Renaissance Technologies LLC Increases Position in Ameren Corporation $AEE

Renaissance Technologies LLC grew its position in shares of Ameren Corporation (NYSE:AEE) by 19.7% during the first quarter, Holdings Channel reports. The firm owned 288,200 shares of the utilities provider’s stock after acquiring an additional 47,400 shares during the quarter. Renaissance Technologies LLC’s holdings in Ameren were worth $31,679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of Ameren by 285.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after buying an additional 197 shares during the period. Osterweis Capital Management Inc. lifted its stake in Ameren by 6,040.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 302 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in Ameren during the 4th quarter valued at about $29,000. Sound Income Strategies LLC boosted its holdings in Ameren by 6,080.0% during the 4th quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 304 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Ameren by 74.9% in 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. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ameren news, SVP Theresa A. Shaw sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total value of $164,025.00. Following the sale, the senior vice president directly owned 32,943 shares in the company, valued at $3,602,317.05. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wells Fargo & Company reiterated an “overweight” rating and set a $120.00 price target on shares of Ameren in a research note on Tuesday, April 21st. Morgan Stanley lifted their price objective on shares of Ameren from $115.00 to $118.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Weiss Ratings raised shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Truist Financial upped their target price on shares of Ameren from $121.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Barclays increased their target price on shares of Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.50.

Ameren Trading Up 0.5%

NYSE AEE opened at $112.64 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 1.39. Ameren Corporation has a 52 week low of $96.57 and a 52 week high of $118.32. The stock has a market capitalization of $31.17 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.71 and a beta of 0.47. The firm has a 50 day moving average of $110.99 and a two-hundred day moving average of $109.47.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $2.24 billion. During the same period in the prior year, the firm posted $1.07 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, research analysts expect that Ameren Corporation will post 5.39 EPS for the current fiscal year.

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, June 9th. Ameren’s dividend payout ratio is 53.96%.

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.