Resona Asset Management Co. Ltd. Increases Stock Position in Ameren Corporation $AEE

Resona Asset Management Co. Ltd. increased its stake in Ameren Corporation (NYSE:AEE) by 8.2% in the second quarter, Holdings Channel reports. The institutional investor owned 93,969 shares of the utilities provider’s stock after acquiring an additional 7,141 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Ameren were worth $9,015,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp bought a new position in Ameren in the second quarter worth about $74,000. NewSquare Capital LLC raised its position in shares of Ameren by 70.9% during the 2nd quarter. NewSquare Capital LLC now owns 258 shares of the utilities provider’s stock worth $25,000 after buying an additional 107 shares in the last quarter. Huntington National Bank boosted its stake in Ameren by 1.7% during the 2nd quarter. Huntington National Bank now owns 10,947 shares of the utilities provider’s stock valued at $1,051,000 after purchasing an additional 186 shares in the last quarter. Machina Capital S.A.S. raised its position in Ameren by 137.6% in the second quarter. Machina Capital S.A.S. now owns 17,782 shares of the utilities provider’s stock worth $1,708,000 after acquiring an additional 10,298 shares in the last quarter. Finally, Sigma Planning Corp acquired a new stake in Ameren during the second quarter valued at approximately $444,000. 79.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AEE has been the subject of several research analyst reports. 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 objective for the company. Mizuho upped their price target on shares of Ameren from $108.00 to $114.00 and gave the company an “outperform” rating in a report on Monday, October 27th. KeyCorp increased their price target on shares of Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Barclays set a $113.00 target price on Ameren in a research report on Tuesday, October 21st. Finally, Morgan Stanley upped their price objective on Ameren from $104.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $109.50.

Insider Activity

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $101.44, for a total value of $659,360.00. Following the completion of the transaction, the chief financial officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Gwendolyn G. Mizell sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $101.79, for a total transaction of $101,790.00. Following the completion of the transaction, the senior vice president owned 9,129 shares of the company’s stock, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.42% of the stock is owned by company insiders.

Ameren Stock Up 2.5%

Shares of AEE stock opened at $104.54 on Friday. The firm has a fifty day moving average of $102.24 and a 200-day moving average of $99.49. Ameren Corporation has a 12-month low of $86.40 and a 12-month high of $106.73. The company has a market capitalization of $28.27 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 2.57 and a beta of 0.50. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51.

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

Ameren Announces Dividend

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

About Ameren

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.