Ameren Corporation $AEE Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in Ameren Corporation (NYSE:AEE) by 89.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,419,756 shares of the utilities provider’s stock after purchasing an additional 1,141,978 shares during the period. JPMorgan Chase & Co. owned about 0.89% of Ameren worth $232,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cetera Investment Advisers grew its position in Ameren by 21.8% in the first quarter. Cetera Investment Advisers now owns 72,604 shares of the utilities provider’s stock worth $7,290,000 after buying an additional 13,019 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Ameren by 35.6% during the 1st quarter. Pacer Advisors Inc. now owns 30,114 shares of the utilities provider’s stock worth $3,023,000 after acquiring an additional 7,906 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Ameren by 5.1% during the 1st quarter. HB Wealth Management LLC now owns 4,110 shares of the utilities provider’s stock worth $413,000 after acquiring an additional 198 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Ameren by 2.4% in the 1st quarter. TD Asset Management Inc now owns 112,183 shares of the utilities provider’s stock worth $11,263,000 after acquiring an additional 2,675 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Ameren by 5.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,875 shares of the utilities provider’s stock worth $6,915,000 after purchasing an additional 3,756 shares during the period. 79.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AEE shares. Wells Fargo & Company initiated coverage on Ameren in a research report on Monday, October 27th. They issued an “overweight” rating and a $112.00 price target for the company. Barclays set a $113.00 price objective on shares of Ameren in a research note on Tuesday, October 21st. Royal Bank Of Canada raised shares of Ameren to a “hold” rating in a research report on Tuesday, October 28th. Morgan Stanley boosted their price target on shares of Ameren from $104.00 to $111.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ameren in a research note on Wednesday, November 19th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $109.50.

Insiders Place Their Bets

In other news, CFO Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $101.44, for a total transaction of $659,360.00. Following the completion of the sale, the chief financial officer directly owned 198,973 shares of the company’s stock, valued at $20,183,821.12. This trade represents a 3.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is currently owned by insiders.

Ameren Stock Performance

AEE stock opened at $104.95 on Wednesday. The firm has a 50 day simple moving average of $103.37 and a 200 day simple moving average of $99.98. Ameren Corporation has a 52 week low of $86.40 and a 52 week high of $106.73. The stock has a market cap of $28.39 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.57 and a beta of 0.50. 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 released its earnings results 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 company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the firm earned $1.87 EPS. The company’s 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. Research analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 2.7%. Ameren’s payout ratio is 54.62%.

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.