United Services Automobile Association Acquires Shares of 6,300 Ameren Corporation $AEE

Key Points

• United Services Automobile Association has purchased 6,300 shares of Ameren Corporation, valued at approximately $628,000, during the first quarter of the year.
• Analysts have varying opinions on Ameren, with the stock holding a consensus rating of "Moderate Buy" and a target price of $102.80.
• Ameren has declared a quarterly dividend of $0.71 per share to be paid on September 30th, representing an annualized yield of 2.9%.

United Services Automobile Association bought a new position in shares of Ameren Corporation (NYSE:AEE - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 6,300 shares of the utilities provider's stock, valued at approximately $628,000.

Other hedge funds also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Ameren during the 1st quarter worth $25,000. SouthState Corp bought a new stake in shares of Ameren during the 1st quarter worth $34,000. ORG Partners LLC raised its stake in shares of Ameren by 74.5% during the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock worth $35,000 after purchasing an additional 149 shares during the period. Cornerstone Planning Group LLC raised its stake in shares of Ameren by 586.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider's stock worth $41,000 after purchasing an additional 358 shares during the period. Finally, Whittier Trust Co. raised its stake in shares of Ameren by 29.6% during the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider's stock worth $50,000 after purchasing an additional 114 shares during the period. 79.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Ameren Price Performance

AEE traded down $0.19 during midday trading on Monday, hitting $100.61. The stock had a trading volume of 151,146 shares, compared to its average volume of 1,684,334. The company has a market cap of $27.20 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 2.59 and a beta of 0.47. The business has a fifty day moving average of $99.86 and a 200 day moving average of $98.30. 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 1 year low of $82.95 and a 1 year high of $104.10.

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

Ameren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $2.84 annualized dividend and a yield of 2.8%. Ameren's dividend payout ratio is currently 62.42%.

Insider Transactions at Ameren

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company's stock in a transaction that occurred on 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 sale, the senior vice president owned 9,129 shares of the company's stock, valued at $929,240.91. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Ameren 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.