TD Asset Management Inc Has $12.88 Million Stock Position in Ameren Corporation $AEE

TD Asset Management Inc reduced its position in shares of Ameren Corporation (NYSE:AEE) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 129,021 shares of the utilities provider’s stock after selling 20,225 shares during the quarter. TD Asset Management Inc’s holdings in Ameren were worth $12,884,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Ameren by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock worth $3,559,565,000 after buying an additional 495,945 shares during the period. State Street Corp raised its stake in Ameren by 2.4% during the 3rd quarter. State Street Corp now owns 14,045,845 shares of the utilities provider’s stock worth $1,466,105,000 after buying an additional 328,401 shares during the period. Ameriprise Financial Inc. raised its stake in Ameren by 1.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,283,529 shares of the utilities provider’s stock worth $655,892,000 after buying an additional 60,519 shares during the period. Invesco Ltd. raised its stake in Ameren by 1.0% during the 3rd quarter. Invesco Ltd. now owns 5,140,239 shares of the utilities provider’s stock worth $536,538,000 after buying an additional 49,282 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Ameren by 68.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,080,775 shares of the utilities provider’s stock worth $425,951,000 after buying an additional 1,661,019 shares during the period. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Stock Performance

Shares of Ameren stock opened at $107.27 on Tuesday. The company has a market cap of $29.69 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.20 and a beta of 0.47. Ameren Corporation has a 52 week low of $93.50 and a 52 week high of $115.58. The business has a 50 day moving average price of $110.19 and a 200-day moving average price of $106.66. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 1.39.

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

Ameren Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on AEE. Truist Financial dropped their price target on Ameren from $126.00 to $121.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Mizuho set a $117.00 price target on Ameren in a research note on Friday, February 13th. UBS Group upped their price target on Ameren from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. BTIG Research began coverage on Ameren in a research note on Thursday, April 9th. They issued a “buy” rating and a $131.00 price objective for the company. Finally, BMO Capital Markets increased their price objective on Ameren from $112.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Ameren presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.54.

Insider Activity at Ameren

In other news, SVP Theresa A. Shaw sold 325 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $109.08, for a total value of $35,451.00. Following the completion of the sale, the senior vice president directly owned 32,618 shares of the company’s stock, valued at $3,557,971.44. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by company insiders.

About Ameren

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.