Insider Selling: Ameren (NYSE:AEE) Director Sells $26,171.44 in Stock

Key Points

• Ameren director Rafael Flores sold 248 shares for approximately $26,171, reducing his ownership by 1.75% to 13,888 shares.
• Ameren shares fell 0.9% to $103.93, while the company reported quarterly EPS of $1.13, beating estimates, despite revenue declining 5.8% year over year.
• The company declared a quarterly dividend of $0.75, equivalent to an annualized $3.00 payout and a 2.9% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $121.42.

Ameren Corporation (NYSE:AEE - Get Free Report) Director Rafael Flores sold 248 shares of the company's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $105.53, for a total transaction of $26,171.44. Following the sale, the director directly owned 13,888 shares in the company, valued at approximately $1,465,600.64. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ameren Stock Down 0.9%

AEE stock traded down $0.97 during midday trading on Monday, hitting $103.93. The company's stock had a trading volume of 2,350,968 shares, compared to its average volume of 1,691,578. The firm has a 50-day simple moving average of $109.33 and a 200-day simple moving average of $110.11. The firm has a market capitalization of $28.77 billion, a P/E ratio of 18.30, a PEG ratio of 3.07 and a beta of 0.46. 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 52-week low of $96.57 and a 52-week high of $118.32.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings data 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 business 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 company's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the firm earned $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities analysts forecast that Ameren Corporation will post 5.4 EPS for the current year.

Ameren Announces Dividend

The company 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 dividend on an annualized basis and a yield of 2.9%. Ameren's payout ratio is currently 52.82%.

Analysts Set New Price Targets

A number of equities analysts recently commented on AEE shares. Barclays boosted their target price on shares of Ameren from $116.00 to $117.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 9th. Weiss Ratings reiterated a "buy (b)" rating on shares of Ameren in a research report on Friday, August 7th. Morgan Stanley reduced their price objective on Ameren from $118.00 to $114.00 and set an "equal weight" rating for the company in a research note on Friday, August 21st. Truist Financial decreased their price target on shares of Ameren from $124.00 to $120.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Finally, Mizuho lifted their price objective on shares of Ameren from $122.00 to $124.00 and gave the company an "outperform" rating in a research note on Monday, August 3rd. Ten equities 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.42.

Institutional Investors Weigh In On Ameren

Hedge funds and other institutional investors have recently modified their holdings of the stock. Keating Financial Advisory Services Inc. acquired a new stake in Ameren in the 2nd quarter valued at about $27,000. Continuum Advisory LLC acquired a new stake in shares of Ameren in the second quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Ameren by 74.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider's stock worth $33,000 after purchasing an additional 125 shares in the last quarter. Aberdeen Wealth Management LLC acquired a new position in shares of Ameren during the 2nd quarter worth approximately $35,000. Finally, Ascentis Independent Advisors purchased a new stake in Ameren in the 1st quarter valued at approximately $36,000. 79.09% of the stock is currently owned by institutional investors and hedge funds.

About Ameren

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.

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.