Man Group plc Buys Shares of 39,702 Ameren Corporation $AEE

Man Group plc purchased a new position in shares of Ameren Corporation (NYSE:AEE) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 39,702 shares of the utilities provider’s stock, valued at approximately $4,488,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. bought a new position in Ameren in the second quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Ameren by 285.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 197 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Ameren in the 4th quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Ameren by 74.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 125 shares during the last quarter. Finally, Osterweis Capital Management Inc. increased its position in shares of Ameren by 6,040.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 302 shares during the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Stock Performance

Shares of Ameren stock opened at $106.07 on Monday. Ameren Corporation has a 1-year low of $96.57 and a 1-year high of $118.32. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38. The business has a 50-day moving average price of $110.83 and a two-hundred day moving average price of $110.34. The company has a market cap of $29.36 billion, a P/E ratio of 18.67, a PEG ratio of 2.56 and a beta of 0.47.

Ameren (NYSE:AEE) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the business posted $1.01 EPS. The firm’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. As a group, analysts anticipate that Ameren Corporation will post 5.4 EPS for the current year.

Ameren Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction that occurred on 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $108.93, for a total value of $35,402.25. Following the sale, the senior vice president owned 32,340 shares in the company, valued at approximately $3,522,796.20. This represents 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.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AEE shares. BTIG Research set a $126.00 target price on Ameren in a research report on Thursday, July 23rd. 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 report on Thursday, July 23rd. Wall Street Zen downgraded shares of Ameren from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Truist Financial lowered their price objective on shares of Ameren from $124.00 to $120.00 and set a “buy” rating for the company in a report on Monday, August 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a research note 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.42.

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.