Wall Street Zen upgraded shares of Ameren (NYSE:AEE – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.
AEE has been the subject of several other reports. Barclays raised their target price on shares of Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Truist Financial upped their price target on shares of Ameren from $121.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their price target on shares of Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. KeyCorp raised shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a research report on Thursday. Finally, Wells Fargo & Company restated an “overweight” rating and set a $120.00 price objective on shares of Ameren in a research note on Tuesday, April 21st. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $121.50.
Get Our Latest Research Report on AEE
Ameren Stock Performance
Ameren (NYSE:AEE – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.24 billion. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Analysts predict that Ameren will post 5.39 earnings per share for the current fiscal year.
Ameren Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, June 9th. Ameren’s dividend payout ratio is 53.96%.
Insiders Place Their Bets
In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $109.08, for a total transaction 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 trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.
Hedge Funds Weigh In On Ameren
Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of Ameren by 285.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after buying an additional 197 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Ameren in the 4th quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. grew its stake in Ameren by 74.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock valued at $33,000 after buying an additional 125 shares during the last quarter. Osterweis Capital Management Inc. raised its holdings in Ameren by 6,040.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 302 shares during the period. Finally, Sound Income Strategies LLC raised its holdings in Ameren by 6,080.0% in the 4th quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 304 shares during the period. 79.09% of the stock is currently owned by institutional investors and hedge funds.
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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