Ratings raised Ameren from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Ameren presently has an average rating of “Moderate Buy” and an average price target of $117.54.

Ameren Trading Down 1.8%

Shares of Ameren stock opened at $107.27 on Tuesday. The firm has a market cap of $29.69 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.20 and a beta of 0.47. The business has a 50-day moving average price of $110.19 and a 200-day moving average price of $106.66. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 1.39. Ameren Corporation has a twelve month low of $93.50 and a twelve month high of $115.58.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.24 billion. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities research analysts anticipate that Ameren Corporation will post 5.36 EPS for the current fiscal year.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a $0.75 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $3.00 annualized dividend and a yield of 2.8%. Ameren’s dividend payout ratio (DPR) is currently 53.96%.

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.