Summit Global Investments decreased its stake in shares of Ameren Corporation (NYSE:AEE – Free Report) by 28.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,346 shares of the utilities provider’s stock after selling 6,847 shares during the period. Summit Global Investments’ holdings in Ameren were worth $1,907,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in AEE. Vanguard Group Inc. boosted its holdings in Ameren by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock worth $3,559,565,000 after purchasing an additional 495,945 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Ameren by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,885,476 shares of the utilities provider’s stock worth $1,586,324,000 after purchasing an additional 362,052 shares during the last quarter. State Street Corp raised its stake in shares of Ameren by 3.3% in the fourth quarter. State Street Corp now owns 14,503,721 shares of the utilities provider’s stock valued at $1,448,342,000 after buying an additional 457,876 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Ameren by 3.0% during 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 during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Ameren by 2.9% during the 4th quarter. Invesco Ltd. now owns 5,290,191 shares of the utilities provider’s stock valued at $528,278,000 after buying an additional 149,952 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.
Insiders Place Their Bets
In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $109.08, for a total value of $35,451.00. Following the completion of the sale, the senior vice president owned 32,618 shares of the company’s stock, valued at $3,557,971.44. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by insiders.
Analyst Ratings Changes
Ameren Stock Performance
Ameren stock opened at $110.47 on Tuesday. Ameren Corporation has a fifty-two week low of $96.57 and a fifty-two week high of $118.32. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.62. The stock has a market cap of $30.57 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.70 and a beta of 0.47. The firm’s fifty day moving average price is $110.53 and its 200-day moving average price is $108.95.
Ameren (NYSE:AEE – Get Free Report) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities research analysts expect that Ameren Corporation will post 5.38 earnings per share for the current fiscal year.
Ameren Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a $0.75 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. Ameren’s payout ratio is presently 53.96%.
Ameren Company 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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