iA Global Asset Management Inc. Acquires Shares of 8,187 Ameren Corporation $AEE

iA Global Asset Management Inc. acquired a new position in Ameren Corporation (NYSE:AEE) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,187 shares of the utilities provider’s stock, valued at approximately $900,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in Ameren by 22.9% in the first quarter. NewEdge Advisors LLC now owns 8,077 shares of the utilities provider’s stock worth $811,000 after buying an additional 1,503 shares during the period. Empowered Funds LLC raised its position in shares of Ameren by 19.8% in the 1st quarter. Empowered Funds LLC now owns 6,255 shares of the utilities provider’s stock worth $628,000 after acquiring an additional 1,034 shares in the last quarter. Woodline Partners LP raised its position in shares of Ameren by 42.2% in the 1st quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock worth $2,289,000 after acquiring an additional 6,772 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Ameren by 48.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,555 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 505 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Ameren by 6.3% in the 2nd quarter. Brown Advisory Inc. now owns 4,688 shares of the utilities provider’s stock valued at $450,000 after purchasing an additional 277 shares during the period. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Stock Performance

Shares of AEE opened at $114.97 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 1.39. The business’s 50 day moving average price is $110.07 and its 200-day moving average price is $107.82. Ameren Corporation has a 52 week low of $94.20 and a 52 week high of $118.32. The stock has a market cap of $31.82 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.25 and a beta of 0.47.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities research analysts anticipate that Ameren Corporation will post 5.38 earnings per share for the current fiscal year.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 9th. Ameren’s payout ratio is currently 53.96%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BTIG Research began coverage on Ameren in a research report on Thursday, April 9th. They set a “buy” rating and a $131.00 price target on the stock. Wall Street Zen downgraded Ameren from a “hold” rating to a “sell” rating in a report on Monday, May 25th. Morgan Stanley set a $115.00 price objective on Ameren in a research report on Wednesday, June 24th. Argus boosted their target price on shares of Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Finally, Barclays upped their target price on shares of Ameren from $104.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $119.42.

Insider Activity

In related news, SVP Theresa A. Shaw sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total value of $164,025.00. Following the transaction, the senior vice president owned 32,943 shares in the company, valued at $3,602,317.05. The trade was a 4.36% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 currently owned by corporate insiders.

Ameren Company 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.