CIBC Asset Management Inc Boosts Holdings in Ameren Corporation $AEE

CIBC Asset Management Inc increased its stake in shares of Ameren Corporation (NYSE:AEE) by 18.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,768 shares of the utilities provider’s stock after acquiring an additional 25,626 shares during the quarter. CIBC Asset Management Inc’s holdings in Ameren were worth $16,653,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEE. Bank of New York Mellon Corp increased its position in shares of Ameren by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,546,189 shares of the utilities provider’s stock worth $154,402,000 after purchasing an additional 6,108 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Ameren by 18.1% in the 4th quarter. Natixis Advisors LLC now owns 77,848 shares of the utilities provider’s stock valued at $7,774,000 after purchasing an additional 11,917 shares during the period. Beto Financial Group LLC purchased a new position in Ameren during the 4th quarter worth approximately $283,000. New Mexico Educational Retirement Board increased its position in Ameren by 1.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 12,446 shares of the utilities provider’s stock worth $1,243,000 after buying an additional 200 shares during the period. Finally, Reaves W H & Co. Inc. increased its position in Ameren by 12.5% during the fourth quarter. Reaves W H & Co. Inc. now owns 1,084,664 shares of the utilities provider’s stock worth $108,315,000 after buying an additional 120,652 shares during the period. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Trading Up 0.7%

NYSE:AEE opened at $106.97 on Friday. The firm has a market cap of $29.60 billion, a P/E ratio of 19.24, a PEG ratio of 2.14 and a beta of 0.47. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. The stock’s 50 day simple moving average is $110.19 and its 200-day simple moving average is $106.62. Ameren Corporation has a 12-month low of $93.50 and a 12-month high of $115.58.

Ameren (NYSE:AEE) last issued its quarterly 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 return on equity of 10.94% and a net margin of 17.17%.The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the company earned $1.07 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities analysts anticipate that Ameren Corporation will post 5.36 EPS for the current year.

Ameren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, June 9th. Ameren’s dividend payout ratio (DPR) is 53.96%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AEE shares. Weiss Ratings raised Ameren from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Argus upped their price target on shares of Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. BTIG Research began coverage on shares of Ameren in a research note on Thursday, April 9th. They set a “buy” rating and a $131.00 price target for the company. Mizuho set a $117.00 price objective on shares of Ameren in a research report on Friday, February 13th. Finally, Wall Street Zen lowered shares of Ameren from a “hold” rating to a “sell” rating in a research note on Monday, May 25th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $117.54.

Insider Buying and Selling at Ameren

In other news, SVP Theresa A. Shaw sold 325 shares of Ameren stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $109.08, for a total value of $35,451.00. Following the sale, the senior vice president owned 32,618 shares of the company’s stock, valued at $3,557,971.44. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal 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. 0.29% of the stock is currently owned by insiders.

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.