Saudi Central Bank Boosts Stake in Ameren Corporation $AEE

Saudi Central Bank grew its position in shares of Ameren Corporation (NYSE:AEE) by 94.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,366 shares of the utilities provider’s stock after acquiring an additional 9,382 shares during the quarter. Saudi Central Bank’s holdings in Ameren were worth $2,189,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Ameren in the 2nd quarter valued at about $2,918,526,000. T. Rowe Price Investment Management Inc. increased its position in Ameren by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,885,476 shares of the utilities provider’s stock worth $1,586,324,000 after purchasing an additional 362,052 shares in the last quarter. State Street Corp increased its position in Ameren by 3.3% during the 4th quarter. State Street Corp now owns 14,503,721 shares of the utilities provider’s stock worth $1,448,342,000 after purchasing an additional 457,876 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Ameren by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 6,223,010 shares of the utilities provider’s stock valued at $597,673,000 after buying an additional 179,137 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in 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 during the period. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Ameren Stock Down 0.1%

Shares of NYSE:AEE opened at $106.34 on Tuesday. The firm has a market cap of $29.44 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.46. The company has a fifty day simple moving average of $109.97 and a 200 day simple moving average of $110.22. 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 Corporation has a 12-month low of $96.57 and a 12-month high of $118.32.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities research analysts anticipate that Ameren Corporation will post 5.4 EPS for the current fiscal year.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. Ameren’s dividend payout ratio (DPR) is presently 52.82%.

Wall Street Analysts Forecast Growth

AEE has been the subject of several research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their target price on shares of Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Morgan Stanley reduced their target price on shares of Ameren from $118.00 to $114.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Wall Street Zen downgraded Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Barclays raised their price objective on Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.42.

Insider Transactions at Ameren

In related news, insider Michael Moehn sold 6,500 shares of Ameren stock in a transaction dated 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 transaction, the insider directly owned 199,689 shares in the company, valued at approximately $21,758,113.44. This trade represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa Shaw sold 325 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $108.93, for a total value of $35,402.25. Following the completion of the sale, the senior vice president directly owned 32,340 shares of the company’s stock, valued at approximately $3,522,796.20. This represents a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by company insiders.

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.