AMEREN CORP AEE
COM · Common Stock · CUSIP 023608102 · ISIN US0236081024
Electric power and natural gas utility holding company based in St. Louis, Missouri, U.S.
- SectorUtilities
- IndustryElectric & Other Services Combined
- HeadquartersSt Louis, MO
- Founded1997
- Websiteameren.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($120.3m this quarter). Holder counts are more reliable. Shares outstanding: 276.4m as of 2026-01-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $99.86. Options: 6 managers hold calls ($12.6m notional), 5 hold puts ($32.8m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 657 |
| Q4 2022 | 681 |
| Q1 2023 | 674 |
| Q2 2023 | 677 |
| Q3 2023 | 671 |
| Q4 2023 | 683 |
| Q1 2024 | 661 |
| Q2 2024 | 663 |
| Q3 2024 | 684 |
| Q4 2024 | 737 |
| Q1 2025 | 810 |
| Q2 2025 | 801 |
| Q3 2025 | 825 |
| Q4 2025 | 882 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 276 | 325 |
| Q2 2024 | 297 | 277 |
| Q3 2024 | 332 | 269 |
| Q4 2024 | 367 | 253 |
| Q1 2025 | 436 | 266 |
| Q2 2025 | 427 | 309 |
| Q3 2025 | 421 | 289 |
| Q4 2025 | 435 | 307 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $12.5m | $11.4m | 0.91 |
| Q2 2025 | $15.3m | $4.5m | 0.30 |
| Q3 2025 | $15.4m | $4.1m | 0.27 |
| Q4 2025 | $12.6m | $32.8m | 2.60 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | Added | +11.7m |
| CITADEL ADVISORS LLC | Added | +1.7m |
| BlackRock, Inc. | Added | +1.2m |
| Point72 Asset Management, L.P. | New | +958.0k |
| LAZARD ASSET MANAGEMENT LLC | Added | +916.9k |
| Clark Capital Management Group, Inc. | New | +667.2k |
| Aventail Capital Group, LP | New | +666.4k |
| Assenagon Asset Management S.A. | Added | +513.6k |
| VANGUARD GROUP INC | Added | +495.9k |
| STATE STREET CORP | Added | +457.9k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -6.9m |
| JPMORGAN CHASE & CO | Reduced | -6.5m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -391.0k |
| ExodusPoint Capital Management, LP | Reduced | -373.3k |
| Squarepoint Ops LLC | Reduced | -311.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Sold out | -246.2k |
| Ceredex Value Advisors LLC | Reduced | -224.9k |
| California Public Employees Retirement System | Reduced | -165.1k |
| HITE Hedge Asset Management LLC | Reduced | -157.0k |
| BARCLAYS PLC | Reduced | -149.8k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $5.3m53.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.4m24.3k shares |
| CITADEL ADVISORS LLC | Reduced | $2.0m19.9k shares |
| Walleye Trading LLC | Added | $1.5m15.0k shares |
| IMC-Chicago, LLC | New | $1.2m12.2k shares |
| SIMPLEX TRADING, LLC | Added | $169.8k1.7k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | New | $30.0m300.0k shares |
| CITADEL ADVISORS LLC | Added | $1.9m19.3k shares |
| JANE STREET GROUP, LLC | Reduced | $749.0k7.5k shares |
| Walleye Trading LLC | Added | $89.9k900 shares |
| GROUP ONE TRADING LLC | New | $69.9k700 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution filed 2026-02-17 | 8.1% |
| BlackRock, Inc. 13G · institution filed 2026-01-21 | 8.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-28 | 5.7% |
| STATE STREET CORP 13G · institution new · filed 2025-11-10 | 5.2% |
Fell to 5% or below in the last year: T. Rowe Price Investment Management, Inc. (2.7%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 1 | $514.0k | $514.0k |
| Q2 2024 | 0 | — | 1 | $106.9k | — |
| Q3 2024 | 0 | — | 2 | $668.4k | $536.4k |
| Q4 2024 | 0 | — | 1 | $599.0k | $599.0k |
| Q1 2025 | 0 | — | 6 | $3.3m | $2.2m |
| Q2 2025 | 0 | — | 1 | $641.0k | $641.0k |
| Q3 2025 | 0 | — | 1 | $666.5k | $666.5k |
| Q4 2025 | 0 | — | 5 | $1.3m | $693.4k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-11-17 | Flores Rafael Director | Sold | $65.9k626 shares |
| 2025-11-14 | HARSHMAN RICHARD J Director | Sold | $262.2k2.5k shares |
| 2025-11-14 | Smith Patrick E SVP of Subsidiary | Sold | $251.9k2.4k shares |
| 2025-11-14 | Shaw Theresa A SVP, Finance and CAO | Sold plan | $34.1k325 shares |
| 2025-11-03 | MOEHN MICHAEL L Sr Executive VP & CFO | Sold plan | $659.4k6.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 35.6m $3.6bn | Added +495.9k |
| T. Rowe Price Investment Management, Inc. 1.08% of their portfolio | 27.2m $2.7bn | Added +11.7m |
| BlackRock, Inc. 0.04% of their portfolio | 23.0m $2.3bn | Added +1.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.23% of their portfolio | 21.8m $2.2bn | Reduced -6.9m |
| STATE STREET CORP 0.05% of their portfolio | 14.5m $1.4bn | Added +457.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 7.3m $728.8m | Reduced -3.3k |
| AMERIPRISE FINANCIAL INC 0.14% of their portfolio | 6.4m $634.4m | Added +68.9k |
| Invesco Ltd. 0.05% of their portfolio | 5.3m $528.3m | Added +150.0k |
| FMR LLC 0.03% of their portfolio | 4.9m $492.7m | Added +92.5k |
| JANUS HENDERSON GROUP PLC 0.22% of their portfolio | 4.8m $481.7m | Added +99.7k |
| ALLIANCEBERNSTEIN L.P. 0.11% of their portfolio | 3.5m $352.9m | Added +155.8k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 3.5m $351.2m | Added +334.9k |
| MORGAN STANLEY 0.02% of their portfolio | 3.0m $302.0m | Added +129.3k |
| WELLS FARGO & COMPANY/MN 0.06% of their portfolio | 3.0m $297.2m | Reduced -66.3k |
| BESSEMER GROUP INC 0.42% of their portfolio | 2.7m $273.6m | Reduced -35.5k |
| FRANKLIN RESOURCES INC 0.06% of their portfolio | 2.5m $247.0m | Added +123.1k |
| Nuveen, LLC 0.06% of their portfolio | 2.4m $238.1m | Added +158.6k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 2.2m $216.4m | Reduced -134.6k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 2.1m $212.5m | Reduced -23.1k |
| Pictet Asset Management Holding SA 0.19% of their portfolio | 2.0m $199.4m | Reduced -62.2k |
| Legal & General Group Plc 0.04% of their portfolio | 2.0m $197.8m | Reduced -139.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.8m $175.5m | Added +22.4k |
| CITADEL ADVISORS LLC 0.12% of their portfolio | 1.7m $170.9m | Added +1.7m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 1.7m $169.0m | Reduced -95.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.7m $168.5m | Reduced -6.5m |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.5m $154.4m | Added +6.1k |
| COHEN & STEERS, INC. 0.28% of their portfolio | 1.5m $153.5m | Reduced -20.8k |
| JENNISON ASSOCIATES LLC 0.09% of their portfolio | 1.4m $143.8m | Reduced -27.5k |
| Soroban Capital Partners LP 0.95% of their portfolio | 1.2m $130.3m | Unchanged |
| ANTIPODES PARTNERS Ltd 2.61% of their portfolio | 1.2m $124.2m | Reduced -127.3k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.36% of their portfolio | 1.2m $120.3m | Reduced -47.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.2m $115.2m | Reduced -132.5k |
| BARCLAYS PLC 0.05% of their portfolio | 1.1m $113.3m | Reduced -149.8k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.1m $111.7m | Added +25.9k |
| REAVES W H & CO INC 1.89% of their portfolio | 1.1m $108.3m | Added +120.7k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 987.4k $98.6m | Added +182.1k |
| UBS Group AG 0.02% of their portfolio | 973.2k $97.2m | Added +43.8k |
| Caisse de depot et placement du Quebec 0.16% of their portfolio | 959.8k $95.9m | Added +257.5k |
| Point72 Asset Management, L.P. 0.15% of their portfolio | 958.0k $95.7m | New |
| LAZARD ASSET MANAGEMENT LLC 0.16% of their portfolio | 932.0k $93.1m | Added +916.9k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 913.6k $91.2m | Reduced -17.2k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 811.6k $81.1m | Added +364.9k |
| Swiss National Bank 0.04% of their portfolio | 741.1k $74.0m | Reduced -54.0k |
| Zimmer Partners, LP 1.88% of their portfolio | 713.9k $71.3m | Reduced -35.4k |
| MARSHALL WACE, LLP 0.07% of their portfolio | 697.2k $69.6m | Reduced -82.2k |
| California Public Employees Retirement System 0.04% of their portfolio | 681.7k $68.1m | Reduced -165.1k |
| Clark Capital Management Group, Inc. 0.41% of their portfolio | 667.2k $66.6m | New |
| Aventail Capital Group, LP 3.83% of their portfolio | 666.4k $66.5m | New |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 647.1k $64.6m | Added +154.1k |
| Homestead Advisers Corp 1.71% of their portfolio | 644.9k $64.4m | Reduced -89.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 637.4k $63.6m | Reduced -27.9k |
| ExodusPoint Capital Management, LP 0.68% of their portfolio | 613.0k $61.2m | Reduced -373.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.05% of their portfolio | 591.8k $59.2m | Reduced -26.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 568.7k $57.4m | Added +25.0k |
| CIBC Private Wealth Group LLC 0.10% of their portfolio | 565.3k $56.5m | Added +187.4k |
| HITE Hedge Asset Management LLC 3.55% of their portfolio | 557.7k $55.7m | Reduced -157.0k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.28% of their portfolio | 553.5k $55.3m | Reduced -2.0k |
| UniSuper Management Pty Ltd 0.33% of their portfolio | 544.1k $54.3m | Reduced -1.0k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 519.5k $51.9m | Added +134.8k |
| Assenagon Asset Management S.A. 0.08% of their portfolio | 518.7k $51.8m | Added +513.6k |
| CHILTON CAPITAL MANAGEMENT LLC 1.76% of their portfolio | 511.0k $51.0m | Added +210.6k |
| Energy Income Partners, LLC 0.90% of their portfolio | 495.2k $49.5m | Added +204.3k |
| Squarepoint Ops LLC 0.10% of their portfolio | 492.4k $49.2m | Reduced -311.2k |
| GABELLI FUNDS LLC 0.33% of their portfolio | 482.8k $48.2m | Reduced -400 |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 464.7k $46.4m | Reduced -7.2k |
| Amundi 0.01% of their portfolio | 446.3k $44.6m | Reduced -23.1k |
| Yaupon Capital Management LP 2.13% of their portfolio | 434.5k $43.4m | Added +163.5k |
| BANK OF NOVA SCOTIA 0.06% of their portfolio | 402.3k $40.2m | Added +368.7k |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 392.9k $39.2m | Added +300.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 389.3k $38.9m | Added +209.4k |
| CITIGROUP INC 0.03% of their portfolio | 384.1k $38.4m | Added +76.1k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 380.7k $38.0m | Reduced -8.4k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 373.1k $37.3m | Added +77.8k |
| National Pension Service 0.03% of their portfolio | 371.4k $37.1m | Added +36.1k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 358.0k $35.8m | Added +17.7k |
| GATEWAY INVESTMENT ADVISERS LLC 0.32% of their portfolio | 345.7k $34.5m | Added +1.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 326.2k $32.6m | Reduced -5.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 324.8k $32.4m | Added +7.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 319.1k $31.9m | Added +16.3k |
| Freestone Grove Partners LP 0.21% of their portfolio | 292.4k $29.2m | New |
| Verition Fund Management LLC 0.15% of their portfolio | 286.0k $28.6m | Added +82.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 286.0k $28.8m | Reduced -10.0k |
| Hudson Bay Capital Management LP 0.16% of their portfolio | 282.8k $28.2m | Added +4.8k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 280.5k $28.0m | Reduced -364 |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.11% of their portfolio | 279.4k $27.9m | Added +255 |
| Ceredex Value Advisors LLC 0.78% of their portfolio | 258.9k $25.9m | Reduced -224.9k |
| MILFORD FUNDS LTD 0.48% of their portfolio | 245.8k $24.5m | First filing |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 242.8k $24.2m | Reduced -100 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 241.7k $24.1m | Reduced -8.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 240.8k $24.0m | New |
| Magellan Asset Management Ltd 0.28% of their portfolio | 228.8k $22.8m | Added +3.1k |
| Korea Investment CORP 0.04% of their portfolio | 228.0k $22.8m | Added +17.5k |
| LPL Financial LLC 0.01% of their portfolio | 226.8k $22.7m | Added +82.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 209.6k $20.9m | Reduced -2.8k |
| Quantinno Capital Management LP 0.04% of their portfolio | 205.3k $20.5m | Added +69.4k |
| Gotham Asset Management, LLC 0.07% of their portfolio | 192.2k $19.2m | Added +121.4k |
| TUDOR INVESTMENT CORP ET AL 0.10% of their portfolio | 191.1k $19.1m | Added +35.2k |
| Alberta Investment Management Corp 0.11% of their portfolio | 190.0k $19.0m | New |
| BRAUN STACEY ASSOCIATES INC 0.61% of their portfolio | 188.8k $18.8m | Reduced -387 |
| Northwest & Ethical Investments L.P. 0.42% of their portfolio | 188.1k $18.8m | Reduced -9.3k |