T3 Companies LLC bought a new stake in shares of Ameren Corporation (NYSE:AEE – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,000 shares of the utilities provider’s stock, valued at approximately $596,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Ameren in the 2nd quarter valued at $2,918,526,000. Janus Henderson Group PLC boosted its holdings 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 valued at $591,056,000 after purchasing an additional 553,164 shares during the last quarter. Jupiter Topco LLC bought a new position in shares of Ameren during the 2nd quarter valued at about $578,254,000. Bessemer Group Inc. boosted its holdings in shares of Ameren by 0.7% during the 1st quarter. Bessemer Group Inc. now owns 2,758,605 shares of the utilities provider’s stock valued at $303,227,000 after purchasing an additional 18,526 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Ameren during the second quarter valued at about $253,519,000. 79.09% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on AEE shares. Scotiabank initiated coverage on Ameren in a report on Tuesday, September 29th. They issued a “sector perform” rating and a $104.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Ameren in a research note on Friday, August 7th. Truist Financial cut their price target on Ameren from $120.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. KeyCorp raised their price target on Ameren from $116.00 to $122.00 and gave the company an “overweight” rating in a report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Ameren currently has an average rating of “Moderate Buy” and an average price target of $116.74.
Check Out Our Latest Stock Report on Ameren
Ameren Price Performance
AEE stock opened at $108.89 on Friday. Ameren Corporation has a 52 week low of $96.57 and a 52 week high of $118.32. The company has a quick ratio of 0.37, a current ratio of 0.53 and a debt-to-equity ratio of 1.38. The company has a fifty day simple moving average of $104.37 and a two-hundred day simple moving average of $108.45. The firm has a market capitalization of $30.14 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 3.11 and a beta of 0.44.
Ameren (NYSE:AEE – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the company posted $1.01 EPS. The business’s revenue was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Analysts anticipate that Ameren Corporation will post 5.40 earnings per share for the current fiscal year.
Ameren Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 8th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. Ameren’s dividend payout ratio (DPR) is presently 52.82%.
Insider Activity at Ameren
In related news, SVP Theresa Shaw sold 325 shares of Ameren stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.93, for a total value of $35,402.25. Following the completion of the transaction, the senior vice president owned 32,340 shares in the company, valued at approximately $3,522,796.20. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Moehn sold 6,500 shares of the business’s stock in a transaction that occurred 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 directly owned 199,689 shares in the company, valued at $21,758,113.44. The trade was a 3.15% 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. In the last quarter, insiders sold 7,073 shares of company stock valued at $769,814. Insiders own 0.29% of the company’s stock.
About Ameren
Ameren Corporation is a regulated electric and natural gas utility holding company headquartered in St. Louis, Missouri. Through its operating companies, Ameren Missouri and Ameren Illinois, the company provides electric generation, transmission and distribution services, as well as natural gas distribution.
Ameren serves approximately 2.5 million electric customers and more than 900,000 natural gas customers across Missouri and Illinois. Its operations include a diverse generation portfolio and infrastructure designed to deliver reliable energy to residential, commercial and industrial customers, while supporting the transition toward cleaner energy resources.
Ameren was formed in 1997 through the merger of Union Electric Company and CIPSCO Inc The company is led by Martin J.
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