Atria Wealth Solutions Inc. Sells 2,818 Shares of Ameren Corporation $AEE

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Ameren Corporation by 53.8%, selling 2,818 shares, and now holds 2,418 shares valued at approximately $232,000.
• Ameren has been the focus of recent upgrades from multiple brokerages, with Goldman Sachs raising its rating from "sell" to "neutral" and increasing the price target to $100.00.
• The company declared a quarterly dividend of $0.71 per share, with an annualized dividend yield of 2.7%, to be paid on December 31st.

Atria Wealth Solutions Inc. decreased its position in shares of Ameren Corporation (NYSE:AEE - Free Report) by 53.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,418 shares of the utilities provider's stock after selling 2,818 shares during the period. Atria Wealth Solutions Inc.'s holdings in Ameren were worth $232,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in Ameren during the 1st quarter worth $25,000. SouthState Corp bought a new position in shares of Ameren in the first quarter worth $34,000. Fortitude Family Office LLC increased its position in shares of Ameren by 600.0% in the second quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider's stock worth $33,000 after purchasing an additional 294 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Ameren in the second quarter worth $34,000. Finally, Cornerstone Planning Group LLC increased its position in shares of Ameren by 586.9% in the first 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 period. Institutional investors own 79.09% of the company's stock.

Insider Activity at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the sale, the senior vice president directly owned 9,129 shares of the company's stock, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AEE. The Goldman Sachs Group upgraded Ameren from a "sell" rating to a "neutral" rating and raised their price target for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. UBS Group raised their price target on Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Morgan Stanley raised their price target on Ameren from $104.00 to $111.00 and gave the stock an "outperform" rating in a research report on Wednesday. Weiss Ratings restated a "buy (b-)" rating on shares of Ameren in a research report on Wednesday, October 8th. Finally, KeyCorp lifted their target price on Ameren from $104.00 to $109.00 and gave the company an "overweight" rating in a research report on Wednesday, October 15th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Ameren currently has a consensus rating of "Moderate Buy" and an average price target of $108.63.

Ameren Stock Performance

Ameren stock opened at $105.47 on Thursday. Ameren Corporation has a 12-month low of $85.27 and a 12-month high of $106.73. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. The business's 50-day moving average price is $101.77 and its two-hundred day moving average price is $98.96. The stock has a market cap of $28.52 billion, a PE ratio of 23.18, a P/E/G ratio of 2.64 and a beta of 0.49.

Ameren (NYSE:AEE - Get Free Report) last released its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The firm had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The business's revenue for the quarter was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, analysts expect that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 9th. Ameren's dividend payout ratio (DPR) is presently 62.42%.

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.

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