BNP Paribas Financial Markets increased its stake in Ameren Corporation (NYSE:AEE – Free Report) by 116.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 389,309 shares of the utilities provider’s stock after acquiring an additional 209,364 shares during the quarter. BNP Paribas Financial Markets’ holdings in Ameren were worth $38,876,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Ameren by 285.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after buying an additional 197 shares in the last quarter. Osterweis Capital Management Inc. grew its holdings in shares of Ameren by 6,040.0% during the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after buying an additional 302 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Ameren by 6,080.0% during the fourth quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock worth $32,000 after buying an additional 304 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Ameren during the third quarter worth $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Ameren by 45.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after buying an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.
Insider Buying and Selling at Ameren
In other news, SVP Theresa A. Shaw sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total transaction of $164,025.00. Following the transaction, the senior vice president owned 32,943 shares of the company’s stock, valued at approximately $3,602,317.05. The trade was a 4.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.
Ameren Trading Down 0.4%
Ameren (NYSE:AEE – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.11. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities analysts predict that Ameren Corporation will post 5.36 earnings per share for the current year.
Ameren Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. Ameren’s payout ratio is presently 53.96%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Ameren from a “hold” rating to a “sell” rating in a report on Monday, May 25th. Mizuho set a $117.00 target price on shares of Ameren in a report on Friday, February 13th. Morgan Stanley set a $110.00 target price on shares of Ameren in a report on Thursday, May 21st. Weiss Ratings raised shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Finally, BMO Capital Markets upped their target price on shares of Ameren from $112.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.54.
Ameren 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.
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