190,000 Shares in Ameren Corporation $AEE Bought by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new position in Ameren Corporation (NYSE:AEE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 190,000 shares of the utilities provider’s stock, valued at approximately $18,973,000.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Ameren by 285.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after buying an additional 197 shares during the period. Osterweis Capital Management Inc. boosted its position in shares of Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after buying an additional 302 shares during the period. Sound Income Strategies LLC boosted its position in shares of Ameren by 6,080.0% in the fourth quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock worth $32,000 after buying an additional 304 shares during the period. Wiser Advisor Group LLC acquired a new stake in shares of Ameren in the third quarter worth $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Ameren by 45.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after buying an additional 109 shares during the period. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ameren

In other news, SVP Theresa A. Shaw sold 1,500 shares of Ameren stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total value of $164,025.00. Following the transaction, the senior vice president directly owned 32,943 shares in the company, valued at approximately $3,602,317.05. The trade was a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AEE. JPMorgan Chase & Co. raised Ameren from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $120.00 to $126.00 in a research report on Thursday, May 21st. Wall Street Zen cut Ameren from a “hold” rating to a “sell” rating in a research report on Monday, May 25th. UBS Group increased their price objective on Ameren from $125.00 to $127.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Truist Financial cut their price objective on Ameren from $126.00 to $121.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 price objective on shares of Ameren in a report on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Ameren currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.54.

Ameren Trading Up 0.6%

Ameren stock opened at $109.69 on Tuesday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.62. The business’s 50-day simple moving average is $110.05 and its 200-day simple moving average is $106.82. The firm has a market capitalization of $30.36 billion, a PE ratio of 19.73, a PEG ratio of 2.19 and a beta of 0.47. Ameren Corporation has a 52 week low of $93.50 and a 52 week high of $115.58.

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

Ameren Dividend Announcement

The firm 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 is Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.7%. Ameren’s payout ratio is presently 53.96%.

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.