Commerce Bank Invests $20.27 Million in Ameren Corporation $AEE

Commerce Bank purchased a new stake in shares of Ameren Corporation (NYSE:AEE) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 179,331 shares of the utilities provider’s stock, valued at approximately $20,272,000. Commerce Bank owned about 0.06% of Ameren at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its stake in Ameren by 22.9% in the first quarter. NewEdge Advisors LLC now owns 8,077 shares of the utilities provider’s stock valued at $811,000 after acquiring an additional 1,503 shares during the last quarter. Empowered Funds LLC increased its position in Ameren by 19.8% during the first quarter. Empowered Funds LLC now owns 6,255 shares of the utilities provider’s stock worth $628,000 after buying an additional 1,034 shares during the last quarter. Woodline Partners LP raised its stake in shares of Ameren by 42.2% in the 1st quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock valued at $2,289,000 after acquiring an additional 6,772 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Ameren by 48.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,555 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 505 shares during the period. Finally, Brown Advisory Inc. raised its holdings in Ameren by 6.3% in the 2nd quarter. Brown Advisory Inc. now owns 4,688 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 277 shares during the period. Institutional investors own 79.09% of the company’s stock.

Insiders Place Their Bets

In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $108.93, for a total value of $35,402.25. Following the transaction, the senior vice president owned 32,340 shares of the company’s stock, valued at approximately $3,522,796.20. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, insider Michael L. Moehn sold 6,500 shares of the 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 sale, the insider owned 199,689 shares in the company, valued at $21,758,113.44. The trade was a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Mizuho upped their price target on Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Truist Financial dropped their price target on shares of Ameren from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Morgan Stanley cut their price target on shares of Ameren from $118.00 to $114.00 and set an “equal weight” rating for the company in a research note on Friday. Wall Street Zen downgraded Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, KeyCorp upgraded Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price objective on the stock in a research note on Thursday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.42.

Ameren Stock Performance

NYSE AEE opened at $106.14 on Friday. The firm has a market cap of $29.38 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.56 and a beta of 0.47. The company has a 50 day moving average of $111.06 and a 200-day moving average of $110.20. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38. Ameren Corporation has a 1-year low of $96.57 and a 1-year high of $118.32.

Ameren (NYSE:AEE) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. Ameren’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities analysts forecast that Ameren Corporation will post 5.4 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. Ameren’s payout ratio is currently 52.82%.

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.