Hennessy Advisors Inc. Sells 5,800 Shares of Ameren Corporation $AEE

Hennessy Advisors Inc. reduced its stake in Ameren Corporation (NYSE:AEE) by 13.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,080 shares of the utilities provider’s stock after selling 5,800 shares during the period. Hennessy Advisors Inc.’s holdings in Ameren were worth $3,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AEE. Vident Advisory LLC boosted its position in Ameren by 29.5% in the first quarter. Vident Advisory LLC now owns 10,948 shares of the utilities provider’s stock valued at $1,099,000 after buying an additional 2,493 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Ameren by 122.6% during the 1st quarter. Baird Financial Group Inc. now owns 9,330 shares of the utilities provider’s stock valued at $937,000 after acquiring an additional 5,138 shares in the last quarter. EP Wealth Advisors LLC grew its position in Ameren by 26.9% during the 1st quarter. EP Wealth Advisors LLC now owns 2,870 shares of the utilities provider’s stock worth $288,000 after acquiring an additional 608 shares during the last quarter. AQR Capital Management LLC grew its position in Ameren by 93.0% during the 1st quarter. AQR Capital Management LLC now owns 176,802 shares of the utilities provider’s stock worth $17,751,000 after acquiring an additional 85,204 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Ameren by 51.7% in the 1st quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock worth $359,069,000 after purchasing an additional 1,218,509 shares in the last quarter. 79.09% of the stock is owned by institutional investors.

Ameren Stock Down 0.8%

Shares of NYSE AEE opened at $99.96 on Friday. The company’s 50 day moving average price is $101.89 and its 200-day moving average price is $100.67. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.64 and a current ratio of 0.93. Ameren Corporation has a 52-week low of $86.81 and a 52-week high of $106.73. The company has a market capitalization of $27.04 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 2.34 and a beta of 0.58.

Ameren (NYSE:AEE) last announced its earnings results on Wednesday, November 5th. The utilities provider reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.07. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.64 billion. Ameren had a net margin of 15.75% and a return on equity of 10.92%. Ameren’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.87 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS and its FY 2025 guidance at 4.900-5.100 EPS. Equities analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $2.84 annualized dividend and a yield of 2.8%. Ameren’s dividend payout ratio (DPR) is currently 54.62%.

Insider Buying and Selling

In other Ameren news, 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 sale, the chief financial officer directly owned 198,973 shares in the company, valued at approximately $20,183,821.12. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AEE has been the topic of a number of recent research reports. Mizuho lifted their price target on Ameren from $108.00 to $114.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a research report on Monday. Barclays set a $113.00 price target on shares of Ameren in a research report on Tuesday, October 21st. Wells Fargo & Company assumed coverage on shares of Ameren in a research note on Monday, October 27th. They set an “overweight” rating and a $112.00 price target for the company. Finally, KeyCorp cut shares of Ameren from an “overweight” rating to a “sector weight” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ameren currently has an average rating of “Moderate Buy” and an average target price of $108.80.

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.