Ameren Corporation $AEE Shares Bought by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY boosted its position in shares of Ameren Corporation (NYSE:AEE) by 42.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,280 shares of the utilities provider’s stock after acquiring an additional 44,178 shares during the period. Miller Howard Investments Inc. NY owned 0.05% of Ameren worth $14,835,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Ameren in the second quarter worth approximately $2,918,526,000. Janus Henderson Group PLC raised its position in shares of Ameren by 11.5% during the 1st quarter. Janus Henderson Group PLC now owns 5,377,156 shares of the utilities provider’s stock valued at $591,056,000 after purchasing an additional 553,164 shares during the period. Jupiter Topco LLC purchased a new position in shares of Ameren during the 2nd quarter valued at $578,254,000. Bessemer Group Inc. lifted its stake in shares of Ameren by 0.7% during the 1st quarter. Bessemer Group Inc. now owns 2,758,605 shares of the utilities provider’s stock valued at $303,227,000 after buying an additional 18,526 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Ameren by 6.4% in the 1st quarter. Bank of America Corp DE now owns 2,265,022 shares of the utilities provider’s stock worth $248,971,000 after buying an additional 136,631 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Trading Up 0.1%

Shares of AEE stock opened at $108.14 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $29.94 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 3.15 and a beta of 0.44. Ameren Corporation has a 12-month low of $96.57 and a 12-month high of $118.32. The stock’s 50-day moving average price is $104.40 and its 200-day moving average price is $108.05.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $2.09 billion during 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 firm’s revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities research analysts predict that Ameren Corporation will post 5.40 EPS for the current fiscal year.

Ameren Dividend Announcement

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

Wall Street Analyst Weigh In

AEE has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on Ameren from $114.00 to $107.00 and set a “sector perform” rating on the stock in a report on Friday, September 25th. Truist Financial dropped their price objective on Ameren from $120.00 to $116.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Mizuho dropped their price target on Ameren from $124.00 to $113.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th. KeyCorp increased their price objective on shares of Ameren from $116.00 to $122.00 and gave the company an “overweight” rating in a report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.74.

Insider Activity

In other news, SVP Theresa Shaw sold 325 shares of the 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 completion of the transaction, the senior vice president directly owned 32,340 shares in the company, valued at approximately $3,522,796.20. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Moehn sold 6,500 shares of the firm’s 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 approximately $21,758,113.44. This trade represents a 3.15% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 7,073 shares of company stock worth $769,814. 0.29% of the stock is currently owned by insiders.

About Ameren

Ameren Corporation is a regulated electric and natural gas utility holding company headquartered in St. Louis, Missouri. Through its operating companies, Ameren Missouri and Ameren Illinois, the company provides electric generation, transmission and distribution services, as well as natural gas distribution.

Ameren serves approximately 2.5 million electric customers and more than 900,000 natural gas customers across Missouri and Illinois. Its operations include a diverse generation portfolio and infrastructure designed to deliver reliable energy to residential, commercial and industrial customers, while supporting the transition toward cleaner energy resources.

Ameren was formed in 1997 through the merger of Union Electric Company and CIPSCO Inc The company is led by Martin J.