NEOS Investment Management LLC grew its stake in shares of Ameren Corporation (NYSE:AEE – Free Report) by 17.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,142 shares of the utilities provider’s stock after buying an additional 6,585 shares during the period. NEOS Investment Management LLC’s holdings in Ameren were worth $5,103,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Keating Financial Advisory Services Inc. bought a new stake in Ameren during the 2nd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in Ameren by 285.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 197 shares during the period. Osterweis Capital Management Inc. grew its position in shares of Ameren by 6,040.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 302 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Ameren during the 4th quarter valued at $29,000. Finally, Continuum Advisory LLC bought a new position in shares of Ameren in the second quarter worth $30,000. 79.09% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on AEE shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a research report on Friday, August 7th. KeyCorp upgraded Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 target price on the stock in a research note on Thursday, July 23rd. Barclays raised their price target on Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Truist Financial cut their price objective on Ameren from $124.00 to $120.00 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, Morgan Stanley decreased their price objective on shares of Ameren from $118.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on 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 business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $108.96, for a total value of $708,240.00. Following the completion of the sale, the insider directly owned 199,689 shares of the company’s stock, valued at $21,758,113.44. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 dated Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the sale, the senior vice president owned 32,340 shares of the company’s stock, valued at approximately $3,522,796.20. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by company insiders.
Ameren Price Performance
Shares of Ameren stock opened at $106.34 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $29.44 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.46. The business’s 50-day moving average price is $110.13 and its 200-day moving average price is $110.25. Ameren Corporation has a 12 month low of $96.57 and a 12 month high of $118.32.
Ameren (NYSE:AEE – Get Free Report) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.27 billion. Ameren had a return on equity of 10.95% and a net margin of 17.86%.Ameren’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Sell-side analysts forecast that Ameren Corporation will post 5.4 EPS for the current fiscal year.
Ameren Dividend Announcement
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 of this dividend is Tuesday, September 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. Ameren’s dividend payout ratio is 52.82%.
Ameren Company Profile
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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