Magellan Asset Management Ltd purchased a new stake in shares of Ameren Corporation (NYSE:AEE – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 305,654 shares of the utilities provider’s stock, valued at approximately $34,551,000.
Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its position in Ameren by 22.9% during the 1st quarter. NewEdge Advisors LLC now owns 8,077 shares of the utilities provider’s stock valued at $811,000 after buying an additional 1,503 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Ameren by 19.8% in the first quarter. Empowered Funds LLC now owns 6,255 shares of the utilities provider’s stock worth $628,000 after buying an additional 1,034 shares during the last quarter. Woodline Partners LP grew its position in shares of Ameren by 42.2% during the 1st quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock valued at $2,289,000 after acquiring an additional 6,772 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Ameren by 48.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,555 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 505 shares during the period. Finally, Brown Advisory Inc. grew its stake in shares of Ameren by 6.3% during the 2nd quarter. Brown Advisory Inc. now owns 4,688 shares of the utilities provider’s stock valued at $450,000 after acquiring an additional 277 shares during the period. 79.09% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, SVP Theresa A. Shaw sold 325 shares of Ameren stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $108.93, for a total value of $35,402.25. Following the completion of the transaction, the senior vice president owned 32,340 shares in the company, valued at approximately $3,522,796.20. The trade was a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $108.96, for a total value of $708,240.00. Following the sale, the insider owned 199,689 shares in the company, valued at $21,758,113.44. The trade was a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.
Ameren Price Performance
Ameren (NYSE:AEE – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.27 billion. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The company’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities research analysts forecast that Ameren Corporation will post 5.4 earnings per share for the current fiscal year.
Ameren Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.00 annualized dividend and a yield of 2.8%. Ameren’s dividend payout ratio (DPR) is 52.82%.
Wall Street Analysts Forecast Growth
AEE has been the topic of several recent analyst reports. KeyCorp upgraded shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price objective on the stock in a research report on Thursday, July 23rd. Wall Street Zen cut Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. BTIG Research set a $126.00 price objective on Ameren in a research report on Thursday, July 23rd. Morgan Stanley cut their target price on Ameren from $118.00 to $114.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price target on Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.42.
View Our Latest Stock Analysis on AEE
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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