Ameren Corporation $AEE Stock Position Raised by NBC Securities Inc.

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. lifted its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 1,104.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,251 shares of the utilities provider's stock after buying an additional 32,324 shares during the period. NBC Securities Inc.'s holdings in Ameren were worth $3,385,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. bought a new position in Ameren in the 1st quarter worth about $25,000. SouthState Corp bought a new position in Ameren in the 1st quarter worth about $34,000. ORG Partners LLC grew its position in Ameren by 74.5% in the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock worth $35,000 after purchasing an additional 149 shares during the last quarter. Cornerstone Planning Group LLC grew 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 worth $41,000 after purchasing an additional 358 shares during the last quarter. Finally, Whittier Trust Co. grew its position in Ameren by 29.6% in the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider's stock worth $50,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 79.09% of the company's stock.

Insider Buying and Selling

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $101.79, for a total value of $101,790.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company's stock.

Ameren Trading Up 0.5%

Ameren stock opened at $100.79 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. The firm has a market cap of $27.25 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 2.59 and a beta of 0.47. Ameren Corporation has a 1 year low of $82.95 and a 1 year high of $104.10. The firm's 50 day moving average price is $99.86 and its two-hundred day moving average price is $98.30.

Ameren (NYSE:AEE - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates 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 last year, the business posted $0.97 EPS. The company's revenue was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, research analysts predict that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Dividend Announcement

The company also recently disclosed 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%.

Analyst Upgrades and Downgrades

AEE has been the subject of several recent analyst reports. Morgan Stanley restated an "outperform" rating on shares of Ameren in a research report on Thursday, August 21st. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and increased their price objective for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. UBS Group increased their price objective on shares of Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 11th. Barclays decreased their price objective on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Finally, KeyCorp set a $104.00 price objective on shares of Ameren and gave the company an "overweight" rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ameren has an average rating of "Moderate Buy" and a consensus price target of $102.80.

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.

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