Assenagon Asset Management S.A. Trims Stake in Ameren Corporation $AEE

Assenagon Asset Management S.A. cut its stake in Ameren Corporation (NYSE:AEE) by 98.9% in the first quarter, HoldingsChannel reports. The fund owned 5,943 shares of the utilities provider’s stock after selling 512,782 shares during the period. Assenagon Asset Management S.A.’s holdings in Ameren were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Jefferies Financial Group Inc. purchased a new position in shares of Ameren in the 3rd quarter valued at about $4,868,000. Tudor Investment Corp ET AL grew its holdings in Ameren by 23.7% in the third quarter. Tudor Investment Corp ET AL now owns 155,836 shares of the utilities provider’s stock valued at $16,266,000 after purchasing an additional 29,807 shares during the period. Alliancebernstein L.P. increased its position in shares of Ameren by 3.6% in the third quarter. Alliancebernstein L.P. now owns 3,378,053 shares of the utilities provider’s stock valued at $352,601,000 after buying an additional 116,819 shares in the last quarter. Maxele Advisors LLC purchased a new stake in shares of Ameren in the third quarter valued at approximately $959,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Ameren by 245.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 87,543 shares of the utilities provider’s stock worth $8,808,000 after buying an additional 62,173 shares during the period. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Ameren Stock Up 2.5%

NYSE AEE opened at $114.97 on Friday. The business has a fifty day moving average price of $110.07 and a 200 day moving average price of $107.82. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.62. The company has a market cap of $31.82 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.25 and a beta of 0.47. Ameren Corporation has a one year low of $94.20 and a one year high of $118.32.

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

Ameren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a yield of 2.6%. Ameren’s payout ratio is presently 53.96%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AEE shares. Weiss Ratings upgraded Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Ameren from a “hold” rating to a “sell” rating in a research report on Monday, May 25th. Truist Financial decreased their price objective on shares of Ameren from $126.00 to $121.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Morgan Stanley set a $115.00 target price on shares of Ameren in a research report on Wednesday, June 24th. Finally, Barclays boosted their target price on shares of Ameren from $104.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Ameren has an average rating of “Moderate Buy” and an average price target of $119.42.

Insider Transactions at Ameren

In related news, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $109.08, for a total transaction of $35,451.00. Following the completion of the sale, the senior vice president owned 32,618 shares of the company’s stock, valued at approximately $3,557,971.44. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

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.