Prudential PLC Purchases 73,981 Shares of Ameren Corporation $AEE

Prudential PLC boosted its position in shares of Ameren Corporation (NYSE:AEE) by 825.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,942 shares of the utilities provider’s stock after acquiring an additional 73,981 shares during the period. Prudential PLC’s holdings in Ameren were worth $8,283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd raised its holdings in Ameren by 104,698.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,370,758 shares of the utilities provider’s stock valued at $143,091,000 after acquiring an additional 1,369,450 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Ameren by 5.3% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 543,726 shares of the utilities provider’s stock worth $56,754,000 after purchasing an additional 27,461 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Ameren during the 3rd quarter worth $4,868,000. Alliancebernstein L.P. increased its position in shares of Ameren by 3.6% in the third quarter. Alliancebernstein L.P. now owns 3,378,053 shares of the utilities provider’s stock worth $352,601,000 after purchasing an additional 116,819 shares during the period. Finally, Tudor Investment Corp ET AL increased its position in shares of Ameren by 23.7% in the third quarter. Tudor Investment Corp ET AL now owns 155,836 shares of the utilities provider’s stock worth $16,266,000 after purchasing an additional 29,807 shares during the period. 79.09% of the stock is currently owned by institutional investors.

Insider Transactions at Ameren

In related news, SVP Theresa A. Shaw sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total value of $164,025.00. Following the completion of the transaction, the senior vice president owned 32,943 shares of the company’s stock, valued at $3,602,317.05. This represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on AEE. Barclays upped their price objective on shares of Ameren from $104.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Truist Financial dropped their target price on shares of Ameren from $126.00 to $121.00 and set a “buy” rating for the company in a research report on Monday, May 18th. BMO Capital Markets upped their price target on shares of Ameren from $112.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. JPMorgan Chase & Co. upgraded shares of Ameren from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $120.00 to $126.00 in a research report on Thursday, May 21st. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price objective on shares of Ameren in a research note on Tuesday, April 21st. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.54.

Ameren Price Performance

Shares of AEE stock opened at $109.28 on Friday. The business has a fifty day simple moving average of $110.22 and a 200 day simple moving average of $106.64. The company has a market cap of $30.24 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.15 and a beta of 0.47. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 1.39. Ameren Corporation has a twelve month low of $93.50 and a twelve month high of $115.58.

Ameren (NYSE:AEE) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.17 by $0.11. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.07 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 5.36 EPS for the current fiscal year.

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, June 9th. Ameren’s dividend payout ratio is currently 53.96%.

About Ameren

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.