Ameren Corporation $AEE Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its stake in Ameren Corporation (NYSE:AEE) by 2.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 577,934 shares of the utilities provider’s stock after selling 13,866 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ameren were worth $63,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in AEE. Lazard Asset Management LLC boosted its stake in Ameren by 6,051.1% during the fourth quarter. Lazard Asset Management LLC now owns 932,017 shares of the utilities provider’s stock worth $93,071,000 after buying an additional 916,865 shares during the last quarter. Clark Capital Management Group Inc. acquired a new stake in shares of Ameren in the 4th quarter worth $66,631,000. Aventail Capital Group LP acquired a new stake in shares of Ameren in the 4th quarter worth $66,546,000. Mizuho Markets Americas LLC raised its holdings in shares of Ameren by 112.0% during the 4th quarter. Mizuho Markets Americas LLC now owns 70,000 shares of the utilities provider’s stock worth $6,990,000 after acquiring an additional 655,199 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Ameren by 1.4% during the 4th 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 last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Buying and Selling 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 sale, the senior vice president owned 32,943 shares in the company, valued at approximately $3,602,317.05. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AEE. Barclays upped their price objective on shares of Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Wall Street Zen raised shares of Ameren from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Truist Financial boosted their target price on shares of Ameren from $121.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, July 16th. KeyCorp raised shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price target for the company in a research note on Thursday, July 23rd. Finally, BTIG Research set a $126.00 price target on shares of Ameren in a report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $121.50.

Ameren Trading Down 2.3%

NYSE AEE opened at $109.97 on Thursday. The firm’s 50-day moving average is $111.01 and its two-hundred day moving average is $109.54. Ameren Corporation has a 12 month low of $96.57 and a 12 month high of $118.32. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.62 and a quick ratio of 0.44. The stock has a market capitalization of $30.43 billion, a P/E ratio of 19.78, a PEG ratio of 2.72 and a beta of 0.47.

Ameren (NYSE:AEE) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm posted $1.07 earnings per share. Ameren’s revenue was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, sell-side analysts anticipate that Ameren Corporation will post 5.39 earnings per share for the current year.

Ameren Announces Dividend

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

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.