Corient Private Wealth LP Takes Position in Ameren Corporation $AEE

Corient Private Wealth LP bought a new stake in Ameren Corporation (NYSE:AEE) in the 2nd quarter, Holdings Channel.com reports. The firm bought 128,907 shares of the utilities provider’s stock, valued at approximately $14,572,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. acquired a new position in Ameren during the second quarter worth approximately $2,918,526,000. Jupiter Topco LLC acquired a new stake in shares of Ameren in the second quarter valued at approximately $578,254,000. Deutsche Bank AG acquired a new stake in shares of Ameren in the second quarter valued at approximately $253,519,000. Bank of America Corp DE bought a new position in shares of Ameren during the 2nd quarter worth approximately $245,881,000. Finally, Legal & General Group Plc bought a new position in shares of Ameren during the 2nd quarter worth approximately $213,155,000. Institutional investors own 79.09% of the company’s stock.

Ameren Stock Performance

AEE opened at $106.07 on Friday. The business has a fifty day simple moving average of $110.83 and a 200 day simple moving average of $110.29. The company has a market capitalization of $29.36 billion, a PE ratio of 18.67, a price-to-earnings-growth 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 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 issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.27 billion. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Research analysts expect that Ameren Corporation will post 5.4 EPS for the current year.

Ameren Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Barclays boosted their target price on Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ameren in a research report on Friday, August 7th. Morgan Stanley decreased their price objective on shares of Ameren from $118.00 to $114.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. BMO Capital Markets dropped their price objective on shares of Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Finally, KeyCorp upgraded shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 target price for the company in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.42.

Insider Activity

In other Ameren news, insider Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $108.96, for a total value of $708,240.00. Following the completion of the sale, the insider owned 199,689 shares of the company’s stock, valued at $21,758,113.44. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 that occurred on Friday, August 14th. The stock was sold at an average price of $108.93, for a total transaction of $35,402.25. Following the transaction, the senior vice president owned 32,340 shares in the company, valued at approximately $3,522,796.20. The trade was 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.

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.