NewEdge Advisors LLC Has $1.90 Million Stock Position in Ameren Corporation $AEE

Key Points

• NewEdge Advisors increased its Ameren stake by 154.5% in the second quarter, holding 16,813 shares valued at approximately $1.9 million. Institutional investors collectively own 79.09% of the utility company.
• Analysts maintain a generally positive outlook, with 10 Buy ratings and three Holds producing a consensus “Moderate Buy” rating and a $120.92 price target, despite some recent target reductions.
• Ameren reported quarterly EPS of $1.13, beating estimates of $1.08, while revenue fell 5.8% year over year to $2.09 billion. The company declared a $0.75 quarterly dividend, equivalent to a 2.9% annualized yield.

NewEdge Advisors LLC lifted its holdings in Ameren Corporation (NYSE:AEE - Free Report) by 154.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,813 shares of the utilities provider's stock after acquiring an additional 10,206 shares during the period. NewEdge Advisors LLC's holdings in Ameren were worth $1,900,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Ameren during the second quarter worth approximately $2,918,526,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Ameren by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 15,885,476 shares of the utilities provider's stock valued at $1,586,324,000 after buying an additional 362,052 shares during the period. Janus Henderson Group PLC grew its position in Ameren by 11.5% during the first quarter. Janus Henderson Group PLC now owns 5,377,156 shares of the utilities provider's stock worth $591,056,000 after buying an additional 553,164 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Ameren during the second quarter worth approximately $578,254,000. Finally, Bessemer Group Inc. increased its stake in Ameren by 0.7% during the 1st quarter. Bessemer Group Inc. now owns 2,758,605 shares of the utilities provider's stock worth $303,227,000 after acquiring an additional 18,526 shares during the period. 79.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AEE has been the subject of several analyst reports. BTIG Research set a $126.00 price objective on Ameren in a report on Thursday, July 23rd. Truist Financial decreased their price target on Ameren from $124.00 to $120.00 and set a "buy" rating on the stock in a research report on Monday, August 17th. BMO Capital Markets cut 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. Wall Street Zen downgraded shares of Ameren from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Morgan Stanley dropped their target price on shares of Ameren from $114.00 to $108.00 and set an "equal weight" rating for the company in a research report on Friday. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.92.

Insider Activity at Ameren

In related news, SVP Theresa Shaw sold 325 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 32,340 shares in the company, valued at $3,522,796.20. This represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Moehn sold 6,500 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly 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 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. In the last three months, insiders have sold 7,073 shares of company stock valued at $769,814. 0.29% of the stock is owned by insiders.

Ameren Price Performance

Shares of AEE stock opened at $102.31 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.53 and a debt-to-equity ratio of 1.38. Ameren Corporation has a twelve month low of $96.57 and a twelve month high of $118.32. The company has a market cap of $28.32 billion, a P/E ratio of 18.01, a P/E/G ratio of 3.03 and a beta of 0.46. The business has a fifty day simple moving average of $108.34 and a 200 day simple moving average of $109.82.

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 analysts' consensus estimates of $1.08 by $0.05. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, sell-side analysts forecast that Ameren Corporation will post 5.4 EPS for the current fiscal year.

Ameren Announces Dividend

The business 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 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 payout ratio is 52.82%.

Ameren Company Profile

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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