Magellan Asset Management Ltd Makes New $34.55 Million Investment in Ameren Corporation $AEE

Magellan Asset Management Ltd purchased a new position in shares of Ameren Corporation (NYSE:AEE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 305,654 shares of the utilities provider’s stock, valued at approximately $34,551,000. Magellan Asset Management Ltd owned 0.11% of Ameren at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Burk Holdings LLC bought a new position in Ameren during the second quarter valued at about $90,000. Bank of Nova Scotia bought a new position in shares of Ameren during the 2nd quarter valued at approximately $3,288,000. Elevation Point Wealth Partners LLC bought a new position in shares of Ameren during the 2nd quarter worth $1,523,000. Daiichi Life Insurance Co. Ltd. bought a new stake in Ameren in the 2nd quarter valued at about $781,000. Finally, Commerce Bank bought a new position in Ameren during the second quarter worth about $20,272,000. Institutional investors own 79.09% of the company’s stock.

Ameren Stock Performance

NYSE:AEE opened at $106.14 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 business has a 50 day moving average of $111.06 and a 200 day moving average of $110.25. The company has a market capitalization of $29.38 billion, a price-to-earnings ratio of 18.69, 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 net margin of 17.86% and a return on equity of 10.95%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, sell-side analysts predict that Ameren Corporation will post 5.4 earnings per share for the current fiscal year.

Ameren Announces Dividend

The company 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ameren’s payout ratio is presently 52.82%.

Insiders Place Their Bets

In related news, SVP Theresa A. Shaw sold 325 shares of the company’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 completion of the sale, the senior vice president directly owned 32,340 shares in the company, valued at $3,522,796.20. This represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 firm’s stock in a transaction on 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 in the company, valued at approximately $21,758,113.44. This trade represents a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AEE. Mizuho upped 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. Truist Financial lowered their target price on shares of Ameren from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Barclays boosted their price objective on Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Morgan Stanley decreased their target price on shares of Ameren from $118.00 to $114.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Wall Street Zen cut shares of Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $121.42.

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.