Bank of Nova Scotia Buys New Position in Ameren Corporation $AEE

Key Points

• Bank of Nova Scotia bought 29,086 Ameren shares during the second quarter, valued at approximately $3.29 million. Institutional investors collectively own 79.09% of Ameren.
• Ameren beat quarterly earnings expectations, reporting $1.13 EPS versus the $1.08 consensus, although revenue fell 5.8% year over year to $2.09 billion. The company maintained 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 2.8% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $121.42.

Bank of Nova Scotia purchased a new position in Ameren Corporation (NYSE:AEE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 29,086 shares of the utilities provider's stock, valued at approximately $3,288,000.

Several other institutional investors and hedge funds have also modified their holdings of AEE. Keating Financial Advisory Services Inc. purchased a new position in shares of Ameren during the 2nd quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in Ameren by 285.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider's stock worth $28,000 after buying an additional 197 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in Ameren in the 4th quarter worth $29,000. Osterweis Capital Management Inc. increased its stake in Ameren by 6,040.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider's stock worth $29,000 after buying an additional 302 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings 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 acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 79.09% of the company's stock.

Insider Buying and Selling

In other Ameren news, 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 value of $708,240.00. Following the sale, the insider owned 199,689 shares of the company's stock, valued at $21,758,113.44. The trade was a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $108.93, for a total value of $35,402.25. Following the sale, the senior vice president directly owned 32,340 shares in the company, valued at $3,522,796.20. This trade represents a 0.99% 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. Insiders own 0.29% of the company's stock.

Ameren Stock Down 0.2%

Shares of AEE stock opened at $106.94 on Wednesday. The company's fifty day simple moving average is $110.94 and its two-hundred day simple moving average is $110.29. 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 $29.61 billion, a P/E ratio of 18.83, a PEG ratio of 2.59 and a beta of 0.47. 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 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. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the business posted $1.01 earnings per share. The business's quarterly 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. Analysts predict that Ameren Corporation will post 5.4 EPS for the current fiscal year.

Ameren Dividend Announcement

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 issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 8th. Ameren's dividend payout ratio (DPR) is currently 52.82%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Ameren from $126.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. KeyCorp raised Ameren from a "sector weight" rating to an "overweight" rating and set a $122.00 target price on the stock in a research note on Thursday, July 23rd. Wall Street Zen cut Ameren from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. BTIG Research set a $126.00 price target on Ameren in a research note on Thursday, July 23rd. Finally, Mizuho upped their price target on Ameren from $122.00 to $124.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $121.42.

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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