Sciencast Management LP Takes Position in Ameren Corporation $AEE

Key Points

• Sciencast Management LP has acquired 35,175 shares of Ameren Corporation, valued at approximately $3.53 million, marking a new investment position by the fund.
• Ameren's recent quarterly earnings reported a 31.2% increase in revenue year-over-year, reaching $2.22 billion, and earnings per share (EPS) of $1.01, surpassing estimates.
• The company announced a quarterly dividend of $0.71 per share, with an annualized yield of 2.8%, payable to shareholders on September 30th.

Sciencast Management LP acquired a new stake in Ameren Corporation (NYSE:AEE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 35,175 shares of the utilities provider's stock, valued at approximately $3,532,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Ameren in the 1st quarter valued at $25,000. SouthState Corp purchased a new position in Ameren in the 1st quarter valued at $34,000. ORG Partners LLC lifted its holdings in Ameren by 74.5% in the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 149 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in Ameren by 586.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 358 shares in the last quarter. Finally, Whittier Trust Co. lifted its holdings in Ameren by 29.6% in the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company's stock.

Ameren Trading Up 0.5%

NYSE AEE traded up $0.48 during trading on Friday, hitting $100.79. The stock had a trading volume of 917,327 shares, compared to its average volume of 1,384,878. The company has a market capitalization of $27.25 billion, a PE ratio of 22.15, a PEG ratio of 2.58 and a beta of 0.47. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. The firm has a 50 day moving average price of $99.86 and a 200 day moving average price of $98.31. Ameren Corporation has a twelve month low of $82.95 and a twelve month high of $104.10.

Ameren (NYSE:AEE - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.Ameren's revenue was up 31.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, equities research analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 9th. Ameren's dividend payout ratio (DPR) is presently 62.42%.

Analysts Set New Price Targets

AEE has been the topic of a number of research reports. Morgan Stanley restated an "outperform" rating on shares of Ameren in a report on Thursday, August 21st. KeyCorp set a $104.00 target price on Ameren and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group raised Ameren from a "sell" rating to a "neutral" rating and raised their target price for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. UBS Group raised their target price on Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Barclays cut their target price on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $102.80.

Insider Activity

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the completion of the transaction, the senior vice president owned 9,129 shares in the company, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.42% of the company's stock.

Ameren Company Profile

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.