Northwestern Mutual Wealth Management Co. Invests $2.96 Million in Ameren Corporation $AEE

Key Points

• Northwestern Mutual Wealth Management acquired 26,208 Ameren shares worth approximately $2.96 million during the second quarter. Institutional investors collectively own 79.09% of Ameren’s stock.
• Analysts maintain a generally positive outlook, with 10 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $121.42.
• Ameren exceeded quarterly earnings expectations with $1.13 in EPS versus $1.08 anticipated, while revenue fell 5.8% year over year. The company also declared a quarterly dividend of $0.75, equivalent to a 2.8% annual yield.

Northwestern Mutual Wealth Management Co. acquired a new stake in Ameren Corporation (NYSE:AEE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,208 shares of the utilities provider's stock, valued at approximately $2,963,000.

Other large investors also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new position in Ameren during the 2nd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd increased its position in Ameren by 285.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider's stock worth $28,000 after buying an additional 197 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in Ameren in the fourth quarter worth $29,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Ameren by 74.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider's stock valued at $33,000 after buying an additional 125 shares during the last quarter. Finally, Osterweis Capital Management Inc. lifted its stake in Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider's stock valued at $29,000 after buying an additional 302 shares during the last quarter. Institutional investors own 79.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AEE. BMO Capital Markets cut their price objective on shares of Ameren from $121.00 to $119.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 22nd. Truist Financial decreased their target price on shares of Ameren from $124.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, August 17th. BTIG Research set a $126.00 price target on shares of Ameren in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ameren in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Ameren from $126.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.42.

Ameren Stock Performance

Shares of Ameren stock opened at $107.12 on Tuesday. The stock has a market cap of $29.66 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 2.56 and a beta of 0.47. The business has a fifty day simple moving average of $111.00 and a 200-day simple moving average of $110.28. 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 12 month low of $96.57 and a 12 month high of $118.32.

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

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 8th. Ameren's dividend payout ratio (DPR) is 52.82%.

Insider Buying and Selling at Ameren

In other news, insider Michael L. Moehn sold 6,500 shares of Ameren 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 transaction, the insider directly owned 199,689 shares in the company, valued at approximately $21,758,113.44. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 that occurred on 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 approximately $3,522,796.20. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company's stock.

Ameren Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source