Gulf International Bank UK Ltd Reduces Position in Ameren Corporation (NYSE:AEE)

Key Points

• Gulf International Bank UK Ltd has reduced its holdings in Ameren Corporation by 23.6%, now owning 15,694 shares worth $1,575,000.
• Various institutional investors have also adjusted their positions, with 79.09% of Ameren's stock now owned by these entities.
• Wall Street analysts generally view Ameren positively, with a consensus rating of "Moderate Buy" and a target price averaging $101.36.

Gulf International Bank UK Ltd lessened its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 23.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,694 shares of the utilities provider's stock after selling 4,861 shares during the quarter. Gulf International Bank UK Ltd's holdings in Ameren were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Ameren during the 1st quarter valued at $25,000. Quarry LP purchased a new position in shares of Ameren during the 4th quarter valued at $31,000. SouthState Corp purchased a new position in shares of Ameren during the 1st quarter valued at $34,000. ORG Partners LLC lifted its stake in shares of Ameren by 74.5% during the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock valued at $35,000 after buying an additional 149 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Ameren by 586.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider's stock valued at $41,000 after buying an additional 358 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AEE. UBS Group lifted their target price on shares of Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 11th. KeyCorp set a $104.00 price target on shares of Ameren and gave the company an "overweight" rating in a report on Wednesday, July 16th. BMO Capital Markets lifted their price target on shares of Ameren from $106.00 to $108.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Morgan Stanley reduced their price target 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. Finally, Guggenheim reiterated a "neutral" rating on shares of Ameren in a report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $101.36.

Ameren Price Performance

AEE stock opened at $101.45 on Friday. Ameren Corporation has a 12 month low of $80.57 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. The company has a 50-day moving average price of $97.72 and a 200 day moving average price of $97.78. The stock has a market cap of $27.43 billion, a PE ratio of 22.30, a P/E/G ratio of 2.63 and a beta of 0.45.

Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the company earned $0.97 EPS. The firm's revenue for the quarter was up 31.2% compared to the same quarter last year. Equities research analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current year.

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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