Russell Investments Group Ltd. Buys 49,888 Shares of Ameren Corporation $AEE

Russell Investments Group Ltd. boosted its stake in Ameren Corporation (NYSE:AEE) by 23.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,046 shares of the utilities provider’s stock after acquiring an additional 49,888 shares during the period. Russell Investments Group Ltd. owned 0.10% of Ameren worth $25,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HB Wealth Management LLC boosted its stake in shares of Ameren by 5.1% in the 1st quarter. HB Wealth Management LLC now owns 4,110 shares of the utilities provider’s stock valued at $413,000 after purchasing an additional 198 shares during the last quarter. LPL Financial LLC raised its stake in Ameren by 25.1% during the first quarter. LPL Financial LLC now owns 164,067 shares of the utilities provider’s stock worth $16,472,000 after buying an additional 32,867 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Ameren by 15.2% in the first quarter. Mackenzie Financial Corp now owns 28,875 shares of the utilities provider’s stock valued at $2,899,000 after buying an additional 3,820 shares during the period. Foundations Investment Advisors LLC boosted its position in Ameren by 11.1% during the first quarter. Foundations Investment Advisors LLC now owns 3,256 shares of the utilities provider’s stock valued at $327,000 after acquiring an additional 325 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in Ameren by 7.7% during the first quarter. Natixis Advisors LLC now owns 60,266 shares of the utilities provider’s stock valued at $6,051,000 after acquiring an additional 4,303 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Activity

In other news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $101.44, for a total transaction of $659,360.00. Following the completion of the transaction, the chief financial officer directly owned 198,973 shares in the company, valued at $20,183,821.12. This trade represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AEE has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on Ameren from $104.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. KeyCorp lifted their target price on Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Mizuho boosted their price target on Ameren from $108.00 to $114.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Barclays set a $113.00 price target on Ameren in a report on Tuesday, October 21st. Finally, Wells Fargo & Company assumed coverage on shares of Ameren in a research note on Monday, October 27th. They issued an “overweight” rating and a $112.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.50.

Ameren Stock Up 0.3%

Shares of NYSE:AEE opened at $106.35 on Friday. The business’s 50 day simple moving average is $103.81 and its two-hundred day simple moving average is $100.19. The firm has a market cap of $28.77 billion, a P/E ratio of 23.37, a PEG ratio of 2.57 and a beta of 0.50. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. Ameren Corporation has a 52-week low of $86.40 and a 52-week high of $106.73.

Ameren (NYSE:AEE) last released its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $2.17 EPS for the quarter, beating the consensus estimate of $2.10 by $0.07. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s quarterly revenue was up 24.2% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. FY 2025 guidance at 4.900-5.100 EPS. As a group, research analysts forecast that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 9th. Ameren’s dividend payout ratio (DPR) is 54.62%.

About Ameren

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.