VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $12.77 Million Investment in Ameren Corporation $AEE

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Ameren Corporation (NYSE:AEE) in the second quarter, HoldingsChannel.com reports. The firm acquired 112,928 shares of the utilities provider’s stock, valued at approximately $12,765,000.

Other hedge funds also recently modified their holdings of the company. California State Teachers Retirement System raised its holdings in Ameren by 11,497.8% during the second quarter. California State Teachers Retirement System now owns 36,403,854 shares of the utilities provider’s stock worth $4,115,092,000 after acquiring an additional 36,089,967 shares in the last quarter. BlackRock Inc. acquired a new position in Ameren during the second quarter valued at approximately $2,918,526,000. T. Rowe Price Investment Management Inc. boosted its position in Ameren by 2.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 15,885,476 shares of the utilities provider’s stock valued at $1,586,324,000 after purchasing an additional 362,052 shares during the last quarter. State Street Corp grew its stake in Ameren by 3.3% in the fourth quarter. State Street Corp now owns 14,503,721 shares of the utilities provider’s stock valued at $1,448,342,000 after purchasing an additional 457,876 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Ameren by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 6,223,010 shares of the utilities provider’s stock valued at $597,673,000 after purchasing an additional 179,137 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

Insider Buying and Selling at Ameren

In related news, SVP Theresa A. Shaw sold 325 shares of Ameren stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the completion of the sale, the senior vice president owned 32,340 shares of the company’s stock, valued at approximately $3,522,796.20. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $108.96, for a total transaction of $708,240.00. Following the completion of the transaction, the insider owned 199,689 shares in the company, valued at approximately $21,758,113.44. This trade represents a 3.15% 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. 0.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AEE. Barclays upped their price objective on Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Wall Street Zen lowered shares of Ameren from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. KeyCorp upgraded shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price target for the company in a research note on Thursday, July 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ameren in a research report on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ameren currently has an average rating of “Moderate Buy” and an average price target of $121.42.

Ameren Stock Performance

AEE opened at $106.34 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.53 and a debt-to-equity ratio of 1.38. Ameren Corporation has a 12-month low of $96.57 and a 12-month high of $118.32. The business has a 50 day moving average of $109.97 and a 200-day moving average of $110.22. The stock has a market cap of $29.44 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 3.11 and a beta of 0.46.

Ameren (NYSE:AEE) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the firm earned $1.01 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities research analysts expect that Ameren Corporation will post 5.4 earnings per share for the current year.

Ameren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a $0.75 dividend. 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 currently 52.82%.

About Ameren

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.