Elevation Point Wealth Partners LLC Buys New Stake in Ameren Corporation $AEE

Elevation Point Wealth Partners LLC bought a new stake in shares of Ameren Corporation (NYSE:AEE) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,472 shares of the utilities provider’s stock, valued at approximately $1,523,000.

Several other hedge funds also recently bought and sold shares of AEE. NewEdge Advisors LLC raised its holdings 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 during the last quarter. Empowered Funds LLC boosted its stake in shares of Ameren by 19.8% during the first 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 during the last quarter. Woodline Partners LP boosted its stake in shares of Ameren by 42.2% during the first quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock valued at $2,289,000 after acquiring an additional 6,772 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 in the last quarter. Finally, Brown Advisory Inc. increased its position in Ameren by 6.3% during the 2nd quarter. Brown Advisory Inc. now owns 4,688 shares of the utilities provider’s stock worth $450,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Price Performance

Ameren stock opened at $106.14 on Monday. 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 cap of $29.38 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.56 and a beta of 0.47. Ameren Corporation has a 1 year low of $96.57 and a 1 year high of $118.32. The firm has a 50 day moving average price of $111.06 and a 200 day moving average price of $110.25.

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

Ameren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.75 per share. 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 payout ratio is 52.82%.

Insider Activity

In related news, SVP Theresa A. Shaw sold 325 shares of the firm’s stock in a transaction that occurred 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 owned 32,340 shares in the company, valued at approximately $3,522,796.20. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total transaction of $708,240.00. Following the sale, the insider owned 199,689 shares of the company’s stock, valued at approximately $21,758,113.44. This 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. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AEE. KeyCorp upgraded shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 target price on the stock in a report on Thursday, July 23rd. Wall Street Zen downgraded shares of Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Truist Financial cut their price objective on shares of Ameren from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, August 17th. BTIG Research set a $126.00 target price on shares of Ameren in a research report on Thursday, July 23rd. Finally, Barclays lifted their target price on shares of Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.42.

Ameren 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.