Envestnet Asset Management Inc. Boosts Stake in Ameren Corporation $AEE

Envestnet Asset Management Inc. boosted its holdings in Ameren Corporation (NYSE:AEE) by 12.1% during the second quarter, Holdings Channel.com reports. The fund owned 113,162 shares of the utilities provider’s stock after buying an additional 12,213 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ameren were worth $10,868,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Ameren during the 1st quarter worth $25,000. Fortitude Family Office LLC lifted its stake in Ameren by 600.0% during the second quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 294 shares during the last quarter. SouthState Corp purchased a new position in shares of Ameren in the 1st quarter worth about $34,000. Ameritas Advisory Services LLC purchased a new position in shares of Ameren in the 2nd quarter worth about $34,000. Finally, Whittier Trust Co. increased its position in shares of Ameren by 29.6% during the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AEE. Barclays set a $113.00 target price on Ameren in a research report on Tuesday, October 21st. Morgan Stanley increased their target price on Ameren from $104.00 to $111.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Mizuho boosted their price objective on shares of Ameren from $108.00 to $114.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. KeyCorp raised their price target on Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ameren in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.50.

Insiders Place Their Bets

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $101.79, for a total transaction of $101,790.00. Following the completion of the transaction, the senior vice president owned 9,129 shares in the company, valued at $929,240.91. This trade represents a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $101.44, for a total value of $659,360.00. Following the completion of the transaction, the chief financial officer owned 198,973 shares of the company’s stock, valued at approximately $20,183,821.12. This trade represents a 3.16% decrease in their position. The SEC filing for this sale provides additional information. 0.42% of the stock is owned by corporate insiders.

Ameren Price Performance

NYSE AEE opened at $104.54 on Friday. The company has a 50-day moving average price of $102.24 and a 200-day moving average price of $99.49. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. Ameren Corporation has a 52 week low of $86.40 and a 52 week high of $106.73. The firm has a market capitalization of $28.27 billion, a P/E ratio of 22.98, a PEG ratio of 2.57 and a beta of 0.50.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.07. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.64 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The firm’s revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. FY 2025 guidance at 4.900-5.100 EPS. Equities research analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 9th. Ameren’s payout ratio is 54.62%.

About Ameren

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.