Elevation Point Wealth Partners LLC bought a new position in shares of Ameren Corporation (NYSE:AEE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,472 shares of the utilities provider's stock, valued at approximately $1,523,000.
A number of other institutional investors have also modified their holdings of AEE. Keating Financial Advisory Services Inc. purchased a new position in Ameren during the 2nd quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its stake 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 purchasing an additional 197 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Ameren in the fourth quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Ameren by 74.9% in 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 during the last quarter. Finally, Osterweis Capital Management Inc. boosted its stake in shares of Ameren by 6,040.0% during the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider's stock worth $29,000 after buying an additional 302 shares during the period. 79.09% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider Michael L. 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 value of $708,240.00. Following the completion of the transaction, the insider directly owned 199,689 shares of the company's stock, valued at $21,758,113.44. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of Ameren stock in a transaction 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted 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. BMO Capital Markets lowered their target price on Ameren from $121.00 to $119.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 22nd. Truist Financial dropped their target price on Ameren from $124.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, August 17th. 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. Finally, Morgan Stanley decreased their price target on Ameren from $118.00 to $114.00 and set an "equal weight" rating for the company in a report on Friday. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.42.
Check Out Our Latest Report on AEE
Ameren Stock Performance
NYSE:AEE opened at $106.14 on Monday. The firm's fifty day simple moving average is $111.06 and its 200-day simple moving average is $110.25. The company has a quick ratio of 0.37, a current ratio of 0.53 and a debt-to-equity ratio of 1.38. The stock has a market cap of $29.38 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 2.56 and a beta of 0.47. Ameren Corporation has a fifty-two week low of $96.57 and a fifty-two week high of $118.32.
Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The firm had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter last year, the business earned $1.01 earnings per share. The business's revenue for the quarter 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 expect that Ameren Corporation will post 5.4 earnings per share for the current fiscal year.
Ameren Dividend Announcement
The company also recently declared 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. The ex-dividend date is Tuesday, September 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. Ameren's dividend payout ratio is currently 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.
Further Reading
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