BI Asset Management Fondsmaeglerselskab A S Increases Stock Position in Ameren Corporation $AEE

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Ameren Corporation by 401.3%, accumulating a total of 62,215 shares valued at approximately $6.25 million.
• Ameren recently announced a quarterly dividend of $0.71, representing a 2.8% yield, with a payout ratio currently at 62.42%.
• Analyst ratings are generally positive, with a consensus rating of "Moderate Buy" and an average price target of $101.36 for Ameren stock.

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Ameren Corporation (NYSE:AEE - Free Report) by 401.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,215 shares of the utilities provider's stock after purchasing an additional 49,805 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Ameren were worth $6,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Merit Financial Group LLC bought a new stake in Ameren in the 1st quarter worth approximately $204,000. J.W. Cole Advisors Inc. purchased a new position in shares of Ameren in the 1st quarter worth $897,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Ameren by 6.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,926 shares of the utilities provider's stock worth $1,699,000 after acquiring an additional 963 shares during the period. Allianz Asset Management GmbH purchased a new stake in Ameren during the first quarter valued at $13,552,000. Finally, Park Avenue Securities LLC increased its position in Ameren by 35.0% during the first quarter. Park Avenue Securities LLC now owns 6,201 shares of the utilities provider's stock valued at $623,000 after acquiring an additional 1,607 shares during the last quarter. Institutional investors own 79.09% of the company's stock.

Ameren Trading Up 0.2%

Ameren stock opened at $102.0220 on Thursday. The firm has a 50 day moving average of $98.15 and a 200 day moving average of $97.99. The firm has a market capitalization of $27.59 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 2.62 and a beta of 0.45. Ameren Corporation has a 12-month low of $81.31 and a 12-month high of $104.10. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51.

Ameren (NYSE:AEE - Get Free Report) last issued 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 business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The company's revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, research analysts predict that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AEE. Barclays cut their price target on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Morgan Stanley dropped their price objective on shares of Ameren from $102.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. UBS Group upped their target price on shares of Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 11th. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and increased their price target for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company lifted their price target on shares of Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $101.36.

Ameren Profile

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.

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