Bank of Nova Scotia Has $39.27 Million Holdings in Ameren Corporation $AEE

Bank of Nova Scotia lowered its stake in Ameren Corporation (NYSE:AEE) by 11.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 357,277 shares of the utilities provider’s stock after selling 45,039 shares during the period. Bank of Nova Scotia’s holdings in Ameren were worth $39,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEE. Droms Strauss Advisors Inc. MO ADV raised its position in shares of Ameren by 2.2% during the 1st quarter. Droms Strauss Advisors Inc. MO ADV now owns 4,162 shares of the utilities provider’s stock valued at $457,000 after acquiring an additional 90 shares during the last quarter. Fortitude Advisory Group L.L.C. raised its position in shares of Ameren by 4.3% during the first quarter. Fortitude Advisory Group L.L.C. now owns 2,269 shares of the utilities provider’s stock worth $249,000 after purchasing an additional 93 shares during the period. Parallel Advisors LLC lifted its stake in Ameren by 1.6% in the first quarter. Parallel Advisors LLC now owns 5,746 shares of the utilities provider’s stock valued at $632,000 after buying an additional 93 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in Ameren by 19.4% in the 1st quarter. GHP Investment Advisors Inc. now owns 602 shares of the utilities provider’s stock valued at $66,000 after acquiring an additional 98 shares in the last quarter. Finally, Kentucky Trust Co lifted its holdings in shares of Ameren by 0.7% in the fourth quarter. Kentucky Trust Co now owns 14,759 shares of the utilities provider’s stock valued at $1,474,000 after purchasing an additional 100 shares in the last quarter. 79.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $109.08, for a total value of $35,451.00. Following the completion of the transaction, the senior vice president directly owned 32,618 shares in the company, valued at approximately $3,557,971.44. This represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AEE shares. Weiss Ratings upgraded shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. BMO Capital Markets lowered their price target on Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a research report on Wednesday. Wells Fargo & Company reiterated an “overweight” rating and issued a $120.00 price target on shares of Ameren in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lifted their target price on Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, 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 report on Thursday, July 16th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ameren has an average rating of “Moderate Buy” and an average price target of $121.50.

Ameren Trading Up 0.4%

Shares of AEE opened at $113.75 on Friday. Ameren Corporation has a 52-week low of $96.57 and a 52-week high of $118.32. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.62. The business’s fifty day moving average is $110.82 and its 200-day moving average is $109.22. The firm has a market cap of $31.48 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 2.74 and a beta of 0.47.

Ameren (NYSE:AEE) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities analysts anticipate that Ameren Corporation will post 5.39 EPS for the current fiscal year.

Ameren Announces Dividend

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

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.