Geode Capital Management LLC Purchases 192,808 Shares of Ameren Corporation $AEE

Geode Capital Management LLC grew its position in Ameren Corporation (NYSE:AEE) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,242,392 shares of the utilities provider’s stock after purchasing an additional 192,808 shares during the period. Geode Capital Management LLC owned about 2.68% of Ameren worth $692,794,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in Ameren by 7.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 100,949 shares of the utilities provider’s stock worth $10,135,000 after buying an additional 6,598 shares during the period. Cerity Partners LLC increased its holdings in shares of Ameren by 18.5% in the first quarter. Cerity Partners LLC now owns 27,435 shares of the utilities provider’s stock worth $2,755,000 after acquiring an additional 4,292 shares in the last quarter. Whittier Trust Co. raised its position in shares of Ameren by 29.6% during the first quarter. Whittier Trust Co. now owns 499 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 114 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Ameren by 3.7% during the 1st quarter. Larson Financial Group LLC now owns 4,094 shares of the utilities provider’s stock valued at $411,000 after purchasing an additional 145 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in shares of Ameren by 13.6% in the 1st quarter. Cullen Frost Bankers Inc. now owns 5,856 shares of the utilities provider’s stock valued at $588,000 after purchasing an additional 699 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AEE. Barclays set a $113.00 target price on shares of Ameren in a report on Tuesday, October 21st. Mizuho increased their price objective on shares of Ameren from $108.00 to $114.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. KeyCorp boosted their price objective on shares of Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ameren in a research note on Thursday. Finally, Wells Fargo & Company initiated coverage on Ameren in a research note on Monday, October 27th. They issued an “overweight” rating and a $112.00 price target on the stock. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $109.50.

Ameren Trading Up 0.2%

NYSE AEE opened at $104.96 on Friday. The company has a market cap of $28.39 billion, a PE ratio of 23.07, a PEG ratio of 2.57 and a beta of 0.50. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51. The stock has a 50 day moving average of $102.72 and a 200-day moving average of $99.70. Ameren Corporation has a 12 month low of $86.40 and a 12 month high of $106.73.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.07. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter last year, the company posted $1.87 earnings per share. Ameren’s quarterly revenue was up 24.2% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. FY 2025 guidance at 4.900-5.100 EPS. On average, equities research analysts anticipate that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be given a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. Ameren’s dividend payout ratio is presently 54.62%.

Insider Transactions at Ameren

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $101.44, for a total value of $659,360.00. Following the transaction, the chief financial officer directly owned 198,973 shares of the company’s stock, valued at $20,183,821.12. This represents a 3.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gwendolyn G. Mizell sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the sale, the senior vice president owned 9,129 shares of the company’s stock, valued at approximately $929,240.91. This represents a 9.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.42% of the company’s stock.

Ameren Company Profile

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.