UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ameren Corporation (NYSE:AEE - Free Report) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,145,497 shares of the utilities provider's stock after buying an additional 46,740 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.41% of Ameren worth $129,487,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Amundi increased its stake in shares of Ameren by 106.0% in the first quarter. Amundi now owns 919,349 shares of the utilities provider's stock worth $101,055,000 after purchasing an additional 473,048 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in shares of Ameren in the second quarter valued at $1,637,000. North Dakota State Investment Board bought a new stake in shares of Ameren during the 4th quarter valued at $924,000. Franklin Resources Inc. lifted its holdings in Ameren by 5.2% during the 4th quarter. Franklin Resources Inc. now owns 2,473,120 shares of the utilities provider's stock worth $246,966,000 after purchasing an additional 123,084 shares in the last quarter. Finally, Horizon Investments LLC lifted its holdings in Ameren by 193.1% during the 4th quarter. Horizon Investments LLC now owns 26,312 shares of the utilities provider's stock worth $2,628,000 after purchasing an additional 17,336 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on AEE shares. Wall Street Zen downgraded shares of Ameren from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Mizuho increased their target price on shares of Ameren from $122.00 to $124.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Truist Financial cut their price target on shares of Ameren from $124.00 to $120.00 and set a "buy" rating for the company in a report on Monday, August 17th. BMO Capital Markets decreased their price target on shares of Ameren from $121.00 to $119.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. increased 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Ameren has a consensus rating of "Moderate Buy" and an average target price of $121.42.
Read Our Latest Stock Report on Ameren
Insider Buying and Selling
In other news, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total value of $708,240.00. Following the sale, the insider directly owned 199,689 shares of the company's stock, valued at approximately $21,758,113.44. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the sale, the senior vice president owned 32,340 shares of the company's stock, valued at approximately $3,522,796.20. This represents a 0.99% 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 owned by company insiders.
Ameren Stock Up 0.0%
Shares of NYSE:AEE opened at $106.02 on Wednesday. The stock's 50-day moving average price is $110.64 and its 200-day moving average price is $110.34. Ameren Corporation has a 12-month low of $96.57 and a 12-month high of $118.32. The stock has a market capitalization of $29.35 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 3.10 and a beta of 0.46. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38.
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 analysts' consensus estimates of $1.08 by $0.05. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The firm's revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities analysts anticipate that Ameren Corporation will post 5.4 earnings per share for the current 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 paid a $0.75 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. Ameren's dividend payout ratio is presently 52.82%.
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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