NBC Securities Inc. Has $3.39 Million Stake in Ameren Corporation $AEE

Key Points

• Ameren Corporation saw its stock position raised by NBC Securities Inc. by 1,104.3% in Q2, with holdings worth approximately $3.38 million after acquiring an additional 32,324 shares.
• The company's quarterly earnings report indicated an EPS of $1.01, exceeding analyst estimates, alongside a revenue of $2.22 billion, a 31.2% increase year-over-year.
• Ameren recently announced a quarterly dividend of $0.71, equating to an annualized yield of 2.8%, with institutional investors owning over 79% of the stock.

NBC Securities Inc. raised its position in Ameren Corporation (NYSE:AEE - Free Report) by 1,104.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,251 shares of the utilities provider's stock after purchasing an additional 32,324 shares during the quarter. NBC Securities Inc.'s holdings in Ameren were worth $3,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEE. Merit Financial Group LLC bought a new stake in shares of Ameren during the 1st quarter worth about $204,000. Focus Partners Wealth boosted its stake in shares of Ameren by 10.0% during the 1st quarter. Focus Partners Wealth now owns 34,201 shares of the utilities provider's stock worth $3,434,000 after acquiring an additional 3,112 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of Ameren during the 1st quarter worth about $897,000. Allianz Asset Management GmbH bought a new stake in shares of Ameren during the 1st quarter worth about $13,552,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Ameren by 6.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,926 shares of the utilities provider's stock worth $1,699,000 after acquiring an additional 963 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AEE. KeyCorp set a $104.00 target price on Ameren and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Barclays dropped their target price on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. UBS Group increased their target price on Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Morgan Stanley reissued an "outperform" rating on shares of Ameren in a report on Thursday, August 21st. Finally, The Goldman Sachs Group raised Ameren from a "sell" rating to a "neutral" rating and increased their target price for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Ameren currently has a consensus rating of "Moderate Buy" and an average price target of $105.25.

Ameren Stock Up 0.4%

Shares of Ameren stock traded up $0.36 during trading on Friday, reaching $99.02. The stock had a trading volume of 568,862 shares, compared to its average volume of 1,675,116. The company has a market capitalization of $26.78 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 2.54 and a beta of 0.47. The stock has a fifty day moving average price of $100.14 and a two-hundred day moving average price of $98.26. Ameren Corporation has a 52 week low of $83.91 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be given 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 dividend yield of 2.9%. Ameren's payout ratio is currently 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 that occurred 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 transaction, the senior vice president owned 9,129 shares of the company's stock, valued at $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by company insiders.

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.