Ameren Corporation $AEE Shares Acquired by TI Trust Inc.

Key Points

• TI Trust Inc. increased its stake in Ameren Corporation by 53.9% in Q2, resulting in ownership of 16,466 shares valued at approximately $1.58 million.
• The company reported $1.01 EPS for the last quarter, surpassing expectations, with revenues up 31.2% year-over-year.
• Ameren announced a quarterly dividend of $0.71 per share, yielding 2.7%, while maintaining a payout ratio of 62.42%.

TI Trust Inc. lifted its stake in shares of Ameren Corporation (NYSE:AEE - Free Report) by 53.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,466 shares of the utilities provider's stock after buying an additional 5,770 shares during the quarter. Ameren makes up approximately 1.1% of TI Trust Inc.'s portfolio, making the stock its 25th biggest position. TI Trust Inc.'s holdings in Ameren were worth $1,581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Ameren by 2.9% during the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider's stock worth $3,445,138,000 after purchasing an additional 979,928 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Ameren by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider's stock worth $2,851,821,000 after purchasing an additional 1,355,848 shares during the last quarter. Invesco Ltd. lifted its stake in Ameren by 16.1% during the first quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider's stock worth $467,741,000 after purchasing an additional 646,000 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Ameren by 51.7% during the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider's stock worth $359,069,000 after purchasing an additional 1,218,509 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Ameren by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider's stock worth $283,636,000 after purchasing an additional 151,808 shares during the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business'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 transaction, the senior vice president owned 9,129 shares of the company's stock, valued at approximately $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AEE shares. Barclays decreased their target price on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. KeyCorp set a $104.00 target price on Ameren and gave the stock 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 target price for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Morgan Stanley cut their price target on Ameren from $105.00 to $104.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Ameren in a research report on Saturday, September 27th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.75.

Ameren Trading Down 0.4%

NYSE:AEE opened at $104.48 on Wednesday. The firm has a market cap of $28.25 billion, a P/E ratio of 22.96, a PEG ratio of 2.69 and a beta of 0.49. 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 stock's 50 day simple moving average is $101.14 and its 200-day simple moving average is $98.56. Ameren Corporation has a 12-month low of $85.27 and a 12-month high of $105.67.

Ameren (NYSE:AEE - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. The business had revenue of $2.22 billion for 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%.The company's revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Equities analysts anticipate that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were issued a $0.71 dividend. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. Ameren's 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.

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