Van ECK Associates Corp Buys 16,220 Shares of Ameren Corporation $AEE

Van ECK Associates Corp boosted its holdings in Ameren Corporation (NYSE:AEE) by 10.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 165,613 shares of the utilities provider’s stock after acquiring an additional 16,220 shares during the quarter. Van ECK Associates Corp’s holdings in Ameren were worth $18,721,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Keating Financial Advisory Services Inc. acquired a new position in Ameren during the 2nd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd grew its holdings in Ameren by 285.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after buying an additional 197 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in Ameren during the fourth quarter worth $29,000. Osterweis Capital Management Inc. raised its position in Ameren by 6,040.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after buying an additional 302 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Ameren by 74.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Ameren Stock Performance

Shares of AEE opened at $106.07 on Monday. Ameren Corporation has a 1 year low of $96.57 and a 1 year high of $118.32. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.53 and a quick ratio of 0.37. The stock’s fifty day moving average price is $110.83 and its two-hundred day moving average price is $110.34. The firm has a market cap of $29.36 billion, a PE ratio of 18.67, a PEG ratio of 2.56 and a beta of 0.47.

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

Ameren Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. Ameren’s dividend payout ratio (DPR) is presently 52.82%.

Insiders Place Their Bets

In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the transaction, the senior vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $108.96, for a total transaction of $708,240.00. Following the completion of the sale, the insider directly owned 199,689 shares of the company’s stock, valued at approximately $21,758,113.44. This represents a 3.15% decrease in their ownership of the stock. 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. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AEE. Mizuho lifted their price objective on shares of Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Wall Street Zen lowered shares of Ameren from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. KeyCorp upgraded shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price target on the stock in a report on Thursday, July 23rd. Truist Financial reduced their price objective on shares of Ameren from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a research note on Friday, August 7th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.42.

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.