25,818,527 Shares in Ameren Corporation $AEE Acquired by BlackRock Inc.

BlackRock Inc. bought a new position in shares of Ameren Corporation (NYSE:AEE - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 25,818,527 shares of the utilities provider's stock, valued at approximately $2,918,526,000. BlackRock Inc. owned approximately 9.33% of Ameren as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 acquiring an additional 197 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Ameren during the fourth quarter worth $29,000. Osterweis Capital Management Inc. raised its position in shares of Ameren by 6,040.0% in the 2nd 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. increased its holdings in Ameren by 74.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider's stock worth $33,000 after purchasing an additional 125 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Ameren by 45.4% during the 4th 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. 79.09% of the stock is owned by institutional investors.

Ameren Price Performance

AEE opened at $109.75 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.53 and a quick ratio of 0.37. Ameren Corporation has a 1 year low of $96.57 and a 1 year high of $118.32. The firm has a market cap of $30.38 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.65 and a beta of 0.47. The stock's 50 day simple moving average is $111.09 and its 200 day simple moving average is $110.15.

Ameren (NYSE:AEE - Get Free Report) last posted 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 analyst estimates of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. Ameren's revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, analysts predict that Ameren Corporation will post 5.39 earnings per share for the current year.

Ameren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, September 8th. Ameren's dividend payout ratio (DPR) is currently 52.82%.

Insider Activity at Ameren

In related news, SVP Theresa A. Shaw sold 325 shares of the company's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $108.93, for a total transaction of $35,402.25. Following the completion of the sale, the senior vice president owned 32,340 shares in the company, valued at approximately $3,522,796.20. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction that occurred on 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 in the company, valued at $21,758,113.44. The trade was a 3.15% 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 owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AEE. Morgan Stanley increased their target price on Ameren from $115.00 to $118.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 22nd. BMO Capital Markets decreased their price target on Ameren from $121.00 to $119.00 and set an "outperform" rating for the company in a research report on Wednesday, July 22nd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $120.00 price objective on shares of Ameren in a research report on Tuesday, April 21st. Mizuho upped their price target on Ameren from $122.00 to $124.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. Finally, Wall Street Zen downgraded shares of Ameren from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Ameren has a consensus rating of "Moderate Buy" and a consensus target price of $121.75.

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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