ABC Arbitrage SA Acquires New Position in Ameren Corporation $AEE

ABC Arbitrage SA bought a new position in Ameren Corporation (NYSE:AEE) in the first quarter, Holdings Channel reports. The institutional investor bought 13,437 shares of the utilities provider’s stock, valued at approximately $1,477,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Ameren by 285.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 197 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Ameren in the 4th quarter worth approximately $29,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Ameren by 74.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 125 shares in the last quarter. Osterweis Capital Management Inc. boosted its stake in shares of Ameren by 6,040.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 302 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in shares of Ameren by 6,080.0% during the 4th quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Stock Performance

Shares of NYSE:AEE opened at $113.45 on Tuesday. 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 company has a 50-day moving average price of $110.32 and a 200-day moving average price of $108.54. The company has a market cap of $31.40 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.27 and a beta of 0.47. Ameren Corporation has a 12 month low of $95.15 and a 12 month high of $118.32.

Ameren (NYSE:AEE) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.11. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Ameren had a return on equity of 10.94% and a net margin of 17.17%.Ameren’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $1.07 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities analysts anticipate that Ameren Corporation will post 5.38 EPS for the current year.

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a dividend of $0.75 per share. 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 53.96%.

Insider Activity at Ameren

In related news, SVP Theresa A. Shaw sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total value of $164,025.00. Following the completion of the sale, the senior vice president owned 32,943 shares of the company’s stock, valued at $3,602,317.05. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AEE. Morgan Stanley set a $115.00 target price on shares of Ameren in a research report on Wednesday, June 24th. Barclays upped their price target on shares of Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. BTIG Research started coverage on Ameren in a research note on Thursday, April 9th. They set a “buy” rating and a $131.00 price objective on the stock. Truist Financial decreased their price objective on Ameren from $126.00 to $121.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Argus boosted their target price on Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.50.

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.