Allstate Corp Boosts Stock Position in Ameren Corporation $AEE

Key Points

• Allstate Corp increased its stake in Ameren Corporation by 53.1% during the first quarter, now holding shares valued at approximately $1.24 million.
• Ameren reported quarterly earnings of $1.01 per share, surpassing expectations, with revenue of $2.22 billion, a year-over-year increase of 31.2%.
• The company recently declared a quarterly dividend of $0.71 per share with a yield of 2.8%, to be paid on September 30th to shareholders of record.

Allstate Corp increased its stake in Ameren Corporation (NYSE:AEE - Free Report) by 53.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,351 shares of the utilities provider's stock after acquiring an additional 4,285 shares during the period. Allstate Corp's holdings in Ameren were worth $1,240,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AEE. NewEdge Advisors LLC lifted its stake in shares of Ameren by 39.4% in the 4th quarter. NewEdge Advisors LLC now owns 6,574 shares of the utilities provider's stock valued at $586,000 after acquiring an additional 1,857 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ameren by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,036,224 shares of the utilities provider's stock valued at $92,373,000 after acquiring an additional 31,288 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Ameren by 6.2% in the 4th quarter. MML Investors Services LLC now owns 16,513 shares of the utilities provider's stock valued at $1,472,000 after acquiring an additional 969 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Ameren by 1,680.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,668 shares of the utilities provider's stock valued at $327,000 after purchasing an additional 3,462 shares during the period. Finally, IHT Wealth Management LLC increased its holdings in Ameren by 37.7% during the 4th quarter. IHT Wealth Management LLC now owns 3,514 shares of the utilities provider's stock valued at $313,000 after purchasing an additional 962 shares during the period. Institutional investors own 79.09% of the company's stock.

Ameren Stock Up 0.1%

Shares of AEE stock traded up $0.05 during midday trading on Wednesday, reaching $100.89. 1,143,380 shares of the stock were exchanged, compared to its average volume of 1,713,043. Ameren Corporation has a 1 year low of $81.31 and a 1 year high of $104.10. The company's 50 day moving average is $98.75 and its two-hundred day moving average is $98.16. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51. The firm has a market cap of $27.28 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.45.

Ameren (NYSE:AEE - Get Free Report) last posted its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share 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 firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the business earned $0.97 EPS. The business's revenue for the quarter was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities research analysts predict that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Dividend Announcement

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 issued a dividend of $0.71 per share. The ex-dividend date is Tuesday, September 9th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.8%. Ameren's dividend payout ratio is 62.42%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AEE shares. UBS Group boosted their price target on Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 11th. The Goldman Sachs Group upgraded Ameren from a "sell" rating to a "neutral" rating and boosted their price target for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. Barclays reduced their price target on Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Wells Fargo & Company boosted their price target on Ameren from $108.00 to $112.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Finally, KeyCorp set a $104.00 price target on 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 four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $101.36.

Insider Buying and Selling at Ameren

In related 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 sale, the senior vice president owned 9,129 shares in the company, valued at $929,240.91. This represents a 9.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.34% 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.