SVB Wealth LLC Acquires 7,979 Shares of Ameren Corporation $AEE

Key Points

• SVB Wealth LLC increased its holdings in Ameren Corporation by 154.2% during the first quarter, acquiring an additional 7,979 shares, bringing its total ownership to 13,152 shares valued at $1,320,000.
• A number of hedge funds, including Quarry LP and SouthState Corp, also acquired new positions in Ameren, with institutional investors owning 79.09% of the stock.
• Ameren Corporation recently declared a quarterly dividend of $0.71 per share, with an annual yield of 2.8%, reflecting a payout ratio of 62.42%.

SVB Wealth LLC increased its stake in shares of Ameren Corporation (NYSE:AEE - Free Report) by 154.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,152 shares of the utilities provider's stock after acquiring an additional 7,979 shares during the quarter. SVB Wealth LLC's holdings in Ameren were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Ameren during the first quarter valued at approximately $25,000. SouthState Corp bought a new stake in Ameren during the 1st quarter valued at $34,000. Quarry LP purchased a new stake in Ameren during the 4th quarter valued at $31,000. ORG Partners LLC grew its holdings in Ameren by 74.5% in the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock worth $35,000 after acquiring an additional 149 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its position in shares of Ameren by 586.9% in the first quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider's stock valued at $41,000 after acquiring an additional 358 shares during the period. Institutional investors own 79.09% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. 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. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a research report on Thursday, August 21st. KeyCorp set a $104.00 target price on Ameren and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wells Fargo & Company raised their price target on Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Finally, The Goldman Sachs Group raised shares of 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 report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $101.36.

Ameren Stock Up 0.2%

AEE traded up $0.18 during midday trading on Tuesday, reaching $100.91. The company's stock had a trading volume of 1,296,676 shares, compared to its average volume of 1,512,219. Ameren Corporation has a 1 year low of $81.31 and a 1 year high of $104.10. The stock's 50-day moving average is $98.62 and its 200-day moving average is $98.14. The firm has a market capitalization of $27.29 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.59 and a beta of 0.45. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51.

Ameren (NYSE:AEE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 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 firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the firm posted $0.97 EPS. The business's revenue for the quarter 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, research analysts expect that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Announces Dividend

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 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 presently 62.42%.

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.