Great Lakes Advisors LLC Has $10.45 Million Holdings in Ameren Corporation $AEE

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 its most recent Form 13F filing with the SEC. The firm 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.

Several other institutional investors have also bought and sold shares of the stock. Sciencast Management LP bought a new position in Ameren in the 1st quarter valued at about $3,532,000. Goldman Sachs Group Inc. increased its stake in Ameren by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider's stock valued at $283,636,000 after buying an additional 151,808 shares during the period. Kestra Investment Management LLC acquired a new position in Ameren during the 1st quarter valued at about $157,000. Dynamic Technology Lab Private Ltd increased its stake in Ameren by 184.4% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 24,258 shares of the utilities provider's stock valued at $2,435,000 after buying an additional 15,728 shares during the period. Finally, Teza Capital Management LLC acquired a new position in Ameren during the 1st quarter valued at about $447,000. Institutional investors and hedge funds own 79.09% of the company's stock.

Insiders Place Their Bets

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction dated 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. This trade represents a 9.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on AEE. UBS Group raised their target price on shares of Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Morgan Stanley reaffirmed an "outperform" rating on shares of Ameren in a report on Thursday, August 21st. The Goldman Sachs Group raised Ameren from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. KeyCorp set a $104.00 target price on Ameren and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Barclays lowered 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $102.80.

Ameren Trading Up 0.5%

AEE traded up $0.48 during trading on Friday, reaching $100.79. The company had a trading volume of 917,327 shares, compared to its average volume of 1,335,464. The firm's 50-day simple moving average is $99.86 and its 200 day simple moving average is $98.30. The company has a market cap of $27.25 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.59 and a beta of 0.47. Ameren Corporation has a 12-month low of $82.95 and a 12-month high of $104.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80.

Ameren (NYSE:AEE - Get Free Report) last issued its quarterly 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. The firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.Ameren's revenue was up 31.2% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Equities research analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $2.84 dividend on an annualized basis and a yield of 2.8%. Ameren's dividend payout ratio (DPR) is currently 62.42%.

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.