Bank of New York Mellon Corp Buys New Stake in Ameren Corporation $AEE

Key Points

• Bank of New York Mellon bought 1.50 million Ameren shares worth approximately $169.2 million, giving it a 0.54% stake. Institutional investors collectively own 79.09% of the utility.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $121.42, despite several recent target-price reductions and one downgrade to “sell.”
• Ameren reported quarterly EPS of $1.13, beating estimates, though revenue fell 5.8% year over year. The company declared a $0.75 quarterly dividend, equivalent to a 2.8% annualized yield.

Bank of New York Mellon Corp purchased a new position in shares of Ameren Corporation (NYSE:AEE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,497,031 shares of the utilities provider's stock, valued at approximately $169,224,000. Bank of New York Mellon Corp owned about 0.54% of Ameren at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in Ameren by 285.5% in the third 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 purchased a new position in Ameren in the fourth quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. lifted its position in Ameren by 74.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider's stock valued at $33,000 after buying an additional 125 shares in the last quarter. Osterweis Capital Management Inc. lifted its holdings in shares of Ameren by 6,040.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider's stock valued at $29,000 after acquiring an additional 302 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new stake in shares of Ameren in the first quarter worth about $36,000. Institutional investors and hedge funds own 79.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AEE shares. Morgan Stanley reduced their target price on shares of Ameren from $118.00 to $114.00 and set an "equal weight" rating on the stock in a research report on Friday. BMO Capital Markets cut their price objective 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. Wall Street Zen cut Ameren from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. KeyCorp upgraded Ameren from a "sector weight" rating to an "overweight" rating and set a $122.00 price target for the company in a research note on Thursday, July 23rd. Finally, BTIG Research set a $126.00 target price on shares of Ameren in a research note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.42.

Insider Activity at Ameren

In related news, SVP Theresa A. Shaw sold 325 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were 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 directly owned 32,340 shares in the company, valued at approximately $3,522,796.20. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 Ameren 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 approximately $21,758,113.44. This trade represents a 3.15% decrease in their position. 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 Stock Down 2.4%

Shares of Ameren stock opened at $106.14 on Friday. The business's fifty day moving average price is $111.06 and its two-hundred day moving average price is $110.20. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.53 and a quick ratio of 0.37. The company has a market capitalization of $29.38 billion, a P/E ratio of 18.69, a PEG ratio of 2.56 and a beta of 0.47. Ameren Corporation has a 1-year low of $96.57 and a 1-year high of $118.32.

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

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 8th. Ameren's payout ratio is presently 52.82%.

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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