Apollon Wealth Management LLC Grows Position in Ameren Corporation $AEE

Key Points

• Apollon Wealth Management LLC increased its stake in Ameren Corporation by 510.0%, owning 13,213 shares worth approximately $1.27 million after acquiring 11,047 additional shares in the second quarter.
• Several hedge funds have recently adjusted their holdings in Ameren, with Commerzbank Aktiengesellschaft FI raising its stake by 7.8% and holding 7,184 shares valued at $690,000.
• Ameren announced a quarterly dividend of $0.71 per share, scheduled for payment on December 31st, representing a dividend yield of 2.7% based on an annualized payout of $2.84.

Apollon Wealth Management LLC lifted its stake in Ameren Corporation (NYSE:AEE - Free Report) by 510.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,213 shares of the utilities provider's stock after buying an additional 11,047 shares during the quarter. Apollon Wealth Management LLC's holdings in Ameren were worth $1,269,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Lindenwold Advisors INC lifted its holdings in shares of Ameren by 1.5% in the second quarter. Lindenwold Advisors INC now owns 19,565 shares of the utilities provider's stock worth $1,879,000 after buying an additional 282 shares in the last quarter. Aberdeen Group plc raised its stake in Ameren by 9.0% during the second quarter. Aberdeen Group plc now owns 140,640 shares of the utilities provider's stock valued at $13,507,000 after purchasing an additional 11,658 shares in the last quarter. Blue Trust Inc. raised its stake in Ameren by 30.7% during the second quarter. Blue Trust Inc. now owns 2,949 shares of the utilities provider's stock valued at $283,000 after purchasing an additional 693 shares in the last quarter. Endeavor Private Wealth Inc. raised its stake in Ameren by 18.3% during the second quarter. Endeavor Private Wealth Inc. now owns 5,866 shares of the utilities provider's stock valued at $563,000 after purchasing an additional 907 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Ameren by 7.8% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 7,184 shares of the utilities provider's stock valued at $690,000 after purchasing an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. KeyCorp set a $104.00 price target on shares of Ameren and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Ameren in a research note on Wednesday, October 8th. Barclays decreased their price target on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Morgan Stanley cut their price objective on shares of Ameren from $105.00 to $104.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Finally, UBS Group boosted their price objective on shares of Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $105.75.

Insider Activity at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business'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 transaction of $101,790.00. Following the completion of the transaction, the senior vice president owned 9,129 shares in the company, valued at $929,240.91. The trade was a 9.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by company insiders.

Ameren Trading Up 0.7%

NYSE AEE opened at $104.24 on Wednesday. The company's 50-day moving average price is $101.33 and its 200-day moving average price is $98.73. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51. The stock has a market cap of $28.19 billion, a PE ratio of 22.91, a PEG ratio of 2.60 and a beta of 0.49. Ameren Corporation has a 12 month low of $85.27 and a 12 month high of $105.67.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $1.82 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The company's revenue was up 31.2% compared to the same quarter last year. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Equities research analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, December 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.

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