Kingsview Wealth Management LLC Buys New Shares in Ameren Corporation $AEE

Kingsview Wealth Management LLC purchased a new stake in shares of Ameren Corporation (NYSE:AEE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,421 shares of the utilities provider’s stock, valued at approximately $839,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC bought a new position in shares of Ameren during the 2nd quarter valued at about $558,000. 49 Wealth Management LLC purchased a new stake in Ameren in the second quarter worth approximately $245,000. Strait & Sound Wealth Management LLC purchased a new stake in Ameren in the second quarter worth approximately $277,000. Maxele Advisors LLC bought a new position in Ameren during the second quarter valued at approximately $1,039,000. Finally, Empowered Funds LLC purchased a new position in shares of Ameren during the second quarter worth approximately $1,595,000. Institutional investors own 79.09% of the company’s stock.

Ameren Stock Down 0.0%

Shares of NYSE AEE opened at $106.07 on Monday. The firm’s fifty day moving average is $110.83 and its 200 day moving average is $110.34. Ameren Corporation has a 52 week low of $96.57 and a 52 week high of $118.32. 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 company has a market cap of $29.36 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 2.56 and a beta of 0.47.

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 the consensus estimate of $1.08 by $0.05. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities research analysts expect that Ameren Corporation will post 5.4 earnings per share for the current year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued 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, September 8th. Ameren’s dividend payout ratio is currently 52.82%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AEE. Barclays upped their price objective on shares of Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Wall Street Zen cut shares of Ameren from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Truist Financial lowered their price target on shares of Ameren from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Mizuho upped their price target on shares of Ameren from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, BTIG Research set a $126.00 price objective on Ameren in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ameren presently has an average rating of “Moderate Buy” and a consensus target price of $121.42.

Insider Transactions at Ameren

In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the company’s 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 owned 32,340 shares of the company’s stock, valued at $3,522,796.20. This represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 stock in a transaction that occurred 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 sale, the insider 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

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.