TD Waterhouse Canada Inc. Sells 5,408 Shares of Ameren Corporation $AEE

TD Waterhouse Canada Inc. reduced its stake in shares of Ameren Corporation (NYSE:AEE) by 61.7% during the second quarter, Holdings Channel reports. The firm owned 3,361 shares of the utilities provider’s stock after selling 5,408 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Ameren were worth $324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Ameren during the 1st quarter valued at about $25,000. NewSquare Capital LLC boosted its position in Ameren by 70.9% during the 2nd quarter. NewSquare Capital LLC now owns 258 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 107 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of Ameren by 728.9% during the 2nd quarter. Addison Advisors LLC now owns 315 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 277 shares during the period. Fortitude Family Office LLC grew its holdings in shares of Ameren by 600.0% during the 2nd quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 294 shares during the period. Finally, SouthState Corp bought a new position in shares of Ameren in the 1st quarter worth approximately $34,000. 79.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 198,973 shares of the company’s stock, valued at $20,183,821.12. This represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by insiders.

Ameren Stock Up 0.3%

Shares of Ameren stock opened at $104.84 on Tuesday. The company has a 50-day simple moving average of $103.24 and a two-hundred day simple moving average of $99.93. The stock has a market capitalization of $28.36 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.50. Ameren Corporation has a 52-week low of $86.40 and a 52-week high of $106.73. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $2.17 EPS 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 firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the company posted $1.87 earnings per share. The business’s revenue for the quarter was up 24.2% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. FY 2025 guidance at 4.900-5.100 EPS. On average, analysts anticipate that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AEE shares. Mizuho lifted their price target on Ameren from $108.00 to $114.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Wells Fargo & Company assumed coverage on shares of Ameren in a report on Monday, October 27th. They set an “overweight” rating and a $112.00 target price on the stock. Morgan Stanley increased their price target on shares of Ameren from $104.00 to $111.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. KeyCorp upped their price objective on shares of Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a report on Wednesday, November 19th. 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 MarketBeat.com, Ameren has an average rating of “Moderate Buy” and a consensus target price of $109.50.

Ameren 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.