Summit Global Investments Invests $2.08 Million in Ameren Corporation $AEE

Summit Global Investments bought a new position in Ameren Corporation (NYSE:AEE) during the second quarter, Holdings Channel.com reports. The fund bought 18,370 shares of the utilities provider’s stock, valued at approximately $2,077,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lazard Asset Management LLC boosted its holdings in Ameren by 6,051.1% during the fourth quarter. Lazard Asset Management LLC now owns 932,017 shares of the utilities provider’s stock worth $93,071,000 after buying an additional 916,865 shares in the last quarter. Clark Capital Management Group Inc. bought a new position in shares of Ameren in the fourth quarter valued at $66,631,000. Aventail Capital Group LP acquired a new stake in shares of Ameren during the 4th quarter valued at $66,546,000. Mizuho Markets Americas LLC lifted its position in shares of Ameren by 112.0% during the 4th quarter. Mizuho Markets Americas LLC now owns 70,000 shares of the utilities provider’s stock valued at $6,990,000 after acquiring an additional 655,199 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Ameren by 11.5% during the 1st quarter. Janus Henderson Group PLC now owns 5,377,156 shares of the utilities provider’s stock worth $591,056,000 after acquiring an additional 553,164 shares in the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AEE shares. Barclays lifted their target price on Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ameren in a report on Friday, August 7th. KeyCorp upgraded Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price target for the company in a research report on Thursday, July 23rd. Truist Financial lifted their price target on Ameren from $121.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, BTIG Research set a $126.00 price objective on Ameren in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.08.

Ameren Stock Up 0.5%

Shares of NYSE:AEE opened at $109.72 on Friday. The firm has a 50 day simple moving average of $111.01 and a 200 day simple moving average of $110.02. Ameren Corporation has a 52 week low of $96.57 and a 52 week high of $118.32. 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 company has a market cap of $30.38 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.64 and a beta of 0.47.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the company posted $1.01 EPS. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, research analysts expect that Ameren Corporation will post 5.39 earnings per share for the current year.

Insider Activity at Ameren

In other news, insider Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total value of $708,240.00. Following the completion of the sale, the insider owned 199,689 shares of the company’s stock, valued at $21,758,113.44. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by company insiders.

Ameren 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.