Price T Rowe Associates Inc. MD Buys 1,355,848 Shares of Ameren Corporation $AEE

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Ameren Corporation by 5.0%, now owning 10.51% of the company, valued at approximately $2.85 billion.
• Ameren reported a 31.2% increase in quarterly revenue year-over-year, with earnings per share of $1.01, surpassing analyst estimates.
• The company announced a quarterly dividend of $0.71 per share, yielding 2.8%, with the dividend payout ratio currently at 62.42%.

Price T Rowe Associates Inc. MD boosted its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 5.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,404,577 shares of the utilities provider's stock after purchasing an additional 1,355,848 shares during the period. Price T Rowe Associates Inc. MD owned 10.51% of Ameren worth $2,851,821,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. bought a new position in Ameren in the 1st quarter valued at $25,000. Quarry LP bought a new position in Ameren in the 4th quarter valued at $31,000. SouthState Corp bought a new position in Ameren in the 1st quarter valued at $34,000. ORG Partners LLC boosted its position in Ameren by 74.5% in the 1st 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. Finally, Cornerstone Planning Group LLC boosted its position in Ameren by 586.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider's stock valued at $41,000 after buying an additional 358 shares during the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AEE has been the topic of a number of recent research reports. UBS Group increased their price objective on Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 11th. BMO Capital Markets increased their price objective on Ameren from $106.00 to $108.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. KeyCorp set a $104.00 price target on Ameren and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Barclays reduced their price target on Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Finally, Morgan Stanley reduced their price target on Ameren from $102.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.36.

Ameren Stock Down 1.0%

Shares of Ameren stock traded down $1.0630 during trading on Monday, reaching $100.8870. The stock had a trading volume of 1,556,998 shares, compared to its average volume of 1,712,996. The company has a market capitalization of $27.28 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 2.62 and a beta of 0.45. The stock has a fifty day moving average price of $98.37 and a two-hundred day moving average price of $98.09. Ameren Corporation has a 52 week low of $81.31 and a 52 week high of $104.10. 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, beating analysts' consensus estimates of $1.00 by $0.01. The company 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 quarterly revenue was up 31.2% compared to the same quarter last year. During the same period 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. Sell-side analysts predict that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Dividend Announcement

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 $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 9th. Ameren's payout ratio is 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.