Allstate Corp Acquires 9,809 Shares of Ameren Corporation $AEE

Key Points

• Allstate Corp nearly doubled its Ameren stake in the fourth quarter, buying 9,809 additional shares and bringing its total holding to 19,872 shares worth about $1.98 million.
• Analyst sentiment on Ameren is mostly positive, with a Moderate Buy consensus and a price target of $117.54, though some firms recently adjusted ratings and targets in both directions.
• Ameren reported better-than-expected quarterly EPS of $1.28 and maintained a quarterly dividend of $0.75 per share, implying a 2.8% yield.

Allstate Corp lifted its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 97.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,872 shares of the utilities provider's stock after purchasing an additional 9,809 shares during the period. Allstate Corp's holdings in Ameren were worth $1,984,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AEE. JPMorgan Chase & Co. raised its position in Ameren by 68.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,080,775 shares of the utilities provider's stock worth $425,951,000 after purchasing an additional 1,661,019 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in Ameren by 104,698.0% in the third quarter. ANTIPODES PARTNERS Ltd now owns 1,370,758 shares of the utilities provider's stock valued at $143,091,000 after acquiring an additional 1,369,450 shares during the last quarter. Homestead Advisers Corp bought a new position in Ameren in the third quarter valued at about $76,614,000. Mizuho Markets Americas LLC boosted its holdings in Ameren by 112.0% in the fourth quarter. Mizuho Markets Americas LLC now owns 70,000 shares of the utilities provider's stock valued at $6,990,000 after acquiring an additional 655,199 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Ameren by 9,966.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 518,725 shares of the utilities provider's stock valued at $51,800,000 after acquiring an additional 513,572 shares during the last quarter. Institutional investors own 79.09% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AEE. Wall Street Zen lowered shares of Ameren from a "hold" rating to a "sell" rating in a report on Monday. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $120.00 price objective on shares of Ameren in a research note on Tuesday, April 21st. Truist Financial reduced their price target on Ameren from $126.00 to $121.00 and set a "buy" rating on the stock in a research report on Monday, May 18th. JPMorgan Chase & Co. upgraded Ameren from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $120.00 to $126.00 in a research report on Thursday, May 21st. Finally, Barclays raised their price target on Ameren from $104.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 15th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Ameren currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.54.

Insider Buying and Selling at Ameren

In other news, SVP Theresa A. Shaw sold 1,500 shares of Ameren stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total transaction of $164,025.00. Following the transaction, the senior vice president owned 32,943 shares in the company, valued at $3,602,317.05. The trade was a 4.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by company insiders.

Ameren Trading Down 2.0%

Shares of NYSE AEE opened at $108.88 on Friday. The stock has a market cap of $30.13 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 2.23 and a beta of 0.50. Ameren Corporation has a twelve month low of $93.50 and a twelve month high of $115.58. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 1.39. The company's fifty day moving average is $110.34 and its 200-day moving average is $106.56.

Ameren (NYSE:AEE - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.17 by $0.11. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business posted $1.07 EPS. The firm's revenue was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities research analysts predict that Ameren Corporation will post 5.36 EPS for the current year.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, June 9th. Ameren's payout ratio is 53.96%.

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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