Wealthfront Advisers LLC raised its stake in Ameren Corporation (NYSE:AEE - Free Report) by 21.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,789 shares of the utilities provider's stock after buying an additional 13,729 shares during the quarter. Wealthfront Advisers LLC's holdings in Ameren were worth $7,710,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. Mosaic Family Wealth Partners LLC grew its position in Ameren by 3.3% in the first quarter. Mosaic Family Wealth Partners LLC now owns 13,584 shares of the utilities provider's stock worth $1,364,000 after acquiring an additional 439 shares in the last quarter. Whittier Trust Co. grew its position in Ameren by 29.6% in the first quarter. Whittier Trust Co. now owns 499 shares of the utilities provider's stock worth $50,000 after acquiring an additional 114 shares in the last quarter. MQS Management LLC bought a new stake in Ameren in the first quarter worth approximately $472,000. Cromwell Holdings LLC grew its position in Ameren by 94.3% in the first quarter. Cromwell Holdings LLC now owns 754 shares of the utilities provider's stock worth $76,000 after acquiring an additional 366 shares in the last quarter. Finally, Xponance Inc. grew its position in Ameren by 2.1% in the first quarter. Xponance Inc. now owns 36,268 shares of the utilities provider's stock worth $3,641,000 after acquiring an additional 752 shares in the last quarter. 79.09% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on AEE shares. Morgan Stanley decreased their price objective on shares of Ameren from $102.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. KeyCorp set a $104.00 price objective on shares of Ameren and gave the stock an "overweight" rating in a report on Wednesday. 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. UBS Group set a $114.00 price objective on shares of Ameren and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, The Goldman Sachs Group raised shares of Ameren from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $101.36.
Read Our Latest Stock Analysis on Ameren
Ameren Stock Performance
Ameren stock traded up $1.36 during mid-day trading on Friday, reaching $98.64. The company had a trading volume of 1,383,383 shares, compared to its average volume of 1,767,701. The company has a quick ratio of 0.62, a current ratio of 0.86 and a debt-to-equity ratio of 1.49. Ameren Corporation has a 52 week low of $74.33 and a 52 week high of $104.10. The company has a 50 day moving average of $95.99 and a 200-day moving average of $96.43. The firm has a market cap of $26.66 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.50 and a beta of 0.48.
Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.01). Ameren had a net margin of 15.31% and a return on equity of 10.40%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the company posted $0.98 EPS. The company's quarterly revenue was up 15.5% compared to the same quarter last year. On average, sell-side analysts expect that Ameren Corporation will post 4.93 EPS for the current fiscal year.
Ameren Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Tuesday, June 10th. Ameren's dividend payout ratio is 62.97%.
Ameren Company Profile
(
Free Report)
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.
Further Reading
Before you consider Ameren, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ameren wasn't on the list.
While Ameren currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
