BNP Paribas Financial Markets Purchases 80,599 Shares of Ameren Co. (NYSE:AEE)

BNP Paribas Financial Markets increased its stake in Ameren Co. (NYSE:AEEFree Report) by 30.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 345,434 shares of the utilities provider’s stock after purchasing an additional 80,599 shares during the period. BNP Paribas Financial Markets owned approximately 0.13% of Ameren worth $25,548,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AEE. International Assets Investment Management LLC raised its stake in Ameren by 7,133.8% in the fourth quarter. International Assets Investment Management LLC now owns 960,286 shares of the utilities provider’s stock valued at $694,670,000 after purchasing an additional 947,011 shares in the last quarter. Cohen & Steers Inc. acquired a new position in Ameren in the fourth quarter valued at about $60,445,000. Maple Brown Abbott Ltd raised its stake in Ameren by 16.6% during the fourth quarter. Maple Brown Abbott Ltd now owns 1,574,860 shares of the utilities provider’s stock worth $113,925,000 after acquiring an additional 223,790 shares in the last quarter. Vanguard Group Inc. raised its stake in Ameren by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 32,289,721 shares of the utilities provider’s stock worth $2,335,838,000 after acquiring an additional 180,794 shares in the last quarter. Finally, Stack Financial Management Inc acquired a new position in Ameren during the fourth quarter worth about $11,438,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AEE. Bank of America boosted their target price on Ameren from $77.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. The Goldman Sachs Group began coverage on Ameren in a research note on Wednesday, April 10th. They set a “sell” rating and a $73.00 target price for the company. Morgan Stanley lowered their target price on Ameren from $76.00 to $72.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Barclays raised Ameren from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $73.00 to $77.00 in a research note on Thursday, May 30th. Finally, StockNews.com upgraded Ameren from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $79.20.

Read Our Latest Research Report on AEE

Insider Activity at Ameren

In related news, EVP Mark C. Lindgren sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $75.53, for a total value of $302,120.00. Following the sale, the executive vice president now directly owns 43,935 shares in the company, valued at $3,318,410.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ameren news, EVP Mark C. Lindgren sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $75.53, for a total transaction of $302,120.00. Following the transaction, the executive vice president now directly owns 43,935 shares in the company, valued at approximately $3,318,410.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rafael Flores sold 1,500 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $71.29, for a total value of $106,935.00. Following the transaction, the director now owns 13,768 shares in the company, valued at $981,520.72. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

Ameren Stock Performance

NYSE:AEE opened at $70.45 on Monday. The stock’s 50-day moving average is $72.33 and its 200-day moving average is $71.89. Ameren Co. has a 1-year low of $67.03 and a 1-year high of $88.72. The stock has a market cap of $18.79 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 2.46 and a beta of 0.44. The company has a current ratio of 0.59, a quick ratio of 0.40 and a debt-to-equity ratio of 1.31.

Ameren (NYSE:AEEGet Free Report) last announced its earnings results on Thursday, May 9th. The utilities provider reported $0.98 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.08). Ameren had a net margin of 15.84% and a return on equity of 10.20%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The business’s revenue was down 11.9% on a year-over-year basis. Equities research analysts anticipate that Ameren Co. will post 4.58 earnings per share for the current year.

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.80%. The ex-dividend date was Wednesday, June 12th. Ameren’s payout ratio is presently 61.61%.

About Ameren

(Free Report)

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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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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