Meeder Advisory Services Inc. Buys Shares of 5,869 Ameren Corporation $AEE

Meeder Advisory Services Inc. bought a new stake in Ameren Corporation (NYSE:AEE) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 5,869 shares of the utilities provider’s stock, valued at approximately $663,000.

Several other institutional investors and hedge funds have also bought and sold shares of AEE. BlackRock Inc. purchased a new position in Ameren during the second quarter valued at $2,918,526,000. Deutsche Bank AG bought a new position in shares of Ameren in the second quarter worth about $253,519,000. Bank of New York Mellon Corp bought a new position in shares of Ameren in the second quarter worth about $169,224,000. Lazard Asset Management LLC lifted its position in shares of Ameren by 6,051.1% during the 4th quarter. Lazard Asset Management LLC now owns 932,017 shares of the utilities provider’s stock valued at $93,071,000 after buying an additional 916,865 shares in the last quarter. Finally, Clark Capital Management Group Inc. purchased a new position in shares of Ameren during the 4th quarter valued at about $66,631,000. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Stock Down 0.4%

Shares of NYSE:AEE opened at $108.88 on Friday. 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 company has a 50-day moving average price of $111.11 and a 200 day moving average price of $110.23. The company has a market cap of $30.14 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.64 and a beta of 0.47.

Ameren (NYSE:AEE) last issued 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 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 the consensus estimate of $2.27 billion. During the same period last year, the company earned $1.01 earnings per share. Ameren’s revenue was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities research analysts predict that Ameren Corporation will post 5.4 earnings per share for the current year.

Ameren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. Ameren’s dividend payout ratio (DPR) is 52.82%.

Wall Street Analysts Forecast Growth

AEE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Morgan Stanley lifted their target price on shares of Ameren from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Wall Street Zen downgraded shares of Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. KeyCorp upgraded Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price target for the company in a research note on Thursday, July 23rd. Finally, Barclays increased their price target on Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.75.

Insider Buying and Selling

In other Ameren news, insider Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total transaction of $708,240.00. Following the transaction, the insider directly owned 199,689 shares in the company, valued at $21,758,113.44. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a document filed 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 A. Shaw sold 325 shares of the firm’s 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 transaction, the senior vice president owned 32,340 shares in the company, valued at approximately $3,522,796.20. This 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. Company insiders own 0.29% of the company’s stock.

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.