Summit Global Investments Acquires 10,865 Shares of Ameren Corporation $AEE

Summit Global Investments raised its holdings in Ameren Corporation (NYSE:AEE) by 46.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 34,408 shares of the utilities provider’s stock after acquiring an additional 10,865 shares during the period. Summit Global Investments’ holdings in Ameren were worth $3,591,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AEE. NewSquare Capital LLC grew its stake in shares of Ameren by 70.9% in the second quarter. NewSquare Capital LLC now owns 258 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 107 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Ameren during the 3rd quarter worth $29,000. Osterweis Capital Management Inc. lifted its holdings in Ameren by 6,040.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after buying an additional 302 shares during the period. Addison Advisors LLC grew its position in shares of Ameren by 728.9% in the 2nd quarter. Addison Advisors LLC now owns 315 shares of the utilities provider’s stock valued at $30,000 after buying an additional 277 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Ameren in the second quarter valued at about $34,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Ameren Stock Up 0.1%

Shares of NYSE AEE opened at $103.67 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.93 and a debt-to-equity ratio of 1.49. The firm has a market cap of $28.04 billion, a PE ratio of 19.94, a P/E/G ratio of 2.27 and a beta of 0.58. The company’s fifty day simple moving average is $101.29 and its 200 day simple moving average is $101.61. Ameren Corporation has a 12-month low of $91.77 and a 12-month high of $106.73.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.07. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.64 billion. Ameren had a net margin of 15.75% and a return on equity of 10.92%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.87 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS and its FY 2025 guidance at 4.900-5.100 EPS. As a group, sell-side analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $101.44, for a total transaction of $659,360.00. Following the transaction, the chief financial officer directly owned 198,973 shares of the company’s stock, valued at approximately $20,183,821.12. This represents a 3.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AEE. UBS Group lowered their price objective on Ameren from $121.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, December 17th. Barclays decreased their target price on shares of Ameren from $111.00 to $104.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Morgan Stanley restated an “underperform” rating and issued a $108.00 price target on shares of Ameren in a research report on Wednesday, January 21st. Mizuho upped their price objective on shares of Ameren from $108.00 to $114.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Finally, Argus upgraded shares of Ameren to a “strong-buy” rating in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.60.

Ameren Profile

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.