Caisse DE Depot ET Placement DU Quebec Has $187.89 Million Stake in Ameren Corporation $AEE

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Ameren Corporation by 5.7%, owning 1,871,375 shares valued at approximately $187.89 million as of the last quarter.
• Ameren has announced a quarterly dividend of $0.71 per share, with an annualized dividend yield of 2.8%, pending payment on September 30th.
• Analysts have set target prices for Ameren, with UBS Group raising its price objective from $111.00 to $114.00, while the stock currently holds an average rating of "Moderate Buy."

Caisse DE Depot ET Placement DU Quebec lessened its position in Ameren Corporation (NYSE:AEE - Free Report) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,871,375 shares of the utilities provider's stock after selling 113,195 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.69% of Ameren worth $187,886,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AEE. NewEdge Advisors LLC lifted its holdings in Ameren by 39.4% during the 4th quarter. NewEdge Advisors LLC now owns 6,574 shares of the utilities provider's stock worth $586,000 after buying an additional 1,857 shares during the period. Dimensional Fund Advisors LP grew its position in Ameren by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,036,224 shares of the utilities provider's stock valued at $92,373,000 after purchasing an additional 31,288 shares during the period. MML Investors Services LLC increased its stake in Ameren by 6.2% during the 4th quarter. MML Investors Services LLC now owns 16,513 shares of the utilities provider's stock valued at $1,472,000 after purchasing an additional 969 shares in the last quarter. IHT Wealth Management LLC increased its stake in Ameren by 37.7% during the 4th quarter. IHT Wealth Management LLC now owns 3,514 shares of the utilities provider's stock valued at $313,000 after purchasing an additional 962 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its holdings in shares of Ameren by 841.4% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 249,390 shares of the utilities provider's stock worth $22,231,000 after acquiring an additional 222,900 shares during the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Stock Up 0.4%

Shares of NYSE AEE opened at $101.9360 on Monday. Ameren Corporation has a 12 month low of $81.31 and a 12 month high of $104.10. 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 firm has a market capitalization of $27.56 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 2.62 and a beta of 0.45. The business has a 50-day moving average of $98.37 and a 200-day moving average of $98.09.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The business'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. Sell-side analysts expect that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Announces Dividend

The firm 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 dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 9th. Ameren's dividend payout ratio is currently 62.42%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group raised their price objective on Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 11th. BMO Capital Markets raised their price objective on Ameren from $106.00 to $108.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. KeyCorp set a $104.00 target price on Ameren and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Barclays lowered their target price on Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Finally, Wells Fargo & Company lifted their target price on Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $101.36.

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.

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