Deutsche Bank AG bought a new stake in Ameren Corporation (NYSE:AEE - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,242,735 shares of the utilities provider's stock, valued at approximately $253,519,000. Deutsche Bank AG owned 0.81% of Ameren at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Perigon Wealth Management LLC purchased a new stake in shares of Ameren during the 2nd quarter worth $238,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Ameren in the 2nd quarter valued at about $227,000. Principle Wealth Partners LLC purchased a new position in shares of Ameren in the 2nd quarter valued at about $213,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Ameren in the second quarter valued at about $75,326,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Ameren in the second quarter valued at about $970,000. Hedge funds and other institutional investors own 79.09% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on AEE shares. Wells Fargo & Company reiterated an "overweight" rating and set a $120.00 target price on shares of Ameren in a research report on Tuesday, April 21st. Mizuho raised their price target on Ameren from $122.00 to $124.00 and gave the company an "outperform" rating in a research report on Monday, August 3rd. KeyCorp raised 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. Morgan Stanley boosted their price objective on shares of Ameren from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen cut shares of Ameren from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $121.75.
Check Out Our Latest Stock Analysis on AEE
Insider Buying and Selling
In other news, SVP Theresa A. Shaw sold 325 shares of the company'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 value of $35,402.25. Following the completion of the sale, the senior vice president directly owned 32,340 shares of the company's stock, valued at approximately $3,522,796.20. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. 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 value of $708,240.00. Following the completion of the sale, the insider owned 199,689 shares of the company's stock, valued at $21,758,113.44. This trade represents 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. 0.29% of the stock is currently owned by corporate insiders.
Ameren Stock Performance
Shares of AEE stock opened at $109.75 on Wednesday. The company's fifty day simple moving average is $111.09 and its 200-day simple moving average is $110.15. Ameren Corporation has a 52 week low of $96.57 and a 52 week high of $118.32. 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 company has a market cap of $30.38 billion, a PE ratio of 19.32, a P/E/G ratio of 2.65 and a beta of 0.47.
Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping 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 analysts' expectations of $2.27 billion. During the same quarter in the prior year, the business earned $1.01 EPS. Ameren'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. As a group, equities research analysts anticipate that Ameren Corporation will post 5.39 EPS for the current year.
Ameren Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 8th. Ameren's dividend payout ratio is presently 52.82%.
Ameren Profile
(
Free Report)
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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