Ameren Corporation $AEE Shares Sold by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC reduced its holdings in Ameren Corporation by 2.5%, now owning 104,066 shares valued at approximately $10.4 million, as reported in their latest SEC filing.
• Ameren's second-quarter earnings exceeded estimates, with reported EPS of $1.01 and revenue of $2.22 billion, marking a significant 31.2% increase year-over-year.
• The company announced a quarterly dividend of $0.71 per share, scheduled for payment on September 30, resulting in an annualized yield of 2.8%.

Great Lakes Advisors LLC trimmed its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,066 shares of the utilities provider's stock after selling 2,684 shares during the period. Great Lakes Advisors LLC's holdings in Ameren were worth $10,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AEE. Sciencast Management LP acquired a new position in shares of Ameren during the first quarter worth $3,532,000. Goldman Sachs Group Inc. lifted its position in shares of 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 in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Ameren during the first quarter worth $157,000. Dynamic Technology Lab Private Ltd lifted its position in shares of Ameren by 184.4% during the first quarter. Dynamic Technology Lab Private Ltd now owns 24,258 shares of the utilities provider's stock worth $2,435,000 after purchasing an additional 15,728 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new position in shares of Ameren during the first quarter worth $447,000. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Stock Down 0.6%

Shares of NYSE:AEE opened at $99.99 on Tuesday. 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 company has a fifty day simple moving average of $99.49 and a 200 day simple moving average of $98.28. The firm has a market cap of $27.04 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.58 and a beta of 0.47. Ameren Corporation has a 12-month low of $82.79 and a 12-month high of $104.10.

Ameren (NYSE:AEE - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The firm'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. On average, equities research analysts anticipate that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Announces Dividend

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

Insiders Place Their Bets

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 shares were sold at an average price of $101.79, for a total transaction of $101,790.00. Following the completion of the sale, the senior vice president owned 9,129 shares in the company, valued at $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 is available at this link. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AEE. Wells Fargo & Company boosted their target price on shares of Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Barclays reduced their target price on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. UBS Group boosted their target price on shares of Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Finally, KeyCorp set a $104.00 price target on shares of Ameren and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $102.80.

About Ameren

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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