Ameren Corporation $AEE Stock Bought by First Citizens Bank & Trust Co.

by · The Markets Daily

First Citizens Bank & Trust Co. grew its holdings in Ameren Corporation (NYSE:AEE – Free Report) by 437.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,081 shares of the utilities provider’s stock after buying an additional 9,019 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Ameren were worth $1,101,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AEE. BlackRock Inc. acquired a new stake in shares of Ameren in the second quarter valued at $2,918,526,000. T. Rowe Price Investment Management Inc. raised its position in Ameren by 2.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,885,476 shares of the utilities provider’s stock valued at $1,586,324,000 after purchasing an additional 362,052 shares in the last quarter. Janus Henderson Group PLC raised its position in Ameren by 11.5% in the 1st quarter. Janus Henderson Group PLC now owns 5,377,156 shares of the utilities provider’s stock valued at $591,056,000 after purchasing an additional 553,164 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Ameren in the 2nd quarter valued at about $578,254,000. Finally, Bessemer Group Inc. boosted its stake in shares of Ameren by 0.7% in the 1st quarter. Bessemer Group Inc. now owns 2,758,605 shares of the utilities provider’s stock valued at $303,227,000 after buying an additional 18,526 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Trading Down 0.8%

AEE opened at $103.77 on Friday. Ameren Corporation has a one year low of $96.57 and a one year high of $118.32. The company has a market cap of $28.73 billion, a P/E ratio of 18.27, a PEG ratio of 3.05 and a beta of 0.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. The business’s 50-day simple moving average is $104.57 and its 200-day simple moving average is $108.60.

Ameren (NYSE:AEE – Get Free Report) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the company earned $1.01 EPS. The business’s quarterly revenue was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities research analysts expect that Ameren Corporation will post 5.40 EPS for the current fiscal year.

Ameren Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, December 8th. Ameren’s dividend payout ratio is 52.82%.

Analyst Upgrades and Downgrades

AEE has been the subject of a number of analyst reports. Scotiabank assumed coverage on Ameren in a research report on Tuesday, September 29th. They set a “sector perform” rating and a $104.00 price objective for the company. BMO Capital Markets reduced their target price on shares of Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. BTIG Research set a $126.00 price target on shares of Ameren in a research note on Thursday, July 23rd. Barclays lifted their price target on shares of Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Finally, KeyCorp lifted their price objective on shares of Ameren from $116.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.77.

Get Our Latest Stock Analysis on AEE

Insider Buying and Selling at Ameren

In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the sale, the senior vice president owned 32,340 shares of the company’s stock, valued at approximately $3,522,796.20. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total transaction of $708,240.00. Following the sale, the insider owned 199,689 shares of the company’s stock, valued at $21,758,113.44. This represents a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,073 shares of company stock worth $769,814 over the last three months. Insiders own 0.29% of the company’s stock.

Ameren Profile

(Free Report)

Ameren Corporation is a regulated utility holding company that provides electric and natural gas services to customers in Illinois and Missouri. Through its operating companies, Ameren delivers energy to residential, commercial and industrial customers and operates the infrastructure required to generate, transmit and distribute electricity, as well as distribute natural gas.

Ameren Missouri is involved in electric generation, transmission and distribution and natural gas distribution across Missouri.

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