Pensionfund Sabic adds Ameren Corp (AEE) to its portfolio

Ameren Corp (AEE) : Pensionfund Sabic added new position in Ameren Corp during the most recent quarter end. The investment management firm now holds 31,000 shares of Ameren Corp which is valued at $1.5 Million according to a report filed by the company on Apr 4, 2016 with the SEC.Ameren Corp makes up approximately 0.46% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands added AEE to its portfolio by purchasing 65,000 company shares during the most recent quarter which is valued at $3.2 Million. Ameren Corp makes up approx 0.43% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Ameren Corp reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 19, 2016. Analyst had a consensus of $0.15. The company had revenue of $1308.00 million for the quarter, compared to analysts expectations of $1507.63 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Ameren Corp. Company shares were Upgraded by Barclays on Apr 4, 2016 to ” Overweight”, Firm has raised the Price Target to $ 55 from a previous price target of $46 .Company shares were Reiterated by Barclays on Feb 22, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 46 from a previous price target of $45 .

Ameren Corp closed down -0.1 points or -0.21% at $48.68 with 22,65,950 shares getting traded on Monday. Post opening the session at $48.86, the shares hit an intraday low of $48.54 and an intraday high of $49.13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Ameren Corporation (Ameren) is a utility holding company. The Company operates in two segments: Ameren Missouri and Ameren Illinois. The Company’s subsidiaries include Ameren Missouri and Ameren Illinois. Ameren also has a subsidiary ATXI that operates a FERC rate-regulated electric transmission business. Ameren Missouri operates a rate-regulated electric generation transmission and distribution business and a rate-regulated natural gas transmission and distribution business in Missouri. It supplies electric and natural gas service to a 24000-square-mile area in central and eastern Missouri. Ameren Illinois operates rate-regulated electric and natural gas transmission and distribution businesses in Illinois. Ameren Illinois supplies electric and natural gas utility service to portions of central and southern Illinois in an area of 40000 square miles.

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