Key Points
- Ameren director Rafael Flores sold 248 shares at an average price of $105.53, totaling $26,171.44 and reducing his direct ownership by 1.75% to 13,888 shares.
- Ameren reported quarterly EPS of $1.13, beating estimates of $1.08, although revenue fell 5.8% year over year to $2.09 billion. The company’s annualized dividend is $3.00 per share, yielding approximately 2.9%.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $121.42, while institutional investors own approximately 79.1% of the company’s stock.
Ameren Corporation (NYSE:AEE - Get Free Report) Director Rafael Flores sold 248 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $105.53, for a total value of $26,171.44. Following the completion of the sale, the director directly owned 13,888 shares of the company's stock, valued at $1,465,600.64. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Ameren Stock Performance
Shares of AEE opened at $103.93 on Tuesday. The company's 50 day simple moving average is $109.14 and its 200-day simple moving average is $110.06. The firm has a market cap of $28.77 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 3.07 and a beta of 0.46. Ameren Corporation has a 12-month low of $96.57 and a 12-month 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 - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. Ameren's revenue for the quarter was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities analysts predict that Ameren Corporation will post 5.4 EPS for the current year.
Ameren Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.00 annualized dividend and a dividend yield of 2.9%. Ameren's dividend payout ratio is 52.82%.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on AEE shares. JPMorgan Chase & Co. boosted their price target on Ameren from $126.00 to $137.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Truist Financial lowered their target price on Ameren from $124.00 to $120.00 and set a "buy" rating on the stock in a research note on Monday, August 17th. Barclays boosted their target price on Ameren from $116.00 to $117.00 and gave the company an "equal weight" rating in a report on Thursday, July 9th. Wall Street Zen cut Ameren from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Morgan Stanley decreased their price target on Ameren from $118.00 to $114.00 and set an "equal weight" rating for the company in a report on Friday, August 21st. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $121.42.
Get Our Latest Analysis on Ameren
Institutional Investors Weigh In On Ameren
A number of hedge funds have recently added to or reduced their stakes in AEE. California State Teachers Retirement System raised its stake in shares of Ameren by 11,497.8% during the 2nd quarter. California State Teachers Retirement System now owns 36,403,854 shares of the utilities provider's stock worth $4,115,092,000 after buying an additional 36,089,967 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Ameren in the 2nd quarter valued at approximately $2,918,526,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Ameren by 2.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 15,885,476 shares of the utilities provider's stock valued at $1,586,324,000 after buying an additional 362,052 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Ameren by 11.5% in the first quarter. Janus Henderson Group PLC now owns 5,377,156 shares of the utilities provider's stock valued at $591,056,000 after buying an additional 553,164 shares in the last quarter. Finally, Jupiter Topco LLC acquired a new position in Ameren during the second quarter worth $578,254,000. Institutional investors and hedge funds own 79.09% of the company's stock.
About Ameren
(
Get Free Report)
Ameren Corporation (NYSE:AEE) is a regulated electric and natural gas utility holding company headquartered in St. Louis, Missouri. Through its operating companies, Ameren provides energy generation, transmission, distribution and related services to customers in Missouri and Illinois.
Ameren Missouri operates an integrated electric utility serving communities across Missouri and also provides natural gas distribution services in parts of the state. Ameren Illinois operates electric and natural gas distribution businesses serving customers throughout much of Illinois.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
