Ameren Corporation $AEE Shares Bought by Czech National Bank

Key Points

• The Czech National Bank increased its stake in Ameren Corporation by 6.6%, owning 66,065 shares valued at approximately $6.35 million following the acquisition of an additional 4,074 shares.
• Several hedge funds have altered their positions in Ameren, with notable increases from Nuveen LLC and AllianceBernstein L.P., indicating heightened institutional interest in the company.
• Ameren declared a quarterly dividend of $0.71 per share, reflecting a 2.9% dividend yield, with the ex-dividend date set for September 9th.

Czech National Bank raised its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,065 shares of the utilities provider's stock after buying an additional 4,074 shares during the period. Czech National Bank's holdings in Ameren were worth $6,345,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AEE. Nuveen LLC bought a new position in Ameren during the 1st quarter valued at about $241,496,000. Price T Rowe Associates Inc. MD boosted its position in Ameren by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider's stock valued at $2,851,821,000 after buying an additional 1,355,848 shares during the period. Alliancebernstein L.P. lifted its position in shares of Ameren by 51.7% in the 1st quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider's stock worth $359,069,000 after purchasing an additional 1,218,509 shares during the period. Vanguard Group Inc. lifted its position in shares of Ameren by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider's stock worth $3,445,138,000 after purchasing an additional 979,928 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Ameren by 11,913.7% in the 1st quarter. GAMMA Investing LLC now owns 801,794 shares of the utilities provider's stock worth $80,500,000 after purchasing an additional 795,120 shares during the period. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Ameren Stock Up 0.5%

Shares of AEE stock traded up $0.47 during trading on Friday, reaching $99.13. The company's stock had a trading volume of 2,010,017 shares, compared to its average volume of 1,264,928. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. The company has a market capitalization of $26.81 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 2.55 and a beta of 0.47. The stock's 50-day moving average price is $100.20 and its 200 day moving average price is $98.25. Ameren Corporation has a 1-year low of $83.91 and a 1-year high of $104.10.

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 analysts' consensus estimates of $1.00 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $1.82 billion. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The business's quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, research analysts anticipate that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.9%. Ameren's payout ratio is 62.42%.

Insider Buying and Selling at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 9,129 shares in the company, valued at approximately $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AEE shares. KeyCorp set a $104.00 target price on shares of Ameren and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Barclays cut their price objective 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. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and raised their price target for the company from $91.00 to $100.00 in a research report on Wednesday, June 25th. UBS Group raised their price target 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. Finally, Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a research report on Thursday, August 21st. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $105.25.

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.