Alberta Investment Management Corp Invests $18.97 Million in Ameren Corporation $AEE

Alberta Investment Management Corp acquired a new position in Ameren Corporation (NYSE:AEE) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 190,000 shares of the utilities provider’s stock, valued at approximately $18,973,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Ameren by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock worth $3,559,565,000 after acquiring an additional 495,945 shares during the period. State Street Corp lifted its position in Ameren by 3.3% in the fourth quarter. State Street Corp now owns 14,503,721 shares of the utilities provider’s stock worth $1,448,342,000 after purchasing an additional 457,876 shares during the period. Ameriprise Financial Inc. boosted its stake in Ameren by 1.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,283,529 shares of the utilities provider’s stock valued at $655,892,000 after purchasing an additional 60,519 shares in the last quarter. Invesco Ltd. boosted its stake in Ameren by 1.0% during the 3rd quarter. Invesco Ltd. now owns 5,140,239 shares of the utilities provider’s stock valued at $536,538,000 after purchasing an additional 49,282 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Ameren by 2.1% during the 4th quarter. Janus Henderson Group PLC now owns 4,823,992 shares of the utilities provider’s stock valued at $481,724,000 after purchasing an additional 99,671 shares during the period. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ameren

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

Wall Street Analyst Weigh In

AEE has been the topic of a number of research reports. JPMorgan Chase & Co. raised Ameren from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $126.00 in a research note on Thursday, May 21st. Argus lifted their target price on Ameren from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. BTIG Research assumed coverage on Ameren in a report on Thursday, April 9th. They set a “buy” rating and a $131.00 target price on the stock. UBS Group boosted their price target on shares of Ameren from $125.00 to $127.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Barclays upped their price target on shares of Ameren from $104.00 to $116.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.54.

Ameren Trading Down 0.3%

Shares of AEE opened at $108.59 on Friday. The business’s 50-day moving average price is $109.92 and its 200 day moving average price is $106.89. The stock has a market capitalization of $30.05 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.19 and a beta of 0.47. Ameren Corporation has a 1-year low of $94.20 and a 1-year high of $115.58. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39.

Ameren (NYSE:AEE) last released its 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. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the firm posted $1.07 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Analysts expect that Ameren Corporation will post 5.36 earnings per share for the current year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, June 9th. Ameren’s payout ratio is 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.