Ameren Corporation (NYSE:AEE – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $115.58 and last traded at $115.4330, with a volume of 1031939 shares trading hands. The stock had previously closed at $114.53.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Morgan Stanley set a $115.00 price objective on Ameren in a research report on Wednesday. Weiss Ratings raised Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. upgraded Ameren from a “neutral” rating to an “overweight” rating and raised their price target for the company from $120.00 to $126.00 in a report on Thursday, May 21st. BTIG Research started coverage on Ameren in a research report on Thursday, April 9th. They issued a “buy” rating and a $131.00 price target for the company. Finally, Argus lifted their price target on Ameren from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.42.
Check Out Our Latest Research Report on Ameren
Ameren Price Performance
Ameren (NYSE:AEE – Get Free Report) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company earned $1.07 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, analysts predict that Ameren Corporation will post 5.38 EPS for the current year.
Ameren Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, June 9th. Ameren’s dividend payout ratio (DPR) is presently 53.96%.
Insider Buying and Selling
In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president owned 32,618 shares of the company’s stock, valued at approximately $3,557,971.44. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.
Institutional Trading of Ameren
A number of institutional investors have recently made changes to their positions in AEE. Lazard Asset Management LLC grew its stake in shares of Ameren by 6,051.1% in the fourth quarter. Lazard Asset Management LLC now owns 932,017 shares of the utilities provider’s stock worth $93,071,000 after acquiring an additional 916,865 shares during the period. Clark Capital Management Group Inc. bought a new position in Ameren during the fourth quarter valued at approximately $66,631,000. Aventail Capital Group LP purchased a new stake in Ameren in the fourth quarter worth approximately $66,546,000. Mizuho Markets Americas LLC boosted its holdings in Ameren by 112.0% in the fourth quarter. Mizuho Markets Americas LLC now owns 70,000 shares of the utilities provider’s stock worth $6,990,000 after purchasing an additional 655,199 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Ameren by 11.5% in the 1st quarter. Janus Henderson Group PLC now owns 5,377,156 shares of the utilities provider’s stock worth $591,056,000 after purchasing an additional 553,164 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.
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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