1832 Asset Management L.P. Has $9.22 Million Position in Ameren Corporation $AEE

1832 Asset Management L.P. increased its stake in shares of Ameren Corporation (NYSE:AEE) by 287.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,000 shares of the utilities provider’s stock after acquiring an additional 71,225 shares during the quarter. 1832 Asset Management L.P.’s holdings in Ameren were worth $9,220,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. QRG Capital Management Inc. boosted its holdings in Ameren by 5.7% in the second quarter. QRG Capital Management Inc. now owns 55,788 shares of the utilities provider’s stock worth $5,358,000 after acquiring an additional 3,006 shares in the last quarter. Focus Partners Wealth raised its position in shares of Ameren by 10.0% during the first quarter. Focus Partners Wealth now owns 34,201 shares of the utilities provider’s stock worth $3,434,000 after purchasing an additional 3,112 shares during the period. Intech Investment Management LLC raised its position in shares of Ameren by 61.6% during the first quarter. Intech Investment Management LLC now owns 22,605 shares of the utilities provider’s stock worth $2,270,000 after purchasing an additional 8,618 shares during the period. Magellan Asset Management Ltd lifted its holdings in shares of Ameren by 8.6% in the 2nd quarter. Magellan Asset Management Ltd now owns 209,918 shares of the utilities provider’s stock worth $20,161,000 after purchasing an additional 16,590 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in Ameren by 1.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 255,152 shares of the utilities provider’s stock valued at $24,505,000 after purchasing an additional 2,750 shares during the period. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on AEE. Royal Bank Of Canada upgraded shares of Ameren to a “hold” rating in a report on Tuesday, October 28th. Wells Fargo & Company started coverage on shares of Ameren in a research report on Monday, October 27th. They set an “overweight” rating and a $112.00 target price for the company. KeyCorp upped their target price on shares of Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a research note on Monday. Finally, Mizuho increased their price objective on Ameren from $108.00 to $114.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $109.50.

Insider Activity at Ameren

In related news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $101.44, for a total value of $659,360.00. Following the sale, the chief financial officer directly owned 198,973 shares in the company, valued at approximately $20,183,821.12. The trade was a 3.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by corporate insiders.

Ameren Price Performance

Shares of NYSE AEE opened at $100.89 on Friday. Ameren Corporation has a twelve month low of $86.40 and a twelve month high of $106.73. The stock’s 50 day moving average price is $103.92 and its 200-day moving average price is $100.30. The company has a market capitalization of $27.29 billion, a PE ratio of 19.40, a PEG ratio of 2.39 and a beta of 0.57. The company has a quick ratio of 0.64, a current ratio of 0.93 and a debt-to-equity ratio of 1.49.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.07. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.64 billion. Ameren had a return on equity of 10.92% and a net margin of 15.75%.Ameren’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company posted $1.87 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS and its FY 2025 guidance at 4.900-5.100 EPS. On average, equities analysts anticipate that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be paid a $0.71 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $2.84 annualized dividend and a dividend yield of 2.8%. Ameren’s payout ratio is presently 54.62%.

About Ameren

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.