Dimensional Fund Advisors LP Grows Stock Position in Ameren Corporation $AEE

Key Points

• Dimensional Fund Advisors LP increased its stake in Ameren Corporation by 1.8%, acquiring an additional 18,506 shares, bringing their total holdings to 1,054,730 shares valued at approximately $105.89 million.
• Multiple analysts have set new price targets for Ameren, with a consensus average target price of $101.36 and a general rating of "Moderate Buy" from several equity research analysts.
• Ameren recently declared a quarterly dividend of $0.71 per share, which will be paid on September 30, representing an annualized dividend yield of 2.8%.

Dimensional Fund Advisors LP increased its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,054,730 shares of the utilities provider's stock after purchasing an additional 18,506 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.39% of Ameren worth $105,890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Ameren in the 1st quarter valued at $25,000. Quarry LP acquired a new position in Ameren in the fourth quarter valued at $31,000. SouthState Corp purchased a new position in shares of Ameren during the first quarter worth about $34,000. ORG Partners LLC increased its position in shares of Ameren by 74.5% during the first quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock worth $35,000 after purchasing an additional 149 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its position in shares of Ameren by 586.9% during 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 in the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Price Performance

Shares of NYSE:AEE traded up $0.18 during midday trading on Tuesday, hitting $100.91. 1,296,676 shares of the stock were exchanged, compared to its average volume of 1,716,560. Ameren Corporation has a twelve month low of $81.31 and a twelve 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 company has a 50 day moving average price of $98.49 and a 200-day moving average price of $98.12. The stock has a market cap of $27.29 billion, a P/E ratio of 22.18, a PEG ratio of 2.62 and a beta of 0.45.

Ameren (NYSE:AEE - Get Free Report) last posted its earnings results 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. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The firm's revenue for the quarter was up 31.2% on a year-over-year basis. During the same period last year, the firm posted $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, research analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

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 paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 9th. Ameren's dividend payout ratio is presently 62.42%.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays cut their price target on Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. BMO Capital Markets lifted their price objective on shares of Ameren from $106.00 to $108.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and increased their target price for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. KeyCorp set a $104.00 target price on Ameren and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Ameren from $108.00 to $112.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $101.36.

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.