Wealthfront Advisers LLC Takes $10.44 Million Position in Ameren Corporation $AEE

Wealthfront Advisers LLC bought a new position in Ameren Corporation (NYSE:AEE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 92,376 shares of the utilities provider’s stock, valued at approximately $10,442,000.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Ameren by 1.4% in 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. BlackRock Inc. bought a new stake in shares of Ameren during the second quarter worth $2,918,526,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Ameren by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 15,885,476 shares of the utilities provider’s stock valued at $1,586,324,000 after buying an additional 362,052 shares in the last quarter. State Street Corp increased its stake in shares of Ameren by 3.3% in the fourth quarter. State Street Corp now owns 14,503,721 shares of the utilities provider’s stock valued at $1,448,342,000 after buying an additional 457,876 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Ameren by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 6,223,010 shares of the utilities provider’s stock valued at $597,673,000 after buying an additional 179,137 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a research report on Friday, August 7th. 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 note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Mizuho upped their target price on shares of Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Barclays increased their price target on shares of Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.75.

Insiders Place Their Bets

In other Ameren 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 completion of the sale, the insider owned 199,689 shares of the company’s stock, valued at approximately $21,758,113.44. The trade was a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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 completion of the transaction, the senior vice president directly owned 32,340 shares in the company, valued at approximately $3,522,796.20. This trade represents a 0.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by insiders.

Ameren Price Performance

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

Ameren (NYSE:AEE) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the business posted $1.01 EPS. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, research analysts anticipate that Ameren Corporation will post 5.4 earnings per share for the current year.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. Ameren’s dividend payout ratio (DPR) is presently 52.82%.

Ameren 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.