Marks Group Wealth Management Inc Makes New Investment in Ameren Corporation $AEE
by Sarita Garza · The Markets DailyMarks Group Wealth Management Inc acquired a new position in shares of Ameren Corporation (NYSE:AEE – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 15,382 shares of the utilities provider’s stock, valued at approximately $1,536,000.
Several other large investors have also recently bought and sold shares of AEE. NewEdge Advisors LLC lifted its holdings 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 in the last quarter. Empowered Funds LLC lifted its holdings in Ameren by 19.8% during the 1st quarter. Empowered Funds LLC now owns 6,255 shares of the utilities provider’s stock worth $628,000 after buying an additional 1,034 shares in the last quarter. Woodline Partners LP lifted its holdings in Ameren by 42.2% during the 1st quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock worth $2,289,000 after buying an additional 6,772 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Ameren by 48.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,555 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 505 shares during the period. Finally, Brown Advisory Inc. lifted its stake in shares of Ameren by 6.3% in the 2nd quarter. Brown Advisory Inc. now owns 4,688 shares of the utilities provider’s stock valued at $450,000 after purchasing an additional 277 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.
Ameren Stock Performance
AEE stock opened at $107.99 on Wednesday. The business’s fifty day moving average is $110.18 and its 200-day moving average is $106.70. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 1.39. The company has a market cap of $29.89 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 2.16 and a beta of 0.47. Ameren Corporation has a twelve month low of $93.50 and a twelve month high of $115.58.
Ameren (NYSE:AEE – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, beating 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 business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities research analysts forecast that Ameren Corporation will post 5.36 EPS for the current year.
Ameren Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a $0.75 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. Ameren’s dividend payout ratio is currently 53.96%.
Insider Activity at Ameren
In related news, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction 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 sale, the senior vice president owned 32,618 shares in the company, valued at $3,557,971.44. This represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded Ameren from a “hold” rating to a “sell” rating in a research note on Monday, May 25th. Weiss Ratings raised Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Wells Fargo & Company reissued an “overweight” rating and issued a $120.00 price target on shares of Ameren in a research note on Tuesday, April 21st. Truist Financial cut their price target on Ameren from $126.00 to $121.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, UBS Group increased their price target on Ameren from $125.00 to $127.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.54.
Get Our Latest Analysis on AEE
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.
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