Pacer Advisors Inc. Sells 6,802 Shares of Ameren Corporation $AEE

Pacer Advisors Inc. reduced its position in shares of Ameren Corporation (NYSE:AEE) by 21.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 25,166 shares of the utilities provider’s stock after selling 6,802 shares during the quarter. Pacer Advisors Inc.’s holdings in Ameren were worth $2,766,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Amundi boosted its position in Ameren by 106.0% during the 1st quarter. Amundi now owns 919,349 shares of the utilities provider’s stock worth $101,055,000 after acquiring an additional 473,048 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 495,945 shares in the last quarter. UBS Group AG raised its holdings in shares of Ameren by 4.7% in the fourth quarter. UBS Group AG now owns 973,193 shares of the utilities provider’s stock valued at $97,183,000 after purchasing an additional 43,821 shares during the last quarter. Horizon Investments LLC raised its holdings in shares of Ameren by 193.1% in the fourth quarter. Horizon Investments LLC now owns 26,312 shares of the utilities provider’s stock valued at $2,628,000 after purchasing an additional 17,336 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Ameren by 5.2% in the fourth quarter. Franklin Resources Inc. now owns 2,473,120 shares of the utilities provider’s stock worth $246,966,000 after purchasing an additional 123,084 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total transaction of $708,240.00. Following the completion of the sale, the insider owned 199,689 shares of the company’s stock, valued at approximately $21,758,113.44. This trade represents a 3.15% 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. Also, SVP Theresa A. Shaw sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total transaction of $164,025.00. Following the completion of the sale, the senior vice president directly 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 8,325 shares of company stock worth $907,716. Insiders own 0.29% of the company’s stock.

Ameren Stock Up 0.7%

Shares of AEE opened at $108.99 on Friday. The firm’s 50-day simple moving average is $110.86 and its 200 day simple moving average is $109.84. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. The firm has a market cap of $30.17 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 2.62 and a beta of 0.47. Ameren Corporation has a 52 week low of $96.57 and a 52 week high of $118.32.

Ameren (NYSE:AEE) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.27 billion. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, analysts forecast that Ameren Corporation will post 5.39 earnings per share for the current year.

Ameren Announces Dividend

The company 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 was Tuesday, June 9th. This represents a $3.00 annualized dividend and a yield of 2.8%. Ameren’s payout ratio is 52.82%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. BMO Capital Markets reduced their target price on shares of Ameren from $121.00 to $119.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company reissued an “overweight” rating and set a $120.00 price target on shares of Ameren in a research report on Tuesday, April 21st. Barclays increased their price objective on shares of Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Mizuho lifted their target price on Ameren from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, BTIG Research set a $126.00 target price on Ameren in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.08.

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.