iA Global Asset Management Inc. Acquires New Shares in Ameren Corporation $AEE

iA Global Asset Management Inc. bought a new stake in shares of Ameren Corporation (NYSE:AEEFree Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,187 shares of the utilities provider’s stock, valued at approximately $900,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Caitong International Asset Management Co. Ltd lifted its stake in Ameren by 285.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 197 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in shares of Ameren in the fourth quarter worth approximately $29,000. Osterweis Capital Management Inc. grew its stake 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 acquiring an additional 302 shares during the period. Sound Income Strategies LLC raised its holdings in shares of Ameren by 6,080.0% during the fourth quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 304 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Ameren by 45.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 349 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.

Analyst Upgrades and Downgrades

AEE has been the topic of several research reports. BTIG Research started coverage on shares of Ameren in a report on Thursday, April 9th. They issued a “buy” rating and a $131.00 target price on the stock. Barclays boosted their target price on shares of Ameren from $104.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Morgan Stanley set a $115.00 price target on Ameren in a report on Wednesday, June 24th. Truist Financial dropped their price target on Ameren from $126.00 to $121.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Argus lifted their price objective on Ameren from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.42.

Check Out Our Latest Report on AEE

Ameren Stock Performance

AEE opened at $114.97 on Friday. The company’s 50 day moving average is $110.07 and its 200 day moving average is $107.82. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The company has a market cap of $31.82 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.25 and a beta of 0.47. Ameren Corporation has a 12-month low of $94.20 and a 12-month high of $118.32.

Ameren (NYSE:AEEGet Free Report) last announced 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 net margin of 17.17% and a return on equity of 10.94%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the company 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 predict that Ameren Corporation will post 5.38 EPS for the current year.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 9th. Ameren’s payout ratio is currently 53.96%.

Insider Buying and Selling

In other news, SVP Theresa A. Shaw sold 325 shares of the firm’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 transaction, the senior vice president owned 32,618 shares of the company’s stock, valued at $3,557,971.44. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by insiders.

Ameren Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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