Summit Global Investments Makes New Investment in Ameren Corporation $AEE

Summit Global Investments purchased a new stake in Ameren Corporation (NYSE:AEE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,370 shares of the utilities provider’s stock, valued at approximately $2,077,000.

A number of other hedge funds also recently made changes to their positions in AEE. Droms Strauss Advisors Inc. MO ADV boosted its position in shares of Ameren by 2.2% during the first quarter. Droms Strauss Advisors Inc. MO ADV now owns 4,162 shares of the utilities provider’s stock worth $457,000 after buying an additional 90 shares during the period. Fortitude Advisory Group L.L.C. grew its holdings in Ameren by 4.3% in the 1st quarter. Fortitude Advisory Group L.L.C. now owns 2,269 shares of the utilities provider’s stock worth $249,000 after buying an additional 93 shares in the last quarter. Parallel Advisors LLC increased its position in Ameren by 1.6% in the 1st quarter. Parallel Advisors LLC now owns 5,746 shares of the utilities provider’s stock valued at $632,000 after acquiring an additional 93 shares during the period. GHP Investment Advisors Inc. increased its position in Ameren by 19.4% in the 1st quarter. GHP Investment Advisors Inc. now owns 602 shares of the utilities provider’s stock valued at $66,000 after acquiring an additional 98 shares during the period. Finally, Segment Wealth Management LLC raised its stake in Ameren by 3.5% during the 4th quarter. Segment Wealth Management LLC now owns 3,045 shares of the utilities provider’s stock valued at $304,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

Ameren Stock Performance

AEE opened at $109.72 on Friday. The company has a market capitalization of $30.38 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 2.64 and a beta of 0.47. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.53 and a quick ratio of 0.37. Ameren Corporation has a 1-year low of $96.57 and a 1-year high of $118.32. The business has a 50 day moving average price of $111.01 and a two-hundred day moving average price of $110.02.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company posted $1.01 EPS. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Research analysts predict that Ameren Corporation will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Ameren

In other news, insider Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley increased their price target on Ameren from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Mizuho lifted their price objective on shares of Ameren from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded shares of Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. increased their target price 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, KeyCorp raised shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 target price on the stock in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.08.

Ameren Company 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.