Baird Financial Group Inc. Has $937,000 Stake in Ameren Corporation $AEE

Key Points

• Baird Financial Group Inc. increased its stake in **Ameren Corporation** by **122.6%** in Q1, acquiring **5,138 additional shares**, bringing its total holdings to **9,330 shares** valued at approximately **$937,000**.
• Ameren recently reported **$1.01** earnings per share for the last quarter, surpassing the consensus estimate by $0.01, with revenues reaching **$2.22 billion**—a **31.2%** increase year-over-year.
• The company announced a quarterly dividend of **$0.71** per share, equating to an annualized dividend yield of **2.9%**, with the **ex-dividend date** set for **September 9th**.

Baird Financial Group Inc. boosted its position in Ameren Corporation (NYSE:AEE - Free Report) by 122.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,330 shares of the utilities provider's stock after acquiring an additional 5,138 shares during the quarter. Baird Financial Group Inc.'s holdings in Ameren were worth $937,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Merit Financial Group LLC bought a new position in Ameren in the first quarter valued at approximately $204,000. J.W. Cole Advisors Inc. bought a new stake in shares of Ameren during the first quarter worth $897,000. Allianz Asset Management GmbH bought a new stake in shares of Ameren during the first quarter worth $13,552,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ameren by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,926 shares of the utilities provider's stock worth $1,699,000 after buying an additional 963 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of Ameren by 5.3% during the first quarter. Kovitz Investment Group Partners LLC now owns 2,741 shares of the utilities provider's stock worth $275,000 after buying an additional 138 shares during the last quarter. 79.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Ameren from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Morgan Stanley reaffirmed an "outperform" rating on shares of Ameren in a research note on Thursday, August 21st. Barclays decreased their target price 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. KeyCorp set a $104.00 target price on shares of Ameren and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, UBS Group boosted their target price on shares of Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Ameren presently has an average rating of "Moderate Buy" and an average target price of $102.80.

Ameren Trading Down 0.2%

Shares of NYSE:AEE traded down $0.21 during mid-day trading on Monday, reaching $100.58. 1,150,500 shares of the company's stock were exchanged, compared to its average volume of 1,335,464. The firm has a market capitalization of $27.20 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.59 and a beta of 0.47. The business's fifty day moving average price is $99.95 and its 200-day moving average price is $98.29. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. Ameren Corporation has a twelve month low of $82.95 and a twelve month high of $104.10.

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, topping 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 net margin of 14.55% and a return on equity of 10.38%. Ameren's revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be issued a $0.71 dividend. The ex-dividend date is Tuesday, September 9th. This represents a $2.84 annualized dividend and a yield of 2.8%. Ameren's payout ratio is presently 62.42%.

Insider Transactions at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by insiders.

About Ameren

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.