Horizon Investment Services LLC Invests $2.14 Million in Ameren Corporation $AEE

Horizon Investment Services LLC bought a new position in shares of Ameren Corporation (NYSE:AEEFree Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 18,939 shares of the utilities provider’s stock, valued at approximately $2,141,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its holdings 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 worth $28,000 after buying an additional 197 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in shares of Ameren in the fourth quarter worth approximately $29,000. Osterweis Capital Management Inc. increased its position 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 in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Ameren by 74.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 125 shares during the period. 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 acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.

Analyst Upgrades and Downgrades

AEE has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Truist Financial boosted their target price on shares of Ameren from $121.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Wall Street Zen lowered Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $120.00 target price on shares of Ameren in a research report on Tuesday, April 21st. Finally, BMO Capital Markets lowered their price target on Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ameren presently has an average rating of “Moderate Buy” and an average target price of $122.08.

Check Out Our Latest Stock Analysis on Ameren

Ameren Trading Down 0.0%

Ameren stock opened at $109.72 on Monday. Ameren Corporation has a one year low of $96.57 and a one year high of $118.32. The company’s fifty day moving average price is $111.01 and its two-hundred day moving average price is $110.07. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.53 and a quick ratio of 0.37. The company has a market capitalization of $30.37 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.65 and a beta of 0.47.

Ameren (NYSE:AEEGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, analysts forecast that Ameren Corporation will post 5.39 earnings per share for the current fiscal year.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.7%. Ameren’s payout ratio is presently 52.82%.

Insider Activity at Ameren

In related news, insider Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $108.96, for a total transaction of $708,240.00. Following the completion of the transaction, the insider owned 199,689 shares of the company’s stock, valued at approximately $21,758,113.44. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

About Ameren

(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.

Further Reading

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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