Focus Partners Advisor Solutions LLC bought a new position in Ameren Corporation (NYSE:AEE – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 14,481 shares of the utilities provider’s stock, valued at approximately $1,637,000.
A number of other large investors have also bought and sold shares of AEE. Amundi lifted its position in Ameren by 106.0% during the 1st quarter. Amundi now owns 919,349 shares of the utilities provider’s stock worth $101,055,000 after buying an additional 473,048 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ameren by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock worth $3,559,565,000 after acquiring an additional 495,945 shares during the last quarter. UBS Group AG increased its position in Ameren by 4.7% in the 4th quarter. UBS Group AG now owns 973,193 shares of the utilities provider’s stock valued at $97,183,000 after acquiring an additional 43,821 shares in the last quarter. Horizon Investments LLC increased its position in Ameren by 193.1% in the 4th quarter. Horizon Investments LLC now owns 26,312 shares of the utilities provider’s stock valued at $2,628,000 after acquiring an additional 17,336 shares in the last quarter. Finally, North Dakota State Investment Board bought a new position in shares of Ameren in the fourth quarter worth about $924,000. 79.09% of the stock is currently owned by institutional investors.
Insider Activity at Ameren
In related news, insider Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction 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 sale, the insider owned 199,689 shares in the company, valued at $21,758,113.44. This represents a 3.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by corporate insiders.
Ameren Stock Up 0.5%
Ameren (NYSE:AEE – Get Free Report) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the business posted $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Analysts expect that Ameren Corporation will post 5.39 EPS for the current year.
Analysts Set New Price Targets
AEE has been the topic of a number of research reports. Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 target price on shares of Ameren in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price target on shares of Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. BMO Capital Markets dropped their price objective on shares of Ameren from $121.00 to $119.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. KeyCorp raised Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price objective on the stock in a report on Thursday, July 23rd. Finally, Mizuho increased their price objective on Ameren from $122.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Ameren currently has an average rating of “Moderate Buy” and an average target price of $122.08.
Get Our Latest Stock Report on Ameren
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.
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