Jennison Associates LLC Sells 30,761 Shares of Ameren Corporation $AEE

Jennison Associates LLC reduced its stake in shares of Ameren Corporation (NYSE:AEE) by 2.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,409,566 shares of the utilities provider’s stock after selling 30,761 shares during the period. Jennison Associates LLC’s holdings in Ameren were worth $154,939,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its holdings 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 worth $28,000 after buying an additional 197 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in Ameren during the fourth quarter valued at $29,000. Osterweis Capital Management Inc. increased its holdings in Ameren by 6,040.0% in the 2nd 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. Sound Income Strategies LLC increased its holdings in Ameren by 6,080.0% in the 4th quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 304 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Ameren by 74.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AEE shares. Truist Financial increased their price objective on shares of Ameren from $121.00 to $124.00 and gave the company a “buy” rating in a report on Thursday. BTIG Research started coverage on Ameren in a report on Thursday, April 9th. They issued a “buy” rating and a $131.00 target price on the stock. Morgan Stanley set a $115.00 target price on Ameren in a research report on Wednesday, June 24th. Weiss Ratings raised Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut Ameren from a “hold” rating to a “sell” rating in a report on Monday, May 25th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Ameren currently has an average rating of “Moderate Buy” and an average price target of $120.67.

Insider Buying and Selling

In related 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 value 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. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

Ameren Price Performance

Ameren stock opened at $111.60 on Friday. Ameren Corporation has a 52-week low of $96.57 and a 52-week high of $118.32. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 1.39. The firm’s fifty day moving average is $110.52 and its 200 day moving average is $108.82. The company has a market cap of $30.88 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.70 and a beta of 0.47.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the company posted $1.07 EPS. The business’s revenue was up 3.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Sell-side analysts forecast that Ameren Corporation will post 5.38 EPS for the current fiscal year.

Ameren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a $0.75 dividend. 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.