Hsbc Holdings PLC Purchases Shares of 481,004 Ameren Corporation $AEE

Hsbc Holdings PLC purchased a new stake in Ameren Corporation (NYSE:AEE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 481,004 shares of the utilities provider’s stock, valued at approximately $54,507,000.

Other institutional investors have also recently modified their holdings of the company. Keating Financial Advisory Services Inc. purchased a new stake in Ameren in the 2nd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Ameren by 285.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 197 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Ameren in the fourth quarter valued at $29,000. Osterweis Capital Management Inc. boosted its stake in shares of Ameren by 6,040.0% during the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 302 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Ameren by 74.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 125 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Theresa A. Shaw sold 325 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.93, for a total value of $35,402.25. Following the transaction, the senior vice president directly owned 32,340 shares in the company, valued at $3,522,796.20. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction dated 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 transaction, the insider directly owned 199,689 shares in the company, valued at $21,758,113.44. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

AEE has been the subject of several analyst reports. Morgan Stanley cut their target price on shares of Ameren from $118.00 to $114.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ameren in a research note on Friday, August 7th. BMO Capital Markets lowered their price target on shares of Ameren from $121.00 to $119.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen downgraded shares of Ameren from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.42.

Ameren Stock Performance

Ameren stock opened at $107.79 on Thursday. The firm has a market capitalization of $29.84 billion, a P/E ratio of 18.98, a PEG ratio of 2.58 and a beta of 0.47. The stock has a fifty day moving average price of $110.92 and a 200 day moving average price of $110.31. Ameren Corporation has a 52 week low of $96.57 and a 52 week high of $118.32. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38.

Ameren (NYSE:AEE) last announced its quarterly earnings data 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 business 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 company’s revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities research analysts anticipate that Ameren Corporation will post 5.4 earnings per share for the current year.

Ameren Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 8th. Ameren’s dividend payout ratio is presently 52.82%.

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.