Amundi Trims Position in Ameren Corporation $AEE

Key Points

• Amundi cut its Ameren position by 42.5% in the second quarter, selling 390,677 shares and retaining 528,672 shares valued at approximately $59.8 million. Institutional investors collectively own 79.09% of Ameren.
• Analyst sentiment remains favorable, with 10 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $121.42, above the reported $105.15 share price.
• Ameren exceeded quarterly EPS expectations, reporting $1.13 versus the $1.08 consensus, while revenue fell 5.8% year over year. The company declared a quarterly dividend of $0.75, equivalent to a $3.00 annual payout and a 2.9% yield.

Amundi decreased its position in shares of Ameren Corporation (NYSE:AEE - Free Report) by 42.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 528,672 shares of the utilities provider's stock after selling 390,677 shares during the quarter. Amundi owned approximately 0.19% of Ameren worth $59,761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System grew its stake in shares of Ameren by 11,497.8% in the 2nd quarter. California State Teachers Retirement System now owns 36,403,854 shares of the utilities provider's stock valued at $4,115,092,000 after buying an additional 36,089,967 shares during the period. BlackRock Inc. purchased a new stake in shares of Ameren during the 2nd quarter valued at approximately $2,918,526,000. Jupiter Topco LLC purchased a new stake in shares of Ameren during the 2nd quarter valued at approximately $578,254,000. Deutsche Bank AG purchased a new stake in shares of Ameren during the 2nd quarter valued at approximately $253,519,000. Finally, Bank of America Corp DE acquired a new position in Ameren in the second quarter valued at approximately $245,881,000. Hedge funds and other institutional investors own 79.09% of the company's stock.

Insider Activity

In other news, SVP Theresa Shaw sold 325 shares of the business's stock in a transaction dated 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 transaction, the senior vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Moehn sold 6,500 shares of the company's 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 sale, 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. Company insiders own 0.29% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AEE shares. JPMorgan Chase & Co. increased their price objective on Ameren from $126.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Morgan Stanley reduced their target price on Ameren from $118.00 to $114.00 and set an "equal weight" rating on the stock in a research report on Friday, August 21st. BMO Capital Markets decreased their price target on Ameren from $121.00 to $119.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 22nd. BTIG Research set a $126.00 price target on Ameren in a report on Thursday, July 23rd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Ameren in a research report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Ameren has an average rating of "Moderate Buy" and an average price target of $121.42.

Ameren Trading Down 1.0%

Shares of NYSE AEE opened at $105.15 on Friday. 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 stock has a market capitalization of $29.11 billion, a PE ratio of 18.51, a PEG ratio of 3.11 and a beta of 0.46. Ameren Corporation has a twelve month low of $96.57 and a twelve month high of $118.32. The stock has a fifty day simple moving average of $109.52 and a 200-day simple moving average of $110.15.

Ameren (NYSE:AEE - Get Free Report) last announced its 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 during the quarter, compared to analysts' expectations of $2.27 billion. Ameren had a return on equity of 10.95% and a net margin of 17.86%.Ameren's revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the business posted $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities analysts forecast that Ameren Corporation will post 5.4 earnings per share for the current year.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given 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 yield of 2.9%. Ameren's dividend payout ratio (DPR) is currently 52.82%.

Ameren Company Profile

Ameren Corporation NYSE: AEE is a regulated electric and natural gas utility holding company headquartered in St. Louis, Missouri. Through its operating companies, Ameren provides energy generation, transmission, distribution and related services to customers in Missouri and Illinois.

Ameren Missouri operates an integrated electric utility serving communities across Missouri and also provides natural gas distribution services in parts of the state. Ameren Illinois operates electric and natural gas distribution businesses serving customers throughout much of Illinois.

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