Kingsview Wealth Management LLC Invests $839,000 in Ameren Corporation $AEE

Kingsview Wealth Management LLC bought a new stake in shares of Ameren Corporation (NYSE:AEE) during the second quarter, Holdings Channel.com reports. The fund bought 7,421 shares of the utilities provider’s stock, valued at approximately $839,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AEE. Keating Financial Advisory Services Inc. bought a new stake in Ameren during the 2nd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd raised its position 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 worth $28,000 after acquiring an additional 197 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Ameren in the 4th quarter valued at approximately $29,000. Osterweis Capital Management Inc. lifted its stake in shares of 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 purchasing an additional 302 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Ameren by 74.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $108.96, for a total value of $708,240.00. Following the completion of the transaction, the insider directly owned 199,689 shares in the company, valued at $21,758,113.44. The trade was a 3.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.93, for a total value of $35,402.25. Following the completion of the transaction, the senior vice president directly owned 32,340 shares in the company, valued at $3,522,796.20. This trade represents a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

Ameren Price Performance

AEE opened at $106.07 on Monday. The stock has a 50-day moving average price of $110.83 and a 200-day moving average price of $110.34. 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 firm has a market cap of $29.36 billion, a PE ratio of 18.67, a P/E/G ratio of 2.56 and a beta of 0.47. Ameren Corporation has a 1 year low of $96.57 and a 1 year high of $118.32.

Ameren (NYSE:AEE) last announced its quarterly 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. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the business posted $1.01 EPS. Ameren’s 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. 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. Stockholders 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 is Tuesday, September 8th. Ameren’s dividend payout ratio is currently 52.82%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Ameren from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Ameren in a report on Friday, August 7th. Mizuho raised their target price 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. Morgan Stanley lowered their target price on shares of Ameren from $118.00 to $114.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. Finally, JPMorgan Chase & Co. boosted their price target on Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.