Callan Family Office LLC Grows Stake in Ameren Corporation $AEE

Key Points

• Callan Family Office LLC increased its stake in Ameren Corporation by 122.4% during the 2nd quarter, bringing its total shares to 7,494, valued at approximately $720,000.
• Ameren's latest earnings report showed an EPS of $1.01, exceeding analysts' expectations, with a quarterly revenue up by 31.2% year-over-year.
• The company will pay a quarterly dividend of $0.71 per share on December 31st, representing an annualized dividend yield of 2.7%.

Callan Family Office LLC grew its holdings in Ameren Corporation (NYSE:AEE - Free Report) by 122.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,494 shares of the utilities provider's stock after buying an additional 4,124 shares during the quarter. Callan Family Office LLC's holdings in Ameren were worth $720,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Ameren in the 1st quarter worth approximately $25,000. SouthState Corp purchased a new stake in Ameren in the 1st quarter worth approximately $34,000. Fortitude Family Office LLC lifted its holdings in Ameren by 600.0% in the 2nd quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider's stock worth $33,000 after buying an additional 294 shares during the period. ORG Partners LLC lifted its stake in shares of Ameren by 74.5% in the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 149 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Ameren in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 79.09% of the company's stock.

Ameren Stock Down 0.1%

Ameren stock opened at $103.55 on Tuesday. The firm has a market cap of $28.00 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.61 and a beta of 0.49. The stock has a fifty day simple moving average of $101.29 and a two-hundred day simple moving average of $98.69. Ameren Corporation has a 12 month low of $85.27 and a 12 month high of $105.67. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51.

Ameren (NYSE:AEE - Get Free Report) last posted its 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 business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The company's quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Equities analysts predict that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Dividend Announcement

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

Insider Activity at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the completion of the sale, the senior vice president owned 9,129 shares of the company's stock, valued at $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.34% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on AEE shares. KeyCorp set a $104.00 target price on Ameren and gave the company an "overweight" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group upgraded Ameren from a "sell" rating to a "neutral" rating and raised their target price for the company from $91.00 to $100.00 in a research note on Wednesday, June 25th. Weiss Ratings restated a "buy (b-)" rating on shares of Ameren in a research note on Wednesday, October 8th. Morgan Stanley lowered their target price on Ameren from $105.00 to $104.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Finally, UBS Group raised their target price on Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Six research 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 stock has a consensus rating of "Moderate Buy" and an average target price of $105.75.

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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