Engineers Gate Manager LP Sells 19,887 Shares of Ameren Corporation $AEE

Key Points

• Engineers Gate Manager LP reduced its Ameren stake by 42.6%, selling 19,887 shares during the second quarter and retaining 26,743 shares worth approximately $3.02 million. Institutional investors collectively own 79.09% of Ameren.
• Analyst sentiment remains favorable, with Ameren receiving a consensus “Moderate Buy” rating and an average price target of $121.42; ratings include ten Buys and three Holds.
• Ameren beat quarterly EPS expectations with $1.13 per share versus the $1.08 consensus, despite a 5.8% year-over-year revenue decline. The company also declared a quarterly dividend of $0.75 per share, representing a 2.9% yield.

Engineers Gate Manager LP trimmed its position in Ameren Corporation (NYSE:AEE - Free Report) by 42.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,743 shares of the utilities provider's stock after selling 19,887 shares during the quarter. Engineers Gate Manager LP's holdings in Ameren were worth $3,023,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Droms Strauss Advisors Inc. MO ADV increased its holdings in Ameren by 2.2% during the 1st quarter. Droms Strauss Advisors Inc. MO ADV now owns 4,162 shares of the utilities provider's stock worth $457,000 after acquiring an additional 90 shares during the period. Fortitude Advisory Group L.L.C. grew its position in shares of Ameren by 4.3% during the 1st quarter. Fortitude Advisory Group L.L.C. now owns 2,269 shares of the utilities provider's stock valued at $249,000 after purchasing an additional 93 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Ameren by 1.6% in the first quarter. Parallel Advisors LLC now owns 5,746 shares of the utilities provider's stock worth $632,000 after purchasing an additional 93 shares during the period. Cidel Asset Management Inc. increased its holdings in shares of Ameren by 5.1% in the second quarter. Cidel Asset Management Inc. now owns 1,990 shares of the utilities provider's stock worth $225,000 after purchasing an additional 96 shares during the period. Finally, GHP Investment Advisors Inc. raised its position in shares of Ameren by 19.4% in the first quarter. GHP Investment Advisors Inc. now owns 602 shares of the utilities provider's stock worth $66,000 after buying an additional 98 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AEE has been the subject of several research analyst reports. Barclays lifted their price objective on Ameren from $116.00 to $117.00 and gave the company an "equal weight" rating in a research note on Thursday, July 9th. KeyCorp upgraded 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. Truist Financial lowered their price target on Ameren from $124.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, August 17th. Wall Street Zen downgraded Ameren from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Finally, Mizuho boosted their price objective on Ameren from $122.00 to $124.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $121.42.

Ameren Price Performance

AEE opened at $104.99 on Monday. The stock has a 50-day moving average price of $109.33 and a 200-day moving average price of $110.11. Ameren Corporation has a 12-month low of $96.57 and a 12-month 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 stock has a market capitalization of $29.06 billion, a P/E ratio of 18.48, a PEG ratio of 3.07 and a beta of 0.46.

Ameren (NYSE:AEE - Get Free Report) last announced 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. 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%.Ameren's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the firm posted $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 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 dividend yield of 2.9%. Ameren's dividend payout ratio (DPR) is 52.82%.

Insider Buying and Selling

In related news, SVP Theresa A. Shaw sold 325 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the transaction, the senior vice president owned 32,340 shares of the company's stock, valued at approximately $3,522,796.20. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Ameren stock in a transaction 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 completion of the transaction, the insider owned 199,689 shares in the company, valued at approximately $21,758,113.44. The trade was a 3.15% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company's stock.

About Ameren

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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