Empowered Funds LLC bought a new position in shares of Ameren Corporation (NYSE:AEE – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,109 shares of the utilities provider’s stock, valued at approximately $1,595,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. bought a new position in Ameren in the 2nd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd raised its position 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 valued at $28,000 after buying an additional 197 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Ameren during the fourth quarter valued at approximately $29,000. Osterweis Capital Management Inc. lifted its holdings in shares of Ameren by 6,040.0% in 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. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Ameren by 74.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock worth $33,000 after buying an additional 125 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the stock. BTIG Research set a $126.00 target price on shares of Ameren in a research report on Thursday, July 23rd. BMO Capital Markets reduced their price target on shares of Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Mizuho increased their price objective on shares of Ameren from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ameren in a research report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Ameren has an average rating of “Moderate Buy” and a consensus target price of $121.42.
Insider Buying and Selling at Ameren
In other Ameren news, insider Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total value of $708,240.00. Following the transaction, the insider owned 199,689 shares of the company’s stock, valued at $21,758,113.44. This represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction on Friday, August 14th. The shares were 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 directly owned 32,340 shares in the company, valued at $3,522,796.20. This trade represents a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by insiders.
Ameren Trading Up 0.5%
Shares of AEE stock opened at $106.41 on Friday. The company has a market cap of $29.46 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 3.10 and a beta of 0.46. Ameren Corporation has a 1 year low of $96.57 and a 1 year high of $118.32. The stock’s 50 day simple moving average is $110.33 and its two-hundred day simple moving average is $110.29. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.53 and a quick ratio of 0.37.
Ameren (NYSE:AEE – Get Free Report) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Research analysts predict that Ameren Corporation will post 5.4 earnings per share for the current year.
Ameren Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a $0.75 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. Ameren’s dividend payout ratio (DPR) is currently 52.82%.
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.
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