Miller Howard Investments Inc. NY Has $10.96 Million Stake in Ameren Corporation $AEE

Miller Howard Investments Inc. NY increased its stake in Ameren Corporation (NYSE:AEE) by 7.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 99,697 shares of the utilities provider’s stock after purchasing an additional 7,168 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Ameren were worth $10,959,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its stake in Ameren by 285.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 197 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in Ameren in the fourth quarter valued at $29,000. Osterweis Capital Management Inc. increased its stake in Ameren by 6,040.0% in the second 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 in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Ameren by 6,080.0% during the fourth quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 304 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Ameren by 45.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 349 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Transactions at Ameren

In other Ameren news, SVP Theresa A. Shaw sold 1,500 shares of Ameren stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

Ameren Stock Up 2.0%

Ameren stock opened at $111.90 on Wednesday. Ameren Corporation has a 1-year low of $94.20 and a 1-year high of $115.58. The firm has a market capitalization of $30.97 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.47. The firm’s fifty day moving average price is $109.71 and its two-hundred day moving average price is $107.06. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39.

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, beating analysts’ consensus estimates of $1.17 by $0.11. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.07 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities research analysts predict that Ameren Corporation will post 5.36 earnings per share for the current fiscal year.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. Ameren’s payout ratio is 53.96%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AEE. JPMorgan Chase & Co. upgraded Ameren from a “neutral” rating to an “overweight” rating and raised their target price for the company from $120.00 to $126.00 in a research note on Thursday, May 21st. Argus upped their price target on Ameren from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. BTIG Research assumed coverage on Ameren in a report on Thursday, April 9th. They issued a “buy” rating and a $131.00 price target on the stock. Barclays raised their price objective on Ameren from $104.00 to $116.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $120.00 price objective on shares of Ameren in a report on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $117.54.

Ameren Profile

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.