Freestone Grove Partners LP Takes $1.53 Million Position in Ameren Corporation $AEE

Key Points

• Freestone Grove Partners initiated a $1.53 million position in Ameren during the second quarter, buying 13,548 shares. Institutional investors collectively own 79.09% of the utility’s stock.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $121.42, despite one recent downgrade to “sell.” Ameren reported quarterly EPS of $1.13, beating estimates, though revenue fell 5.8% year over year.
• Ameren declared a quarterly dividend of $0.75, equivalent to $3.00 annually and a 2.8% yield. The stock opened at $106.07, below its 12-month high of $118.32.

Freestone Grove Partners LP acquired a new position in Ameren Corporation (NYSE:AEE - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,548 shares of the utilities provider's stock, valued at approximately $1,531,000.

Several other large investors have also recently modified their holdings of AEE. Caisse de depot et placement du Quebec purchased a new stake in Ameren during the second quarter valued at approximately $62,247,000. Man Group plc purchased a new position in Ameren in the second quarter worth $4,488,000. Jupiter Topco LLC acquired a new position in shares of Ameren during the second quarter worth $578,254,000. Hsbc Holdings PLC acquired a new position in shares of Ameren during the second quarter worth $54,507,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Ameren during the second quarter worth $1,029,000. Institutional investors own 79.09% of the company's stock.

Wall Street Analysts Forecast Growth

AEE has been the subject of a number of recent analyst reports. Mizuho raised their price objective on Ameren from $122.00 to $124.00 and gave the stock 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 target price on the stock in a research report on Thursday, July 23rd. Wall Street Zen lowered Ameren from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. 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 note on Thursday, July 16th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Ameren in a report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $121.42.

Ameren Trading Down 0.6%

NYSE:AEE opened at $106.07 on Friday. Ameren Corporation has a 12 month low of $96.57 and a 12 month high of $118.32. The firm has a fifty day simple moving average of $110.83 and a 200-day simple moving average of $110.29. 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 capitalization of $29.36 billion, a P/E ratio of 18.67, a PEG ratio of 2.56 and a beta of 0.47.

Ameren (NYSE:AEE - Get Free Report) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.27 billion. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The firm's revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities research analysts anticipate that Ameren Corporation will post 5.4 earnings per share for the current year.

Ameren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a $0.75 dividend. The ex-dividend date of this dividend 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%.

Insider Transactions at Ameren

In other news, SVP Theresa A. Shaw sold 325 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was 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 directly owned 32,340 shares in the company, valued at $3,522,796.20. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the firm's stock in a transaction dated 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 owned 199,689 shares of the company's stock, valued at approximately $21,758,113.44. The trade was a 3.15% 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. 0.29% of the stock is currently owned by corporate insiders.

About Ameren

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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