Ameren (NYSE:AEE) Sets New 1-Year High – Here’s What Happened

Ameren Corporation (NYSE:AEE)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $115.58 and last traded at $115.4330, with a volume of 1031939 shares. The stock had previously closed at $114.53.

Analyst Ratings Changes

AEE has been the topic of several research reports. Barclays raised their target price on Ameren from $104.00 to $116.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Wall Street Zen downgraded Ameren from a “hold” rating to a “sell” rating in a research note on Monday, May 25th. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 price objective on shares of Ameren in a report on Tuesday, April 21st. Weiss Ratings raised shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Finally, Morgan Stanley set a $115.00 target price on shares of Ameren in a report on Wednesday. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.42.

Ameren Trading Up 0.8%

The company has a market capitalization of $31.94 billion, a PE ratio of 20.78, a PEG ratio of 2.27 and a beta of 0.47. The company has a fifty day simple moving average of $109.79 and a 200-day simple moving average of $107.25. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.17 by $0.11. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.24 billion. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Analysts predict that Ameren Corporation will post 5.38 EPS for the current year.

Ameren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a yield of 2.6%. Ameren’s payout ratio is 53.96%.

Insiders Place Their Bets

In other Ameren news, SVP Theresa A. Shaw sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total value of $164,025.00. Following the transaction, the senior vice president directly owned 32,943 shares in the company, valued at $3,602,317.05. The trade was a 4.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by insiders.

Institutional Trading of Ameren

Several institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in Ameren by 285.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 197 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in Ameren during the fourth quarter worth $29,000. Osterweis Capital Management Inc. increased its stake in Ameren by 6,040.0% during the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 302 shares during the last quarter. Sound Income Strategies LLC raised its position in Ameren by 6,080.0% in the fourth quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 304 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Ameren by 74.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 79.09% 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.