Great Lakes Advisors LLC Acquires New Shares in Ameren Corporation $AEE

Great Lakes Advisors LLC acquired a new position 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 institutional investor acquired 46,500 shares of the utilities provider’s stock, valued at approximately $5,256,000.

Several other large investors have also added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in shares of Ameren by 22.9% in the first quarter. NewEdge Advisors LLC now owns 8,077 shares of the utilities provider’s stock worth $811,000 after buying an additional 1,503 shares in the last quarter. Empowered Funds LLC grew its stake in Ameren by 19.8% during the first quarter. Empowered Funds LLC now owns 6,255 shares of the utilities provider’s stock valued at $628,000 after acquiring an additional 1,034 shares in the last quarter. Woodline Partners LP grew its stake in Ameren by 42.2% during the first quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock valued at $2,289,000 after acquiring an additional 6,772 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Ameren by 48.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,555 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 505 shares during the period. Finally, Brown Advisory Inc. increased its holdings in Ameren by 6.3% during the 2nd quarter. Brown Advisory Inc. now owns 4,688 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 277 shares during the period. Institutional investors own 79.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on AEE shares. BMO Capital Markets cut their price target on shares of Ameren from $121.00 to $119.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Truist Financial decreased their price target on shares of Ameren from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Monday. Mizuho increased their price objective on Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. BTIG Research set a $126.00 price objective on Ameren in a research note on Thursday, July 23rd. Finally, Wall Street Zen cut Ameren from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.75.

Insiders Place Their Bets

In other Ameren news, insider Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $108.96, for a total transaction of $708,240.00. Following the completion of the sale, the insider 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 document filed with the SEC, which is available at 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 dated Friday, August 14th. The stock was 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 owned 32,340 shares of the company’s stock, valued at $3,522,796.20. The trade was a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by corporate insiders.

Ameren Trading Down 0.4%

Shares of Ameren stock opened at $109.28 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.53 and a quick ratio of 0.37. Ameren Corporation has a 1 year low of $96.57 and a 1 year high of $118.32. The firm has a market cap of $30.25 billion, a PE ratio of 19.24, a PEG ratio of 2.65 and a beta of 0.47. The company has a 50 day simple moving average of $111.10 and a two-hundred day simple moving average of $110.19.

Ameren (NYSE:AEE) last issued its quarterly 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 firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Analysts expect that Ameren Corporation will post 5.4 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, September 30th. Investors of record on Tuesday, September 8th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 8th. Ameren’s dividend payout ratio is currently 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.