35,175 Shares in Ameren Corporation $AEE Purchased by Sciencast Management LP

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 purchased a new position in shares of Ameren Corporation (NYSE:AEE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,175 shares of the utilities provider's stock, valued at approximately $3,532,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nuveen LLC bought a new position in Ameren in the 1st quarter valued at $241,496,000. Price T Rowe Associates Inc. MD boosted its stake in Ameren by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider's stock valued at $2,851,821,000 after acquiring an additional 1,355,848 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Ameren by 51.7% in the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider's stock valued at $359,069,000 after acquiring an additional 1,218,509 shares during the last quarter. Vanguard Group Inc. boosted its stake in Ameren by 2.9% in the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider's stock valued at $3,445,138,000 after acquiring an additional 979,928 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Ameren by 76.7% in the fourth quarter. Millennium Management LLC now owns 2,134,288 shares of the utilities provider's stock valued at $190,250,000 after acquiring an additional 926,126 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company's stock.

Ameren Trading Down 0.4%

Shares of AEE stock opened at $100.52 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. Ameren Corporation has a 52-week low of $82.79 and a 52-week high of $104.10. The company has a market capitalization of $27.18 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.58 and a beta of 0.47. The business's fifty day moving average is $99.41 and its 200 day moving average is $98.27.

Ameren (NYSE:AEE - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the business posted $0.97 earnings per share. The firm's revenue was up 31.2% compared to the same quarter last year. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities research analysts anticipate that Ameren Corporation will post 4.93 EPS for the current fiscal 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 given a dividend of $0.71 per share. The ex-dividend date is Tuesday, September 9th. This represents a $2.84 annualized dividend and a dividend yield of 2.8%. Ameren's dividend payout ratio (DPR) is 62.42%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AEE shares. UBS Group increased their target price on shares of Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and upped their price target for the company from $91.00 to $100.00 in a research note on Wednesday, June 25th. Wells Fargo & Company boosted their target price on shares of Ameren from $108.00 to $112.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Barclays lowered their target price on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Finally, KeyCorp set a $104.00 target price on shares of Ameren and gave the company an "overweight" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $102.80.

Insider Buying and Selling at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $101.79, for a total transaction of $101,790.00. Following the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.34% of the company's stock.

About Ameren

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.

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