Ameren Corporation $AEE Shares Acquired by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. increased its position in Ameren Corporation by 23.1%, acquiring an additional 4,646 shares, bringing its total to 24,775 shares valued at approximately $2.49 million.
• Analysts have mixed opinions on Ameren's stock, with price targets ranging from $100.00 to $114.00, and the stock currently holds an average rating of "Moderate Buy."
• Ameren recently declared a quarterly dividend of $0.71 per share, representing a 2.8% annual yield, to be paid on September 30th to shareholders on record as of September 9th.

1832 Asset Management L.P. grew its position in Ameren Corporation (NYSE:AEE - Free Report) by 23.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,775 shares of the utilities provider's stock after acquiring an additional 4,646 shares during the quarter. 1832 Asset Management L.P.'s holdings in Ameren were worth $2,487,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Whittier Trust Co. boosted its holdings in shares of Ameren by 29.6% in the first quarter. Whittier Trust Co. now owns 499 shares of the utilities provider's stock valued at $50,000 after acquiring an additional 114 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Ameren by 1.3% in the fourth quarter. Captrust Financial Advisors now owns 10,107 shares of the utilities provider's stock valued at $901,000 after acquiring an additional 125 shares during the period. HighPoint Advisor Group LLC boosted its holdings in shares of Ameren by 3.1% in the first quarter. HighPoint Advisor Group LLC now owns 4,172 shares of the utilities provider's stock valued at $414,000 after acquiring an additional 125 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Ameren by 0.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,963 shares of the utilities provider's stock worth $1,423,000 after purchasing an additional 131 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of Ameren by 5.3% during the first quarter. Kovitz Investment Group Partners LLC now owns 2,741 shares of the utilities provider's stock worth $275,000 after purchasing an additional 138 shares during the period. 79.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AEE shares. Morgan Stanley decreased their price target on Ameren from $102.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. UBS Group increased their price target on Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 11th. KeyCorp set a $104.00 price target on Ameren and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Wells Fargo & Company increased their price target on Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Finally, Barclays decreased their price target on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $101.36.

Ameren Price Performance

Ameren stock opened at $101.9360 on Monday. Ameren Corporation has a one year low of $81.31 and a one year high of $104.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. The business has a fifty day moving average of $98.37 and a two-hundred day moving average of $98.09. The company has a market cap of $27.56 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45.

Ameren (NYSE:AEE - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company earned $0.97 earnings per share. Ameren's quarterly 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. As a group, analysts predict that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Dividend Announcement

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

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.

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