Maxele Advisors LLC Takes Position in Ameren Corporation $AEE

Maxele Advisors LLC bought a new position in shares of Ameren Corporation (NYSE:AEE) in the second quarter, Holdings Channel reports. The firm bought 9,195 shares of the utilities provider’s stock, valued at approximately $1,039,000. Ameren accounts for 0.7% of Maxele Advisors LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEE. NewEdge Advisors LLC increased its position in shares of Ameren by 22.9% in the first quarter. NewEdge Advisors LLC now owns 8,077 shares of the utilities provider’s stock worth $811,000 after acquiring an additional 1,503 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Ameren by 19.8% during the 1st quarter. Empowered Funds LLC now owns 6,255 shares of the utilities provider’s stock valued at $628,000 after acquiring an additional 1,034 shares in the last quarter. Woodline Partners LP boosted its position in Ameren by 42.2% during the 1st quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock worth $2,289,000 after purchasing an additional 6,772 shares during the period. EverSource Wealth Advisors LLC boosted its position in Ameren by 48.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,555 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 505 shares during the period. Finally, Brown Advisory Inc. increased its holdings in Ameren by 6.3% in the 2nd quarter. Brown Advisory Inc. now owns 4,688 shares of the utilities provider’s stock valued at $450,000 after purchasing an additional 277 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AEE. Wall Street Zen cut shares of Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Truist Financial dropped their price objective on shares of Ameren from $124.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. BMO Capital Markets decreased their target price on Ameren from $121.00 to $119.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. BTIG Research set a $126.00 target price on Ameren in a report on Thursday, July 23rd. Finally, Morgan Stanley dropped their price target on Ameren from $118.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ameren presently has a consensus rating of “Moderate Buy” and an average target price of $121.42.

Ameren Trading Down 1.0%

Ameren stock opened at $106.71 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.53 and a debt-to-equity ratio of 1.38. The firm has a 50-day moving average price of $110.88 and a two-hundred day moving average price of $110.32. The firm has a market capitalization of $29.54 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.60 and a beta of 0.47. Ameren Corporation has a 52-week low of $96.57 and a 52-week high of $118.32.

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

Ameren Dividend Announcement

The firm also recently disclosed 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 yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ameren’s dividend payout ratio is 52.82%.

Insiders Place Their Bets

In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president owned 32,340 shares in the company, valued at approximately $3,522,796.20. The trade was a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total value of $708,240.00. Following the completion of the transaction, the insider directly owned 199,689 shares of the company’s stock, valued at approximately $21,758,113.44. The trade was a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

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.