Citizens Financial Group Inc. RI Takes $748,000 Position in Ameren Corporation $AEE

Citizens Financial Group Inc. RI bought a new position in shares of Ameren Corporation (NYSE:AEE) during the second quarter, Holdings Channel.com reports. The firm bought 6,614 shares of the utilities provider’s stock, valued at approximately $748,000.

Several other institutional investors have also recently made changes to their positions in the company. Amundi lifted its position in Ameren by 106.0% during the first quarter. Amundi now owns 919,349 shares of the utilities provider’s stock valued at $101,055,000 after buying an additional 473,048 shares during the period. Vanguard Group Inc. boosted its holdings 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 buying an additional 495,945 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Ameren in the 2nd quarter worth about $1,637,000. UBS Group AG grew its position in shares of Ameren by 4.7% in the 4th quarter. UBS Group AG now owns 973,193 shares of the utilities provider’s stock worth $97,183,000 after buying an additional 43,821 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Ameren by 5.2% in the 4th quarter. Franklin Resources Inc. now owns 2,473,120 shares of the utilities provider’s stock worth $246,966,000 after acquiring an additional 123,084 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael L. Moehn sold 6,500 shares of Ameren 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 transaction, the insider owned 199,689 shares in the company, valued at approximately $21,758,113.44. The trade was a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.93, for a total value of $35,402.25. Following the completion of the transaction, the senior vice president directly owned 32,340 shares of the company’s stock, valued at approximately $3,522,796.20. This trade represents 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. Corporate insiders own 0.29% of the company’s stock.

Ameren Trading Down 0.4%

Shares of AEE stock opened at $109.28 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38. Ameren Corporation has a 12-month low of $96.57 and a 12-month high of $118.32. The stock has a market capitalization of $30.25 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.65 and a beta of 0.47. The firm’s 50 day moving average is $111.10 and its 200 day moving average is $110.19.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. 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. Research analysts expect that Ameren Corporation will post 5.4 earnings per share for the current year.

Ameren Announces Dividend

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 issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.00 annualized dividend and a yield of 2.7%. Ameren’s payout ratio is currently 52.82%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays boosted their price target on Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Wall Street Zen lowered Ameren from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. lifted their price objective on Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Mizuho boosted their target price on Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Finally, BMO Capital Markets dropped their target price on Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.75.

About Ameren

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.