NFJ Investment Group LLC Purchases New Holdings in Ameren Corporation $AEE

NFJ Investment Group LLC acquired a new position in Ameren Corporation (NYSE:AEE) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 47,704 shares of the utilities provider’s stock, valued at approximately $5,392,000.

Several other large investors have also recently bought and sold shares of AEE. Vanguard Group Inc. lifted its stake in shares of Ameren by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock valued at $3,559,565,000 after acquiring an additional 495,945 shares during the period. BlackRock Inc. bought a new position in Ameren in the second quarter valued at about $2,918,526,000. T. Rowe Price Investment Management Inc. increased its position in Ameren by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 15,885,476 shares of the utilities provider’s stock worth $1,586,324,000 after purchasing an additional 362,052 shares during the period. State Street Corp increased its position in Ameren by 3.3% in the fourth quarter. State Street Corp now owns 14,503,721 shares of the utilities provider’s stock worth $1,448,342,000 after purchasing an additional 457,876 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Ameren by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,223,010 shares of the utilities provider’s stock worth $597,673,000 after purchasing an additional 179,137 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Transactions at Ameren

In related news, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $108.96, for a total transaction of $708,240.00. Following the completion of the transaction, the insider directly owned 199,689 shares in the company, valued at approximately $21,758,113.44. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, SVP Theresa A. Shaw sold 325 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.93, for a total value of $35,402.25. Following the completion of the sale, the senior vice president owned 32,340 shares in the company, valued at $3,522,796.20. The trade was a 0.99% 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 corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on AEE. Wall Street Zen downgraded shares of Ameren from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Mizuho lifted their price target on shares of Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. BTIG Research set a $126.00 price target on shares of Ameren in a research note on Thursday, July 23rd. BMO Capital Markets cut their price objective on shares of Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Finally, KeyCorp upgraded shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price objective on the stock in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.75.

Ameren Trading Down 0.4%

Shares of NYSE AEE opened at $108.88 on Friday. The company’s fifty day moving average is $111.11 and its 200-day moving average is $110.23. The stock has a market cap of $30.14 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 2.64 and a beta of 0.47. Ameren Corporation has a twelve month low of $96.57 and a twelve month 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.

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, topping analysts’ consensus estimates of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the prior year, the business earned $1.01 EPS. Ameren’s revenue for the quarter was down 5.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities research analysts predict that Ameren Corporation will post 5.4 EPS for the current year.

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend payout ratio is presently 52.82%.

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.