State of Alaska Department of Revenue Buys 10,110 Shares of Ameren Corporation $AEE

State of Alaska Department of Revenue grew its stake in Ameren Corporation (NYSE:AEE) by 31.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,400 shares of the utilities provider’s stock after buying an additional 10,110 shares during the period. State of Alaska Department of Revenue’s holdings in Ameren were worth $4,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Droms Strauss Advisors Inc. MO ADV grew its holdings in shares of Ameren by 2.2% during the first quarter. Droms Strauss Advisors Inc. MO ADV now owns 4,162 shares of the utilities provider’s stock valued at $457,000 after buying an additional 90 shares during the last quarter. Fortitude Advisory Group L.L.C. increased its position in shares of Ameren by 4.3% in the 1st quarter. Fortitude Advisory Group L.L.C. now owns 2,269 shares of the utilities provider’s stock valued at $249,000 after acquiring an additional 93 shares during the period. Parallel Advisors LLC raised its stake in Ameren by 1.6% in the 1st quarter. Parallel Advisors LLC now owns 5,746 shares of the utilities provider’s stock worth $632,000 after acquiring an additional 93 shares during the last quarter. Cidel Asset Management Inc. raised its stake in Ameren by 5.1% in the 2nd quarter. Cidel Asset Management Inc. now owns 1,990 shares of the utilities provider’s stock worth $225,000 after acquiring an additional 96 shares during the last quarter. Finally, GHP Investment Advisors Inc. lifted its position in Ameren by 19.4% during the 1st quarter. GHP Investment Advisors Inc. now owns 602 shares of the utilities provider’s stock worth $66,000 after acquiring an additional 98 shares during the period. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Ameren Trading Up 2.2%

Shares of NYSE:AEE opened at $106.09 on Friday. Ameren Corporation has a 12-month low of $96.57 and a 12-month high of $118.32. The company has a market capitalization of $29.37 billion, a PE ratio of 18.68, a PEG ratio of 3.10 and a beta of 0.44. The business has a 50 day moving average of $104.51 and a two-hundred day moving average of $108.58. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38.

Ameren (NYSE:AEE) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.27 billion. Ameren had a return on equity of 10.95% and a net margin of 17.86%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, analysts forecast that Ameren Corporation will post 5.40 EPS for the current year.

Ameren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 8th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, December 8th. Ameren’s payout ratio is currently 52.82%.

Insider Buying and Selling

In related news, Director Rafael Flores sold 248 shares of the firm’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $105.53, for a total transaction of $26,171.44. Following the sale, the director owned 13,888 shares in the company, valued at approximately $1,465,600.64. This trade represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction 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 transaction, the insider directly owned 199,689 shares of the company’s stock, valued at $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. Over the last three months, insiders have sold 7,073 shares of company stock valued at $769,814. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AEE. Mizuho dropped their price target on Ameren from $124.00 to $113.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Wall Street Zen raised Ameren from a “sell” rating to a “hold” rating in a report on Saturday. BTIG Research set a $126.00 price objective on Ameren in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Ameren in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.77.

Ameren Company Profile

Ameren Corporation is a regulated utility holding company that provides electric and natural gas services to customers in Illinois and Missouri. Through its operating companies, Ameren delivers energy to residential, commercial and industrial customers and operates the infrastructure required to generate, transmit and distribute electricity, as well as distribute natural gas.

Ameren Missouri is involved in electric generation, transmission and distribution and natural gas distribution across Missouri.