Legal & General Group Plc Buys New Position in Ameren Corporation $AEE

Legal & General Group Plc acquired a new stake in Ameren Corporation (NYSE:AEE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,885,661 shares of the utilities provider’s stock, valued at approximately $213,155,000. Legal & General Group Plc owned about 0.68% of Ameren as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AEE. The Manufacturers Life Insurance Company bought a new stake in shares of Ameren during the 2nd quarter worth about $61,469,000. Partners Capital Investment Group LLP bought a new position in Ameren in the 2nd quarter valued at about $291,000. Aberdeen Wealth Management LLC bought a new position in Ameren in the 2nd quarter valued at about $35,000. Visionary Wealth Advisors bought a new position in Ameren in the 2nd quarter valued at about $1,321,000. Finally, Dearborn Partners LLC acquired a new stake in Ameren during the second quarter worth approximately $602,000. Institutional investors own 79.09% of the company’s stock.

Ameren Stock Up 0.9%

Shares of AEE opened at $107.79 on Thursday. The stock’s 50-day moving average price is $110.92 and its two-hundred day moving average price is $110.31. Ameren Corporation has a 12 month low of $96.57 and a 12 month high of $118.32. The company has a market capitalization of $29.84 billion, a PE ratio of 18.98, a PEG ratio of 2.58 and a beta of 0.47. 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 (NYSE:AEE) last released 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 for 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%. 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 earned $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, analysts anticipate that Ameren Corporation will post 5.4 EPS for the current year.

Ameren Dividend Announcement

The business 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 dividend of $0.75 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.00 annualized dividend and a yield of 2.8%. Ameren’s dividend payout ratio (DPR) is 52.82%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AEE. KeyCorp raised Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price target for the company in a research note on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a research note on Friday, August 7th. Mizuho raised their target price on shares of Ameren from $122.00 to $124.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Truist Financial dropped their target price 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.42.

Insider Transactions at Ameren

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 sale, the insider directly owned 199,689 shares in the company, valued at $21,758,113.44. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.93, for a total transaction of $35,402.25. Following the completion of the transaction, the senior vice president directly owned 32,340 shares in the company, valued at $3,522,796.20. This trade represents a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is 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.