Landscape Capital Management L.L.C. acquired a new position in Ameren Corporation (NYSE:AEE – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 10,514 shares of the utilities provider’s stock, valued at approximately $1,189,000.
Other institutional investors have also added to or reduced their stakes in the company. Droms Strauss Advisors Inc. MO ADV lifted its position 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 worth $457,000 after purchasing an additional 90 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its holdings 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 purchasing an additional 93 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Ameren by 1.6% during the first quarter. Parallel Advisors LLC now owns 5,746 shares of the utilities provider’s stock worth $632,000 after buying an additional 93 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of 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 purchasing an additional 98 shares during the last quarter. Finally, Segment Wealth Management LLC lifted its position in shares of Ameren by 3.5% during the fourth quarter. Segment Wealth Management LLC now owns 3,045 shares of the utilities provider’s stock valued at $304,000 after buying an additional 104 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.
Wall Street Analyst Weigh In
AEE has been the subject of a number of recent analyst reports. BTIG Research set a $126.00 price objective on Ameren in a research report on Thursday, July 23rd. KeyCorp raised shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price target for the company in a report on Thursday, July 23rd. Morgan Stanley dropped their price objective on shares of Ameren from $118.00 to $114.00 and set an “equal weight” rating on the stock in a report on Friday. BMO Capital Markets cut their target price on Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Finally, Mizuho lifted their price target on Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.42.
Insider Buying and Selling at Ameren
In related news, SVP Theresa A. Shaw sold 325 shares of the business’s stock in a transaction on Friday, August 14th. The shares were 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 $3,522,796.20. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the company’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 sale, the insider directly owned 199,689 shares in the company, valued at approximately $21,758,113.44. The trade was a 3.15% 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. Company insiders own 0.29% of the company’s stock.
Ameren Price Performance
Shares of NYSE:AEE opened at $106.14 on Monday. Ameren Corporation has a twelve month low of $96.57 and a twelve month high of $118.32. The company’s 50 day moving average is $111.06 and its 200 day moving average is $110.25. 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 company has a market cap of $29.38 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 2.56 and a beta of 0.47.
Ameren (NYSE:AEE – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the firm posted $1.01 EPS. Ameren’s revenue for the quarter was down 5.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, sell-side analysts forecast that Ameren Corporation will post 5.4 EPS for the current year.
Ameren Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ameren’s dividend payout ratio (DPR) is 52.82%.
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.
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