Daiichi Life Insurance Co. Ltd. Invests $781,000 in Ameren Corporation $AEE

Daiichi Life Insurance Co. Ltd. bought a new position in shares of Ameren Corporation (NYSE:AEE) in the second quarter, HoldingsChannel reports. The fund bought 6,909 shares of the utilities provider’s stock, valued at approximately $781,000.

Several other large investors have also recently bought and sold shares of the business. Commerce Bank purchased a new position in shares of Ameren in the 2nd quarter valued at about $20,272,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Ameren in the 2nd quarter valued at $2,963,000. Evolve Private Wealth LLC purchased a new stake in shares of Ameren in the second quarter valued at about $217,000. Westpac Banking Corp purchased a new stake in Ameren during the 2nd quarter valued at approximately $1,102,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Ameren during the second quarter worth $1,189,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AEE. KeyCorp upgraded shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price target on the stock in a research note on Thursday, July 23rd. Mizuho raised their price objective on shares of Ameren from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Truist Financial lowered their price objective on Ameren from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Morgan Stanley dropped their target price on Ameren from $118.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.42.

Insider Transactions at Ameren

In other Ameren news, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $108.96, for a total value of $708,240.00. Following the completion of the transaction, the insider directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of Ameren stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the sale, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

Ameren Price Performance

Shares of NYSE AEE opened at $107.12 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. Ameren Corporation has a one year low of $96.57 and a one year high of $118.32. The firm has a market capitalization of $29.66 billion, a P/E ratio of 18.86, a PEG ratio of 2.56 and a beta of 0.47. The company’s fifty day moving average is $111.00 and its two-hundred day moving average is $110.28.

Ameren (NYSE:AEE) last announced its quarterly 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 business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The business’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Analysts forecast that Ameren Corporation will post 5.4 EPS for the current fiscal year.

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 8th. Ameren’s dividend payout ratio is presently 52.82%.

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.