Aware Super Pty Ltd as trustee of Aware Super Makes New $3.95 Million Investment in Ameren Corporation $AEE

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Ameren Corporation (NYSE:AEE) in the first quarter, HoldingsChannel reports. The firm bought 35,940 shares of the utilities provider’s stock, valued at approximately $3,951,000.

Several other hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC boosted its position in shares of Ameren by 28.4% during the first quarter. Wealthfront Advisers LLC now owns 91,123 shares of the utilities provider’s stock valued at $10,016,000 after purchasing an additional 20,138 shares in the last quarter. D.A. Davidson & CO. lifted its position in Ameren by 3.0% during the first quarter. D.A. Davidson & CO. now owns 37,651 shares of the utilities provider’s stock valued at $4,139,000 after buying an additional 1,079 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Ameren by 133.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 121,137 shares of the utilities provider’s stock valued at $13,315,000 after buying an additional 69,341 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Ameren by 30.3% during the 1st quarter. Checchi Capital Advisers LLC now owns 3,052 shares of the utilities provider’s stock valued at $336,000 after buying an additional 710 shares in the last quarter. Finally, ABC Arbitrage SA bought a new stake in shares of Ameren during the 1st quarter valued at $1,477,000. 79.09% of the stock is currently owned by institutional investors.

Ameren Stock Down 1.3%

AEE stock opened at $111.60 on Friday. Ameren Corporation has a one year low of $96.57 and a one year high of $118.32. The firm has a market cap of $30.88 billion, a PE ratio of 20.07, a PEG ratio of 2.74 and a beta of 0.47. The firm’s 50 day moving average price is $110.52 and its 200-day moving average price is $108.82. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.62.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the company earned $1.07 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities research analysts anticipate that Ameren Corporation will post 5.38 EPS for the current year.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $3.00 annualized dividend and a dividend yield of 2.7%. Ameren’s dividend payout ratio (DPR) is presently 53.96%.

Insider Activity at Ameren

In related news, SVP Theresa A. Shaw sold 1,500 shares of Ameren stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total value of $164,025.00. Following the completion of the transaction, the senior vice president owned 32,943 shares in the company, valued at approximately $3,602,317.05. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

AEE has been the subject of several research reports. Argus increased their price target on shares of Ameren from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Weiss Ratings raised shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. BTIG Research began coverage on shares of Ameren in a report on Thursday, April 9th. They issued a “buy” rating and a $131.00 price objective on the stock. Truist Financial raised their target price on shares of Ameren from $121.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Ameren currently has a consensus rating of “Moderate Buy” and an average target price of $120.67.

About Ameren

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.