Ameren Corporation $AEE Shares Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its stake in shares of Ameren Corporation (NYSE:AEE) by 28.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 91,123 shares of the utilities provider’s stock after buying an additional 20,138 shares during the period. Wealthfront Advisers LLC’s holdings in Ameren were worth $10,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AEE. D.A. Davidson & CO. grew its holdings in Ameren by 3.0% during the first quarter. D.A. Davidson & CO. now owns 37,651 shares of the utilities provider’s stock worth $4,139,000 after acquiring an additional 1,079 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Ameren by 133.9% in the first quarter. Illinois Municipal Retirement Fund now owns 121,137 shares of the utilities provider’s stock valued at $13,315,000 after acquiring an additional 69,341 shares during the period. Checchi Capital Advisers LLC lifted its holdings in Ameren by 30.3% in the first quarter. Checchi Capital Advisers LLC now owns 3,052 shares of the utilities provider’s stock valued at $336,000 after acquiring an additional 710 shares during the period. ABC Arbitrage SA purchased a new stake in Ameren in the 1st quarter worth approximately $1,477,000. Finally, Retirement Planning Group LLC purchased a new stake in Ameren in the 1st quarter worth approximately $222,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Buying and Selling

In related news, SVP Theresa A. Shaw sold 325 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were 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 owned 32,618 shares of the company’s stock, valued at approximately $3,557,971.44. The trade was a 0.99% decrease in their position. The sale was disclosed in a legal 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. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AEE. BTIG Research initiated coverage on shares of Ameren in a report on Thursday, April 9th. They set a “buy” rating and a $131.00 target price for the company. Wall Street Zen downgraded shares of Ameren from a “hold” rating to a “sell” rating in a report on Monday, May 25th. Morgan Stanley set a $115.00 price target on shares of Ameren in a research report on Wednesday, June 24th. Argus lifted their price objective on shares of Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Finally, Truist Financial lifted their price objective on shares of Ameren from $121.00 to $124.00 and gave the company a “buy” rating in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.67.

Ameren Stock Performance

Shares of AEE stock opened at $111.60 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. Ameren Corporation has a 12-month low of $96.57 and a 12-month high of $118.32. The business’s 50 day moving average is $110.52 and its two-hundred day moving average is $108.82. The company has a market capitalization of $30.88 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.74 and a beta of 0.47.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The business’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Analysts expect that Ameren Corporation will post 5.38 EPS for the current fiscal year.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. Ameren’s dividend payout ratio (DPR) is currently 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.