Magellan Asset Management Ltd Buys 69,553 Shares of Ameren Corporation $AEE

Magellan Asset Management Ltd raised its stake in shares of Ameren Corporation (NYSE:AEE) by 30.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 298,332 shares of the utilities provider’s stock after purchasing an additional 69,553 shares during the period. Magellan Asset Management Ltd’s holdings in Ameren were worth $32,793,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling 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 shares were sold at an average price of $109.35, for a total transaction of $164,025.00. Following the completion of the transaction, the senior vice president directly owned 32,943 shares of the company’s stock, valued at approximately $3,602,317.05. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 Analyst Weigh In

Several equities analysts have weighed in on AEE shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $120.00 price target on shares of Ameren in a report on Tuesday, April 21st. Wall Street Zen cut shares of Ameren from a “hold” rating to a “sell” rating in a research note on Monday, May 25th. Weiss Ratings upgraded shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Barclays lifted their target price 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. Finally, Morgan Stanley set a $115.00 target price on shares of Ameren in a report on Wednesday, June 24th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $120.67.

Ameren Stock Down 0.6%

Shares of AEE opened at $109.79 on Wednesday. The business’s 50 day moving average is $110.54 and its 200 day moving average is $109.02. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. Ameren Corporation has a 12-month low of $96.57 and a 12-month high of $118.32. The company has a market capitalization of $30.38 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.67 and a beta of 0.47.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company posted $1.07 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Research analysts expect that Ameren Corporation will post 5.39 earnings per share for the current fiscal year.

Ameren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.7%. Ameren’s dividend payout ratio is currently 53.96%.

Ameren Company 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.