Avestar Capital LLC Has $1.33 Million Position in Ameren Corporation $AEE

Avestar Capital LLC boosted its stake in shares of Ameren Corporation (NYSE:AEE) by 61.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,284 shares of the utilities provider’s stock after purchasing an additional 5,062 shares during the period. Avestar Capital LLC’s holdings in Ameren were worth $1,327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc grew its position in Ameren by 18.2% during the fourth quarter. CIBC Asset Management Inc now owns 166,768 shares of the utilities provider’s stock valued at $16,653,000 after purchasing an additional 25,626 shares in the last quarter. Bank of New York Mellon Corp grew its position in Ameren by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,546,189 shares of the utilities provider’s stock valued at $154,402,000 after purchasing an additional 6,108 shares in the last quarter. Natixis Advisors LLC grew its position in Ameren by 18.1% during the fourth quarter. Natixis Advisors LLC now owns 77,848 shares of the utilities provider’s stock valued at $7,774,000 after purchasing an additional 11,917 shares in the last quarter. Beto Financial Group LLC purchased a new position in Ameren during the fourth quarter valued at approximately $283,000. Finally, New Mexico Educational Retirement Board grew its position in Ameren by 1.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 12,446 shares of the utilities provider’s stock valued at $1,243,000 after purchasing an additional 200 shares in the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ameren

In related news, SVP Theresa A. Shaw sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total transaction of $164,025.00. Following the transaction, the senior vice president owned 32,943 shares of the company’s stock, valued at approximately $3,602,317.05. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AEE. Weiss Ratings raised shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Mizuho set a $117.00 price objective on shares of Ameren in a research report on Friday, February 13th. Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 target price on shares of Ameren in a research note on Tuesday, April 21st. Argus lifted their target price on shares of Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, March 23rd. Finally, Barclays lifted their target price on shares of Ameren from $104.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Ameren has a consensus rating of “Moderate Buy” and an average target price of $117.54.

Ameren Price Performance

NYSE AEE opened at $106.97 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The company has a fifty day simple moving average of $110.19 and a 200 day simple moving average of $106.62. The company has a market cap of $29.60 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.14 and a beta of 0.47. Ameren Corporation has a 1 year low of $93.50 and a 1 year high of $115.58.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.11. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. Ameren had a net margin of 17.17% and a return on equity of 10.94%. Ameren’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, sell-side analysts predict that Ameren Corporation will post 5.36 EPS for the current year.

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. Ameren’s payout ratio is 53.96%.

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.