Sumitomo Mitsui Trust Group Inc. Has $71.24 Million Stake in Ameren Corporation $AEE

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Ameren Corporation (NYSE:AEE) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 648,119 shares of the utilities provider’s stock after buying an additional 10,760 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Ameren were worth $71,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Fortitude Advisory Group L.L.C. increased its stake in shares of Ameren by 4.3% in the 1st quarter. Fortitude Advisory Group L.L.C. now owns 2,269 shares of the utilities provider’s stock valued at $249,000 after acquiring an additional 93 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in Ameren by 19.4% during the 1st quarter. GHP Investment Advisors Inc. now owns 602 shares of the utilities provider’s stock worth $66,000 after acquiring an additional 98 shares during the last quarter. Kentucky Trust Co grew its holdings in Ameren by 0.7% during the fourth quarter. Kentucky Trust Co now owns 14,759 shares of the utilities provider’s stock valued at $1,474,000 after purchasing an additional 100 shares during the period. Segment Wealth Management LLC grew its holdings in Ameren by 3.5% during the fourth quarter. Segment Wealth Management LLC now owns 3,045 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 104 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in Ameren by 45.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 349 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 109 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ameren

In related news, SVP Theresa A. Shaw sold 1,500 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total transaction of $164,025.00. Following the completion of the transaction, the senior vice president directly owned 32,943 shares in the company, valued at approximately $3,602,317.05. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by corporate insiders.

Ameren Stock Up 1.1%

Shares of NYSE:AEE traded up $1.22 during midday trading on Friday, reaching $112.99. 1,173,944 shares of the company were exchanged, compared to its average volume of 1,815,485. The firm has a market cap of $31.27 billion, a PE ratio of 20.32, a P/E/G ratio of 2.27 and a beta of 0.47. Ameren Corporation has a fifty-two week low of $95.15 and a fifty-two week high of $118.32. The stock has a fifty day simple moving average of $110.32 and a two-hundred day simple moving average of $108.38. 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 announced its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.24 billion. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, sell-side analysts forecast that Ameren Corporation will post 5.38 earnings per share for the current year.

Ameren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 9th. Ameren’s dividend payout ratio is currently 53.96%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. BTIG Research started coverage on shares of Ameren in a research report on Thursday, April 9th. They issued a “buy” rating and a $131.00 price objective for the company. Wall Street Zen downgraded Ameren from a “hold” rating to a “sell” rating in a research note on Monday, May 25th. Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 target price on shares of Ameren in a report on Tuesday, April 21st. Finally, Morgan Stanley set a $115.00 target price on Ameren in a report on Wednesday, June 24th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.50.

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.