QRG Capital Management Inc. Buys 5,967 Shares of Ameren Corporation $AEE

QRG Capital Management Inc. lifted its stake in shares of Ameren Corporation (NYSE:AEE) by 10.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,007 shares of the utilities provider’s stock after purchasing an additional 5,967 shares during the period. QRG Capital Management Inc.’s holdings in Ameren were worth $6,816,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AEE. Jefferies Financial Group Inc. purchased a new stake in Ameren during the third quarter valued at approximately $4,868,000. Tudor Investment Corp ET AL boosted its holdings in shares of Ameren by 23.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 155,836 shares of the utilities provider’s stock worth $16,266,000 after purchasing an additional 29,807 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Ameren by 3.6% in the 3rd quarter. Alliancebernstein L.P. now owns 3,378,053 shares of the utilities provider’s stock worth $352,601,000 after purchasing an additional 116,819 shares during the period. Vanguard Group Inc. increased its position in shares of Ameren by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock valued at $3,559,565,000 after purchasing an additional 495,945 shares during the last quarter. Finally, Maxele Advisors LLC bought a new position in shares of Ameren during the 3rd quarter valued at approximately $959,000. Institutional investors own 79.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AEE. Weiss Ratings upgraded Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Ameren from a “hold” rating to a “sell” rating in a research report on Monday, May 25th. JPMorgan Chase & Co. raised shares of Ameren from a “neutral” rating to an “overweight” rating and increased their target price for the company from $120.00 to $126.00 in a research note on Thursday, May 21st. Argus raised their target price on shares of Ameren from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. Finally, Morgan Stanley set a $115.00 price target on shares of Ameren in a research note on Wednesday, June 24th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.42.

Ameren Price Performance

Shares of AEE opened at $114.97 on Monday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.62. The company has a 50 day moving average price of $110.19 and a 200-day moving average price of $107.93. Ameren Corporation has a fifty-two week low of $94.20 and a fifty-two week high of $118.32. The stock has a market capitalization of $31.82 billion, a PE ratio of 20.68, a PEG ratio of 2.31 and a beta of 0.47.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company earned $1.07 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities analysts predict that Ameren Corporation will post 5.38 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a yield of 2.6%. Ameren’s dividend payout ratio is presently 53.96%.

Insider Transactions at Ameren

In related news, SVP Theresa A. Shaw sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total value of $164,025.00. Following the transaction, the senior vice president directly owned 32,943 shares of the company’s stock, valued at $3,602,317.05. This represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

Ameren Company 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.