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Ameren Corporation $AEE Shares Bought by Mutual Advisors LLC

Ameren logo with Utilities background

Mutual Advisors LLC lifted its position in shares of Ameren Corporation (NYSE:AEE - Free Report) by 41.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,504 shares of the utilities provider's stock after purchasing an additional 8,351 shares during the period. Mutual Advisors LLC's holdings in Ameren were worth $2,853,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AEE. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Ameren in the first quarter valued at approximately $25,000. Fortitude Family Office LLC lifted its stake in Ameren by 600.0% in the second quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider's stock valued at $33,000 after buying an additional 294 shares during the last quarter. SouthState Corp purchased a new stake in Ameren in the first quarter valued at approximately $34,000. Ameritas Advisory Services LLC purchased a new stake in Ameren in the second quarter valued at approximately $34,000. Finally, ORG Partners LLC lifted its stake in Ameren by 74.5% in the first quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock valued at $35,000 after buying an additional 149 shares during the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Trading Down 0.3%

Shares of AEE stock opened at $105.12 on Friday. The business's fifty day moving average price is $101.46 and its 200 day moving average price is $98.80. Ameren Corporation has a 1-year low of $85.27 and a 1-year high of $106.23. The firm has a market capitalization of $28.43 billion, a PE ratio of 23.10, a P/E/G ratio of 2.65 and a beta of 0.49. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $1.82 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. Ameren's quarterly revenue was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, sell-side analysts forecast that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, December 9th. Ameren's payout ratio is presently 62.42%.

Analysts Set New Price Targets

AEE has been the subject of a number of research reports. 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. Barclays dropped their target price on Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. UBS Group boosted their target price on Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 11th. Weiss Ratings reissued a "buy (b-)" rating on shares of Ameren in a report on Wednesday, October 8th. Finally, Morgan Stanley dropped their target price on Ameren from $105.00 to $104.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Ameren currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.38.

Get Our Latest Report on Ameren

Insider Buying and Selling

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the sale, the senior vice president directly owned 9,129 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.42% of the company's stock.

Ameren Profile

(Free Report)

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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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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