Energy Income Partners LLC bought a new stake in shares of Ameren Corporation (NYSE:AEE - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 588,272 shares of the utilities provider's stock, valued at approximately $66,498,000. Energy Income Partners LLC owned about 0.21% of Ameren at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Ameren during the 2nd quarter worth $2,918,526,000. Deutsche Bank AG acquired a new stake in shares of Ameren in the 2nd quarter valued at about $253,519,000. Bank of New York Mellon Corp acquired a new stake in shares of Ameren in the 2nd quarter valued at about $169,224,000. Lazard Asset Management LLC lifted its position in shares of Ameren by 6,051.1% during the fourth quarter. Lazard Asset Management LLC now owns 932,017 shares of the utilities provider's stock worth $93,071,000 after purchasing an additional 916,865 shares during the last quarter. Finally, Clark Capital Management Group Inc. bought a new position in shares of Ameren during the fourth quarter worth about $66,631,000. Institutional investors and hedge funds own 79.09% of the company's stock.
Insider Buying and Selling
In related news, insider Michael L. Moehn sold 6,500 shares of the business'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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Ameren stock in a transaction 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 transaction, the senior vice president 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. 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 company insiders.
Analyst Ratings Changes
AEE has been the subject of several research analyst reports. Mizuho boosted their price objective on Ameren from $122.00 to $124.00 and gave the company an "outperform" rating in a report on Monday, August 3rd. BMO Capital Markets decreased their target price on Ameren from $121.00 to $119.00 and set an "outperform" rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Ameren in a research report on Friday, August 7th. Barclays boosted their price target on Ameren from $116.00 to $117.00 and gave the company an "equal weight" rating in a report on Thursday, July 9th. Finally, KeyCorp upgraded Ameren from a "sector weight" rating to an "overweight" rating and set a $122.00 price objective on the stock in a research note on Thursday, July 23rd. Ten 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 stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.75.
Check Out Our Latest Research Report on AEE
Ameren Stock Performance
Shares of AEE opened at $109.75 on Wednesday. Ameren Corporation has a 1 year low of $96.57 and a 1 year high of $118.32. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. The company has a market cap of $30.38 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 2.65 and a beta of 0.47. The firm has a fifty day moving average of $111.09 and a 200-day moving average of $110.15.
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, beating analysts' consensus estimates of $1.08 by $0.05. The company had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.27 billion. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The business's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities analysts anticipate that Ameren Corporation will post 5.39 earnings per share for the current year.
Ameren Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.00 annualized dividend and a yield of 2.7%. Ameren's dividend payout ratio (DPR) is presently 52.82%.
About Ameren
(
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.
See Also
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