The Manufacturers Life Insurance Company Makes New Investment in Ameren Corporation $AEE

The Manufacturers Life Insurance Company bought a new stake in shares of Ameren Corporation (NYSE:AEE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 543,780 shares of the utilities provider’s stock, valued at approximately $61,469,000.

Several other large investors have also modified their holdings of AEE. Keating Financial Advisory Services Inc. purchased a new stake in shares of Ameren in the 2nd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd increased its holdings in Ameren by 285.5% during the third 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 during the period. Garton & Associates Financial Advisors LLC purchased a new position in Ameren during the fourth quarter valued at approximately $29,000. Osterweis Capital Management Inc. raised its stake 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 buying an additional 302 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Ameren by 74.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock worth $33,000 after buying an additional 125 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

Insiders Place Their Bets

In other news, insider Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $108.96, for a total transaction of $708,240.00. Following the sale, the insider directly owned 199,689 shares of the company’s stock, valued at $21,758,113.44. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $108.93, for a total value of $35,402.25. Following the completion of the transaction, the senior vice president directly owned 32,340 shares in the company, valued at approximately $3,522,796.20. The trade was a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by insiders.

Analyst Ratings Changes

AEE has been the topic of several recent research reports. Wall Street Zen cut Ameren from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a report on Friday, August 7th. Mizuho upped their price objective on Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, August 3rd. Truist Financial dropped their price objective on Ameren from $124.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Finally, Morgan Stanley cut their target price on Ameren from $118.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Friday, August 21st. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.42.

Ameren Price Performance

Shares of AEE stock opened at $106.94 on Wednesday. Ameren Corporation has a fifty-two week low of $96.57 and a fifty-two week high of $118.32. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. The firm has a market capitalization of $29.61 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 2.59 and a beta of 0.47. The stock’s 50-day simple moving average is $110.94 and its 200-day simple moving average is $110.29.

Ameren (NYSE:AEE) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. Ameren’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the business earned $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities analysts forecast that Ameren Corporation will post 5.4 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, September 30th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 8th. Ameren’s payout ratio is presently 52.82%.

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.