California Public Employees Retirement System Sells 84,480 Shares of Ameren Corporation $AEE

California Public Employees Retirement System reduced its holdings in Ameren Corporation (NYSE:AEE) by 12.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 597,231 shares of the utilities provider’s stock after selling 84,480 shares during the quarter. California Public Employees Retirement System’s holdings in Ameren were worth $65,648,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. NewEdge Advisors LLC boosted its stake 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 purchasing an additional 1,503 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Ameren by 19.8% during the first quarter. Empowered Funds LLC now owns 6,255 shares of the utilities provider’s stock worth $628,000 after purchasing an additional 1,034 shares during the last quarter. Woodline Partners LP increased its stake in shares of Ameren by 42.2% in the first quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock valued at $2,289,000 after buying an additional 6,772 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Ameren by 48.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,555 shares of the utilities provider’s stock valued at $149,000 after buying an additional 505 shares in the last quarter. Finally, Brown Advisory Inc. raised its holdings in shares of Ameren by 6.3% in the second quarter. Brown Advisory Inc. now owns 4,688 shares of the utilities provider’s stock valued at $450,000 after buying an additional 277 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Theresa A. Shaw sold 1,500 shares of Ameren stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total transaction of $164,025.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AEE. Wells Fargo & Company reissued an “overweight” rating and set a $120.00 price objective on shares of Ameren in a report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their target price on shares of Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday. BTIG Research started coverage on shares of Ameren in a research report on Thursday, April 9th. They set a “buy” rating and a $131.00 target price on the stock. Truist Financial increased their price target on shares of Ameren from $121.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Weiss Ratings raised shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.67.

Ameren Trading Up 0.0%

Shares of AEE opened at $111.60 on Monday. 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 12-month low of $96.57 and a 12-month high of $118.32. The firm has a market capitalization of $30.88 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.70 and a beta of 0.47. The stock’s fifty day simple moving average is $110.52 and its 200-day simple moving average is $108.88.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.11. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations 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 last year, the business earned $1.07 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, research analysts predict that Ameren Corporation will post 5.38 earnings per share for the current year.

Ameren Dividend Announcement

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

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.