Geode Capital Management LLC Has $692.79 Million Stock Position in Ameren Corporation $AEE

Geode Capital Management LLC lifted its holdings in Ameren Corporation (NYSE:AEE) by 2.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,242,392 shares of the utilities provider’s stock after acquiring an additional 192,808 shares during the period. Geode Capital Management LLC’s holdings in Ameren were worth $692,794,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC bought a new stake in Ameren in the 1st quarter valued at about $241,496,000. Price T Rowe Associates Inc. MD raised its position in shares of Ameren by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider’s stock valued at $2,851,821,000 after buying an additional 1,355,848 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Ameren by 51.7% in the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock valued at $359,069,000 after buying an additional 1,218,509 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Ameren by 2.9% in the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock valued at $3,445,138,000 after buying an additional 979,928 shares during the period. Finally, Invesco Ltd. grew its position in Ameren by 16.1% during the first quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider’s stock worth $467,741,000 after buying an additional 646,000 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Ameren Trading Up 0.2%

AEE opened at $104.96 on Friday. The company has a market cap of $28.39 billion, a P/E 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 company’s 50 day moving average is $102.72 and its 200-day moving average is $99.70. Ameren Corporation has a 1-year low of $86.40 and a 1-year high of $106.73.

Ameren (NYSE:AEE) last released its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $2.17 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.64 billion. During the same period in the prior year, the company earned $1.87 EPS. The firm’s quarterly revenue 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. Equities research analysts predict that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be issued a dividend of $0.71 per share. 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 (DPR) is 54.62%.

Insider Transactions at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’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 value of $101,790.00. Following the completion of the transaction, the senior vice president owned 9,129 shares in the company, valued at $929,240.91. This trade represents a 9.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $101.44, for a total transaction of $659,360.00. Following the sale, the chief financial officer owned 198,973 shares in the company, valued at approximately $20,183,821.12. This represents a 3.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a research report on Thursday. Morgan Stanley boosted their price target on Ameren from $104.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada raised shares of Ameren to a “hold” rating in a research report on Tuesday, October 28th. KeyCorp raised their target price on shares of Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Finally, Barclays set a $113.00 price target on shares of Ameren in a report on Tuesday, October 21st. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.50.

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.