Meeder Advisory Services Inc. Acquires New Holdings in Ameren Corporation $AEE

Meeder Advisory Services Inc. purchased a new position in shares of Ameren Corporation (NYSE:AEE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,869 shares of the utilities provider’s stock, valued at approximately $663,000.

Several other institutional investors also recently modified their holdings of AEE. Vanguard Group Inc. grew its holdings in Ameren by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock worth $3,559,565,000 after acquiring an additional 495,945 shares during the period. 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. lifted its stake in shares of Ameren by 2.3% in the 4th 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 purchasing an additional 362,052 shares during the period. State Street Corp boosted its position in shares of Ameren by 3.3% during the 4th quarter. State Street Corp now owns 14,503,721 shares of the utilities provider’s stock valued at $1,448,342,000 after purchasing an additional 457,876 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Ameren by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,223,010 shares of the utilities provider’s stock valued at $597,673,000 after purchasing an additional 179,137 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

Insider Buying and Selling

In other news, SVP Theresa A. Shaw sold 325 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was 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 owned 32,340 shares of the company’s stock, valued at approximately $3,522,796.20. The trade was a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $108.96, for a total transaction of $708,240.00. Following the sale, the insider directly owned 199,689 shares of the company’s stock, valued at $21,758,113.44. The trade was a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. BTIG Research set a $126.00 price target on shares of Ameren in a report on Thursday, July 23rd. Morgan Stanley lifted their price target on shares of Ameren from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Mizuho lifted their price target on shares of Ameren from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, KeyCorp upgraded shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price objective on the stock in a report on Thursday, July 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ameren has an average rating of “Moderate Buy” and an average target price of $121.75.

Ameren Stock Performance

NYSE AEE opened at $108.88 on Friday. Ameren Corporation has a 52-week low of $96.57 and a 52-week high of $118.32. The company has a 50-day simple moving average of $111.11 and a 200 day simple moving average of $110.23. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. The company has a market capitalization of $30.14 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 2.64 and a beta of 0.47.

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

Ameren Announces Dividend

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

About Ameren

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.