Dearborn Partners LLC bought a new position in Ameren Corporation (NYSE:AEE – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,450 shares of the utilities provider’s stock, valued at approximately $616,000.
Several other hedge funds have also recently bought and sold shares of AEE. Amundi grew its position in shares of Ameren by 106.0% during the 1st quarter. Amundi now owns 919,349 shares of the utilities provider’s stock valued at $101,055,000 after acquiring an additional 473,048 shares during the period. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Ameren during the second quarter worth $1,637,000. UBS Group AG boosted its stake in Ameren by 4.7% in the 4th quarter. UBS Group AG now owns 973,193 shares of the utilities provider’s stock worth $97,183,000 after purchasing an additional 43,821 shares during the period. North Dakota State Investment Board bought a new position in shares of Ameren in the fourth quarter valued at approximately $924,000. Finally, Franklin Resources Inc. grew its position in shares of Ameren by 5.2% during the 4th quarter. Franklin Resources Inc. now owns 2,473,120 shares of the utilities provider’s stock valued at $246,966,000 after purchasing an additional 123,084 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.
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 transaction, the insider owned 199,689 shares in the company, valued at $21,758,113.44. This represents a 3.15% decrease in their ownership of the stock. The sale 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 stock in a transaction on Friday, August 14th. The shares were sold at an average price of $108.93, for a total value of $35,402.25. Following the transaction, the senior vice president directly owned 32,340 shares in the company, 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 corporate insiders.
Ameren Price Performance
Ameren (NYSE:AEE – Get Free Report) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.05. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities analysts expect that Ameren Corporation will post 5.4 EPS for the current fiscal year.
Ameren Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.00 annualized dividend and a yield of 2.8%. Ameren’s dividend payout ratio is currently 52.82%.
Analyst Ratings Changes
Several research analysts have recently commented on the company. KeyCorp raised Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. BTIG Research set a $126.00 price target on shares of Ameren in a research report on Thursday, July 23rd. Barclays increased their price objective on Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, Wall Street Zen cut shares of Ameren from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $121.42.
Check Out Our Latest Report on AEE
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.
Read More
- Five stocks we like better than Ameren
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.
