Allworth Financial LP Buys Shares of 41,002 Ameren Corporation $AEE

Key Points

• Allworth Financial acquired 41,002 Ameren shares in the second quarter, worth approximately $4.64 million. Institutional investors collectively own 79.09% of Ameren’s outstanding stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $121.75, compared with the stock’s reported price of $108.88.
• Ameren exceeded quarterly EPS expectations, reporting $1.13 versus the $1.08 consensus estimate, although revenue fell 5.8% year over year. The company declared a quarterly dividend of $0.75 per share, equivalent to a 2.8% annualized yield.

Allworth Financial LP acquired a new position in Ameren Corporation (NYSE:AEE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,002 shares of the utilities provider's stock, valued at approximately $4,635,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Droms Strauss Advisors Inc. MO ADV boosted its position in Ameren by 2.2% in the first quarter. Droms Strauss Advisors Inc. MO ADV now owns 4,162 shares of the utilities provider's stock valued at $457,000 after buying an additional 90 shares during the last quarter. Fortitude Advisory Group L.L.C. lifted its stake in Ameren by 4.3% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 2,269 shares of the utilities provider's stock valued at $249,000 after acquiring an additional 93 shares during the period. Parallel Advisors LLC lifted its stake in Ameren by 1.6% during the 1st quarter. Parallel Advisors LLC now owns 5,746 shares of the utilities provider's stock valued at $632,000 after acquiring an additional 93 shares during the period. GHP Investment Advisors Inc. boosted its holdings in shares of Ameren by 19.4% in the 1st quarter. GHP Investment Advisors Inc. now owns 602 shares of the utilities provider's stock valued at $66,000 after acquiring an additional 98 shares during the last quarter. Finally, Segment Wealth Management LLC boosted its holdings in shares of Ameren by 3.5% in the 4th quarter. Segment Wealth Management LLC now owns 3,045 shares of the utilities provider's stock valued at $304,000 after acquiring an additional 104 shares during the last quarter. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEE has been the topic of several analyst reports. Wall Street Zen downgraded Ameren from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Morgan Stanley boosted their price objective on Ameren from $115.00 to $118.00 and gave the company an "equal weight" rating in a report on Wednesday, July 22nd. Weiss Ratings restated a "buy (b)" rating on shares of Ameren in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their target price on Ameren from $126.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Finally, BMO Capital Markets reduced 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. Ten investment 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $121.75.

Insiders Place Their Bets

In other Ameren news, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $108.96, for a total transaction of $708,240.00. Following the sale, the insider directly owned 199,689 shares in the company, valued at $21,758,113.44. This represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $108.93, for a total value 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. The trade was a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by corporate insiders.

Ameren Trading Down 0.4%

Shares of AEE opened at $108.88 on Friday. Ameren Corporation has a 52-week low of $96.57 and a 52-week high of $118.32. The stock has a market cap of $30.14 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 2.64 and a beta of 0.47. The firm's fifty day moving average is $111.11 and its two-hundred day moving average is $110.23. The company has a quick ratio of 0.37, a current ratio of 0.53 and a debt-to-equity ratio of 1.38.

Ameren (NYSE:AEE - Get Free Report) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The company had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same period in the prior year, the business earned $1.01 EPS. The firm's quarterly revenue was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Research analysts forecast that Ameren Corporation will post 5.4 earnings per share for the current fiscal year.

Ameren Announces Dividend

The company also recently declared 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 2.8%. The ex-dividend date is Tuesday, September 8th. Ameren's dividend payout ratio is 52.82%.

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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