Bank of America Corp DE Invests $245.88 Million in Ameren Corporation $AEE

Key Points

• Bank of America acquired 2.18 million Ameren shares worth approximately $245.9 million, representing about 0.79% of the utility. Institutional investors collectively own 79.09% of Ameren.
• Ameren reported quarterly EPS of $1.13, beating estimates of $1.08, although revenue fell 5.8% year over year to $2.09 billion. The company provided fiscal 2026 EPS guidance of $5.25–$5.45.
• Ameren declared a quarterly dividend of $0.75 per share, equivalent to a $3.00 annualized payout and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $121.42.

Bank of America Corp DE acquired a new stake in Ameren Corporation (NYSE:AEE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,175,165 shares of the utilities provider's stock, valued at approximately $245,881,000. Bank of America Corp DE owned about 0.79% of Ameren at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Ameren in the second quarter valued at $2,918,526,000. T. Rowe Price Investment Management Inc. boosted its stake in Ameren by 2.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,885,476 shares of the utilities provider's stock worth $1,586,324,000 after purchasing an additional 362,052 shares during the period. Janus Henderson Group PLC boosted its stake in Ameren by 11.5% in the 1st quarter. Janus Henderson Group PLC now owns 5,377,156 shares of the utilities provider's stock worth $591,056,000 after purchasing an additional 553,164 shares during the period. Jupiter Topco LLC purchased a new position in Ameren during the 2nd quarter valued at about $578,254,000. Finally, Bessemer Group Inc. grew its holdings in Ameren by 0.7% during the 1st quarter. Bessemer Group Inc. now owns 2,758,605 shares of the utilities provider's stock valued at $303,227,000 after buying an additional 18,526 shares in the last quarter. 79.09% of the stock is owned by institutional investors.

Ameren Stock Performance

NYSE:AEE opened at $103.08 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. Ameren Corporation has a fifty-two week low of $96.57 and a fifty-two week high of $118.32. The firm has a market cap of $28.54 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 3.01 and a beta of 0.46. The business has a 50 day moving average price of $108.71 and a 200-day moving average price of $109.94.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the business earned $1.01 EPS. Ameren's revenue was down 5.8% 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 5.4 earnings per share for the current year.

Ameren Announces Dividend

The firm also recently declared 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 is Tuesday, September 8th. This represents a $3.00 annualized dividend and a dividend yield of 2.9%. Ameren's payout ratio is currently 52.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Ameren in a report on Friday, August 7th. Mizuho boosted their price objective on shares of Ameren from $122.00 to $124.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. BMO Capital Markets decreased their target price on shares of Ameren from $121.00 to $119.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. Barclays increased their target price on shares of Ameren from $116.00 to $117.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Ameren from $126.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $121.42.

Insider Activity

In other news, SVP Theresa Shaw sold 325 shares of the firm'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 $3,522,796.20. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Moehn sold 6,500 shares of the firm'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 completion of the sale, the insider owned 199,689 shares in the company, valued at $21,758,113.44. This represents a 3.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,073 shares of company stock valued at $769,814 over the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

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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