QRG Capital Management Inc. Has $6.82 Million Stock Holdings in Ameren Corporation $AEE

QRG Capital Management Inc. lifted its holdings in shares of Ameren Corporation (NYSE:AEE) by 10.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,007 shares of the utilities provider’s stock after buying an additional 5,967 shares during the period. QRG Capital Management Inc.’s holdings in Ameren were worth $6,816,000 as of its most recent filing with the SEC.

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

Ameren Trading Down 0.0%

AEE opened at $114.97 on Monday. Ameren Corporation has a fifty-two week low of $94.20 and a fifty-two week high of $118.32. The firm has a market capitalization of $31.82 billion, a PE ratio of 20.68, a P/E/G ratio of 2.31 and a beta of 0.47. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.62 and a quick ratio of 0.44. The company’s 50-day moving average is $110.19 and its 200 day moving average is $107.93.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. 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 fiscal year.

Ameren Announces Dividend

The firm also recently disclosed 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 of this dividend was Tuesday, June 9th. This represents a $3.00 annualized dividend and a yield of 2.6%. Ameren’s payout ratio is currently 53.96%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AEE shares. Truist Financial cut their price objective on Ameren from $126.00 to $121.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Morgan Stanley set a $115.00 target price on shares of Ameren in a research report on Wednesday, June 24th. JPMorgan Chase & Co. upgraded shares of Ameren from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $126.00 in a report on Thursday, May 21st. Weiss Ratings upgraded shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen lowered shares of Ameren from a “hold” rating to a “sell” rating in a research note on Monday, May 25th. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $119.42.

Insider Transactions at Ameren

In other Ameren news, SVP Theresa A. Shaw sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total value of $164,025.00. Following the completion of the transaction, the senior vice president owned 32,943 shares in the company, valued at $3,602,317.05. This represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by company insiders.

Ameren 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.