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

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Ameren Corporation (NYSE:AEE) by 199.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,498 shares of the utilities provider’s stock after buying an additional 25,653 shares during the period. 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.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEE. Vanguard Group Inc. boosted its holdings in shares of Ameren by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 35,582,578 shares of the utilities provider’s stock worth $3,417,351,000 after purchasing an additional 1,268,457 shares during the last quarter. State Street Corp lifted its position in Ameren by 2.2% during the second quarter. State Street Corp now owns 13,717,444 shares of the utilities provider’s stock worth $1,317,423,000 after buying an additional 297,386 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ameren by 2.7% during the second quarter. Geode Capital Management LLC now owns 7,242,392 shares of the utilities provider’s stock worth $692,794,000 after buying an additional 192,808 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Ameren by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,223,010 shares of the utilities provider’s stock valued at $597,673,000 after buying an additional 179,137 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Ameren by 9.3% in the 2nd quarter. Invesco Ltd. now owns 5,090,957 shares of the utilities provider’s stock worth $488,936,000 after acquiring an additional 432,182 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEE has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Ameren from $112.00 to $111.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Ameren in a research note on Monday, December 29th. KeyCorp lowered shares of Ameren from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 12th. JPMorgan Chase & Co. upped their price objective on Ameren from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Finally, Morgan Stanley reaffirmed an “underperform” rating and issued a $108.00 price objective on shares of Ameren in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ameren currently has an average rating of “Hold” and a consensus target price of $109.60.

Insider Transactions at Ameren

In other Ameren news, insider Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $103.60, for a total transaction of $673,400.00. Following the completion of the transaction, the insider owned 193,076 shares in the company, valued at $20,002,673.60. The trade was a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is owned by corporate insiders.

Ameren Stock Up 0.3%

Shares of NYSE AEE opened at $105.08 on Friday. The stock has a market cap of $28.42 billion, a P/E ratio of 20.21, a PEG ratio of 2.10 and a beta of 0.57. The business’s fifty day simple moving average is $101.12 and its 200-day simple moving average is $101.89. Ameren Corporation has a 12-month low of $91.77 and a 12-month high of $106.73. The company has a current ratio of 0.93, a quick ratio of 0.64 and a debt-to-equity ratio of 1.49.

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

About Ameren

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.