T. Rowe Price Investment Management Inc. Grows Stock Holdings in Ameren Corporation $AEE

T. Rowe Price Investment Management Inc. lifted its stake in Ameren Corporation (NYSE:AEE) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,885,476 shares of the utilities provider’s stock after purchasing an additional 362,052 shares during the quarter. Ameren makes up about 1.0% of T. Rowe Price Investment Management Inc.’s portfolio, making the stock its 19th largest holding. T. Rowe Price Investment Management Inc. owned approximately 0.06% of Ameren worth $1,586,324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its position in Ameren by 285.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after buying an additional 197 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in Ameren during the fourth quarter valued at $29,000. Osterweis Capital Management Inc. boosted its holdings in Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 302 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Ameren by 6,080.0% in the fourth 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, Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Ameren by 45.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AEE shares. BTIG Research initiated coverage on Ameren in a report on Thursday, April 9th. They set a “buy” rating and a $131.00 price target for the company. Morgan Stanley set a $110.00 price target on shares of Ameren in a research note on Thursday, May 21st. Wells Fargo & Company reissued an “overweight” rating and set a $120.00 price objective on shares of Ameren in a research report on Tuesday, April 21st. Truist Financial reduced their price objective on shares of Ameren from $126.00 to $121.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. raised shares of Ameren from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $126.00 in a report on Thursday, May 21st. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.54.

Insider Transactions at Ameren

In other news, SVP Theresa A. Shaw sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total transaction of $164,025.00. Following 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 position. 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. Corporate insiders own 0.29% of the company’s stock.

Ameren Stock Down 0.3%

Ameren stock opened at $108.59 on Friday. Ameren Corporation has a 12 month low of $94.20 and a 12 month high of $115.58. The stock has a fifty day simple moving average of $109.92 and a two-hundred day simple moving average of $106.89. 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 firm has a market cap of $30.05 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.19 and a beta of 0.47.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities analysts predict that Ameren Corporation will post 5.36 EPS for the current fiscal year.

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.00 annualized dividend and a yield of 2.8%. Ameren’s dividend payout ratio is currently 53.96%.

Ameren 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.