Keybank National Association OH Cuts Stake in Ameren Corporation $AEE

Keybank National Association OH lessened its stake in shares of Ameren Corporation (NYSE:AEE) by 4.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,291 shares of the utilities provider’s stock after selling 5,316 shares during the quarter. Keybank National Association OH’s holdings in Ameren were worth $12,123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of Ameren by 285.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after buying an additional 197 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in Ameren in the 4th quarter worth approximately $29,000. Osterweis Capital Management Inc. grew its position in Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 302 shares in the last quarter. Sound Income Strategies LLC grew its position in Ameren by 6,080.0% in the fourth quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 304 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Ameren by 45.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 349 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Stock Performance

Ameren stock opened at $114.97 on Friday. The stock has a market cap of $31.82 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 2.31 and a beta of 0.47. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The stock has a 50 day moving average of $110.19 and a 200-day moving average of $107.87. Ameren Corporation has a 52 week low of $94.20 and a 52 week high of $118.32.

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

Ameren Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AEE. JPMorgan Chase & Co. raised shares of Ameren from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $120.00 to $126.00 in a research report on Thursday, May 21st. Argus raised their price target on shares of Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Weiss Ratings raised shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Morgan Stanley set a $115.00 price objective on shares of Ameren in a report on Wednesday, June 24th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price objective on shares of Ameren in a research report on Tuesday, April 21st. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Ameren presently has an average rating of “Moderate Buy” and a consensus price target of $119.42.

Insider Activity

In other news, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $109.08, for a total value of $35,451.00. Following the sale, the senior vice president owned 32,618 shares in the company, valued at approximately $3,557,971.44. This represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.