Ameren Corporation $AEE Holdings Boosted by Harrison Street Private Wealth LLC

Harrison Street Private Wealth LLC lifted its stake in shares of Ameren Corporation (NYSE:AEE) by 29.0% in the third quarter, Holdings Channel reports. The institutional investor owned 27,841 shares of the utilities provider’s stock after buying an additional 6,262 shares during the quarter. Ameren accounts for approximately 3.8% of Harrison Street Private Wealth LLC’s portfolio, making the stock its 17th biggest position. Harrison Street Private Wealth LLC’s holdings in Ameren were worth $2,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in AEE. BlackRock Inc. bought a new stake in shares of Ameren in the second quarter worth $2,918,526,000. Jupiter Topco LLC acquired a new stake in Ameren in the second quarter valued at $578,254,000. Deutsche Bank AG bought a new position in Ameren during the 2nd quarter valued at $253,519,000. Bank of America Corp DE bought a new position in Ameren during the 2nd quarter valued at $245,881,000. Finally, Legal & General Group Plc bought a new position in Ameren during the 2nd quarter valued at $213,155,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Activity

In related news, insider Michael 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 transaction, the insider directly owned 199,689 shares of the company’s stock, valued at $21,758,113.44. This represents a 3.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa Shaw sold 325 shares of Ameren stock in a transaction 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 sale, 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 7,073 shares of company stock valued at $769,814. Insiders own 0.29% of the company’s stock.

Ameren Trading Up 0.6%

AEE opened at $108.72 on Wednesday. Ameren Corporation has a fifty-two week low of $96.57 and a fifty-two week high of $118.32. The company’s 50-day moving average price is $104.35 and its 200 day moving average price is $108.13.

Ameren (NYSE:AEE) last issued its 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. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.27 billion. The business’s revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities analysts expect that Ameren Corporation will post 5.40 EPS for the current fiscal year.

Ameren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, December 8th.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AEE shares. Barclays dropped their target price on shares of Ameren from $117.00 to $109.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. Truist Financial reduced their price target on shares of Ameren from $120.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. BMO Capital Markets decreased their price target on Ameren from $119.00 to $113.00 and set an “outperform” rating for the company in a research note on Tuesday, October 20th. KeyCorp lifted their price target on Ameren from $116.00 to $122.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 13th. Finally, BTIG Research set a $126.00 price objective on Ameren in a research note on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.74.

Ameren Profile

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.