Legal & General Group Plc Reduces Stake in Ameren Corporation

The investment firm lowered its holdings in the utility provider by 6.2% in the third quarter.

Mar. 13, 2026 at 9:55am

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Legal & General Group Plc, a major institutional investor, reduced its stake in Ameren Corporation (NYSE:AEE) by 6.2% during the third quarter, according to a recent SEC filing. The firm now owns 2,120,507 shares of the utilities provider's stock, valued at $221,339,000, making it one of Ameren's largest shareholders.

Why it matters

Institutional investors like Legal & General Group Plc play a significant role in the stock market, and changes in their holdings can impact a company's share price and overall performance. This reduction in stake by a major investor raises questions about Ameren's outlook from the perspective of some of its largest shareholders.

The details

According to the SEC filing, Legal & General Group Plc sold 139,911 shares of Ameren during the third quarter, reducing its total stake in the company by 6.2%. The investment firm remains one of Ameren's largest shareholders, owning 0.78% of the utility provider's outstanding shares.

  • The stake reduction occurred during the third quarter of the year.

The players

Legal & General Group Plc

A major institutional investor and one of the largest shareholders of Ameren Corporation.

Ameren Corporation

A utility provider that generates and distributes electricity and natural gas in Missouri and Illinois.

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The takeaway

The reduction in Legal & General Group Plc's stake in Ameren Corporation suggests that at least one of the utility's major investors has become more cautious about the company's prospects, which could impact the stock's performance going forward.