Korea Investment CORP bought a new position in Ameren Corporation (NYSE:AEE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 158,803 shares of the utilities provider's stock, valued at approximately $17,951,000. Korea Investment CORP owned 0.06% of Ameren at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Ameren in the 2nd quarter worth about $2,918,526,000. Deutsche Bank AG acquired a new position in shares of Ameren in the 2nd quarter valued at about $253,519,000. Bank of New York Mellon Corp purchased a new stake in shares of Ameren during the 2nd quarter worth about $169,224,000. Lazard Asset Management LLC grew its holdings in shares of Ameren by 6,051.1% during the 4th 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 period. Finally, Clark Capital Management Group Inc. acquired a new stake in Ameren during the 4th quarter worth approximately $66,631,000. Institutional investors and hedge funds own 79.09% of the company's stock.
Ameren Price Performance
AEE stock opened at $106.14 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. Ameren Corporation has a 1 year low of $96.57 and a 1 year high of $118.32. The firm has a market cap of $29.38 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 2.56 and a beta of 0.47. The stock has a 50-day simple moving average of $111.06 and a 200-day simple moving average of $110.25.
Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the company posted $1.01 EPS. Ameren's revenue for the quarter was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities analysts predict that Ameren Corporation will post 5.4 earnings per share for the current fiscal year.
Ameren Dividend Announcement
The company also recently announced 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 2.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ameren's payout ratio is presently 52.82%.
Insider Buying and Selling at Ameren
In related news, insider Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction on Monday, August 3rd. The shares were 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $108.93, for a total transaction of $35,402.25. Following the completion of the transaction, the senior vice president owned 32,340 shares in the company, valued at $3,522,796.20. This represents a 0.99% decrease in their position. 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 currently owned by corporate insiders.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Ameren in a report on Friday, August 7th. KeyCorp upgraded shares of Ameren from a "sector weight" rating to an "overweight" rating and set a $122.00 price objective for the company in a research note on Thursday, July 23rd. BMO Capital Markets dropped their price objective on shares of Ameren from $121.00 to $119.00 and set an "outperform" rating for the company in a research report on Wednesday, July 22nd. Barclays raised their target price on shares of Ameren from $116.00 to $117.00 and gave the company an "equal weight" rating in a research note on Thursday, July 9th. Finally, Morgan Stanley reduced their target price on shares of Ameren from $118.00 to $114.00 and set an "equal weight" rating on the stock in a report on Friday. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.42.
View Our Latest Analysis on AEE
Ameren Company 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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