HITE Hedge Asset Management LLC Sells 156,987 Shares of Ameren Corporation $AEE

HITE Hedge Asset Management LLC cut its position in Ameren Corporation (NYSE:AEE) by 22.0% during the fourth quarter, Holdings Channel reports. The firm owned 557,700 shares of the utilities provider’s stock after selling 156,987 shares during the period. Ameren makes up approximately 3.6% of HITE Hedge Asset Management LLC’s portfolio, making the stock its 6th largest position. HITE Hedge Asset Management LLC’s holdings in Ameren were worth $55,692,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. ANTIPODES PARTNERS Ltd boosted its stake in shares of Ameren by 104,698.0% in the third quarter. ANTIPODES PARTNERS Ltd now owns 1,370,758 shares of the utilities provider’s stock worth $143,091,000 after buying an additional 1,369,450 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Ameren by 5.3% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 543,726 shares of the utilities provider’s stock worth $56,754,000 after purchasing an additional 27,461 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Ameren during the third quarter worth approximately $4,868,000. Tudor Investment Corp ET AL boosted its position in Ameren by 23.7% during the third quarter. Tudor Investment Corp ET AL now owns 155,836 shares of the utilities provider’s stock worth $16,266,000 after purchasing an additional 29,807 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Ameren by 3.6% during the third quarter. Alliancebernstein L.P. now owns 3,378,053 shares of the utilities provider’s stock worth $352,601,000 after purchasing an additional 116,819 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Stock Performance

NYSE AEE opened at $108.99 on Friday. The company has a market cap of $30.16 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.18 and a beta of 0.47. The stock’s 50 day simple moving average is $110.09 and its 200-day simple moving average is $106.78. Ameren Corporation has a 1-year low of $93.50 and a 1-year high of $115.58. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.62 and a quick ratio of 0.44.

Ameren (NYSE:AEE) last announced 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 return on equity of 10.94% and a net margin of 17.17%.The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business posted $1.07 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities research analysts anticipate that Ameren Corporation will post 5.36 EPS for the current fiscal year.

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. Ameren’s dividend payout ratio (DPR) is presently 53.96%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AEE shares. Wall Street Zen downgraded Ameren from a “hold” rating to a “sell” rating in a research report on Monday, May 25th. Barclays increased their price target on Ameren from $104.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Mizuho set a $117.00 price target on Ameren in a research report on Friday, February 13th. UBS Group raised their target price on Ameren from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Weiss Ratings upgraded Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Ameren has a consensus rating of “Moderate Buy” and a consensus target price of $117.54.

Insider Buying and Selling

In related news, SVP Theresa A. Shaw sold 1,500 shares of Ameren stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total transaction of $164,025.00. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

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.