Korea Investment CORP Buys Shares of 158,803 Ameren Corporation $AEE

Korea Investment CORP bought a new stake in shares of Ameren Corporation (NYSE:AEE) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 158,803 shares of the utilities provider’s stock, valued at approximately $17,951,000.

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. Deutsche Bank AG bought a new position in Ameren during the 2nd quarter valued at $253,519,000. Bank of New York Mellon Corp bought a new position in Ameren during the 2nd quarter valued at $169,224,000. Lazard Asset Management LLC boosted its stake in 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 acquiring an additional 916,865 shares during the last quarter. Finally, Clark Capital Management Group Inc. acquired a new position in Ameren during the 4th quarter worth $66,631,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Buying and Selling

In other news, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction 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 owned 199,689 shares of the company’s stock, valued at approximately $21,758,113.44. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 stock in a transaction dated Friday, August 14th. The shares were 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 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.

Wall Street Analysts Forecast Growth

AEE has been the subject of several research analyst reports. Truist Financial dropped their target price on shares of Ameren from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, August 17th. KeyCorp raised shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price target on the stock in a research report on Thursday, July 23rd. BMO Capital Markets decreased their price target on Ameren from $121.00 to $119.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen lowered Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ameren has a consensus rating of “Moderate Buy” and a consensus target price of $121.42.

Ameren Stock Up 0.0%

AEE stock opened at $106.14 on Monday. The firm has a market cap of $29.38 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.56 and a beta of 0.47. Ameren Corporation has a 1-year low of $96.57 and a 1-year high of $118.32. The firm has a fifty day moving average price of $111.06 and a two-hundred day moving average price of $110.25. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.53 and a quick ratio of 0.37.

Ameren (NYSE:AEE) last posted 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 net margin of 17.86% and a return on equity of 10.95%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the firm posted $1.01 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Research analysts predict that Ameren Corporation will post 5.4 EPS for the current year.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ameren’s dividend payout ratio is 52.82%.

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.