Ninepoint Partners LP Acquires New Holdings in Ameren Corporation $AEE

Ninepoint Partners LP bought a new stake in shares of Ameren Corporation (NYSE:AEE) in the second quarter, Holdings Channel.com reports. The firm bought 13,696 shares of the utilities provider’s stock, valued at approximately $1,548,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Ameren during the second quarter worth approximately $2,918,526,000. Deutsche Bank AG acquired a new stake in Ameren in the 2nd quarter valued at approximately $253,519,000. Bank of New York Mellon Corp acquired a new stake in Ameren in the 2nd quarter valued at approximately $169,224,000. Lazard Asset Management LLC increased its position in Ameren by 6,051.1% in the 4th quarter. Lazard Asset Management LLC now owns 932,017 shares of the utilities provider’s stock valued at $93,071,000 after acquiring an additional 916,865 shares during the period. Finally, Clark Capital Management Group Inc. bought a new stake in Ameren during the 4th quarter valued at $66,631,000. Institutional investors own 79.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Mizuho increased their price target on Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded shares of Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Truist Financial decreased their target price on shares of Ameren from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Monday. Barclays raised their target price on shares of Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Finally, KeyCorp raised shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price target for the company in a research note on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Ameren has a consensus rating of “Moderate Buy” and a consensus target price of $121.75.

Ameren Stock Down 0.4%

AEE opened at $108.88 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. The company has a market capitalization of $30.14 billion, a PE ratio of 19.17, a P/E/G ratio of 2.64 and a beta of 0.47. The stock’s fifty day moving average is $111.11 and its 200-day moving average is $110.23. Ameren Corporation has a one year low of $96.57 and a one year high of $118.32.

Ameren (NYSE:AEE) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the business posted $1.01 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities analysts predict that Ameren Corporation will post 5.4 EPS for the current fiscal year.

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 8th. Ameren’s payout ratio is presently 52.82%.

Insider Buying and Selling

In related news, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $108.96, for a total transaction of $708,240.00. Following the completion of the sale, the insider directly owned 199,689 shares of the company’s stock, valued at $21,758,113.44. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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. Also, SVP Theresa A. Shaw sold 325 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was 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 $3,522,796.20. The trade was 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 insiders.

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.