Summit Global Investments Sells 6,847 Shares of Ameren Corporation $AEE

Summit Global Investments lessened its stake in Ameren Corporation (NYSE:AEE) by 28.3% in the first quarter, HoldingsChannel reports. The fund owned 17,346 shares of the utilities provider’s stock after selling 6,847 shares during the period. Summit Global Investments’ holdings in Ameren were worth $1,907,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in Ameren by 285.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 197 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Ameren in the fourth quarter worth approximately $29,000. Osterweis Capital Management Inc. increased its stake in shares of Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after buying an additional 302 shares during the period. Sound Income Strategies LLC increased its stake in shares of Ameren by 6,080.0% in the fourth quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock worth $32,000 after buying an additional 304 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Ameren by 74.9% during the 1st 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. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Ameren Price Performance

Shares of NYSE AEE opened at $110.47 on Tuesday. Ameren Corporation has a 1 year low of $96.57 and a 1 year high of $118.32. The stock has a market capitalization of $30.57 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.70 and a beta of 0.47. The company’s 50-day moving average is $110.53 and its 200 day moving average is $108.95. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.62 and a quick ratio of 0.44.

Ameren (NYSE:AEE) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the business posted $1.07 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, sell-side analysts expect that Ameren Corporation will post 5.38 earnings per share for the current year.

Ameren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid 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 was Tuesday, June 9th. Ameren’s dividend payout ratio (DPR) is currently 53.96%.

Analyst Ratings Changes

AEE has been the topic of a number of recent analyst reports. Truist Financial raised their price target on shares of Ameren from $121.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. BTIG Research assumed coverage on shares of Ameren in a research note on Thursday, April 9th. They set a “buy” rating and a $131.00 price objective for the company. Wall Street Zen lowered shares of Ameren from a “hold” rating to a “sell” rating in a report on Monday, May 25th. Weiss Ratings raised Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $120.00 price target on shares of Ameren in a report on Tuesday, April 21st. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Ameren has an average rating of “Moderate Buy” and an average price target of $120.67.

Insider Activity

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