California State Teachers Retirement System Boosts Holdings in Ameren Corporation $AEE

Key Points

• California State Teachers Retirement System increased its Ameren stake by 11,497.8% in the second quarter, holding 36.4 million shares worth approximately $4.12 billion, or 13.15% of the company.
• Analysts maintain a favorable outlook, with 10 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $121.42.
• Ameren reported quarterly EPS of $1.13, exceeding estimates of $1.08, and declared a quarterly dividend of $0.75 per share, equating to a 2.8% annualized yield.

California State Teachers Retirement System lifted its holdings in Ameren Corporation (NYSE:AEE - Free Report) by 11,497.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,403,854 shares of the utilities provider's stock after purchasing an additional 36,089,967 shares during the period. California State Teachers Retirement System owned approximately 13.15% of Ameren worth $4,115,092,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AEE. Keating Financial Advisory Services Inc. acquired a new stake in Ameren during the 2nd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $28,000 after buying an additional 197 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in shares of Ameren in the fourth quarter worth $29,000. Osterweis Capital Management Inc. grew its stake in shares of Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider's stock worth $29,000 after acquiring an additional 302 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new stake in shares of Ameren during the second quarter worth $30,000. 79.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AEE. Truist Financial reduced their price objective on Ameren from $124.00 to $120.00 and set a "buy" rating on the stock in a research note on Monday, August 17th. BMO Capital Markets lowered their target price on Ameren from $121.00 to $119.00 and set an "outperform" rating for the company in a research note on Wednesday, July 22nd. Mizuho upped their price target on Ameren from $122.00 to $124.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their price target on Ameren from $126.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Finally, KeyCorp raised Ameren from a "sector weight" rating to an "overweight" rating and set a $122.00 price target on the stock in a research report on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $121.42.

Insider Transactions at Ameren

In other news, insider Michael Moehn sold 6,500 shares of the company's stock in a transaction dated 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 directly owned 199,689 shares of the company's stock, valued at approximately $21,758,113.44. This represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa Shaw sold 325 shares of the stock in a transaction dated 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 transaction, 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 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 insiders.

Ameren Trading Down 0.5%

Shares of NYSE:AEE opened at $106.23 on Thursday. Ameren Corporation has a 52 week low of $96.57 and a 52 week high of $118.32. The company's 50 day moving average is $109.72 and its two-hundred day moving average is $110.19. The company has a market cap of $29.41 billion, a PE ratio of 18.70, a P/E/G ratio of 3.12 and a beta of 0.46. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38.

Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.05. The business had revenue of $2.09 billion during 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 for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities analysts predict that Ameren Corporation will post 5.4 earnings per share for the current fiscal year.

Ameren Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ameren's payout ratio is 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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