Droms Strauss Advisors Inc. MO ADV Has $493,000 Position in Ameren Corporation $AEE

Key Points

• Droms Strauss Advisors Inc. significantly increased its stake in Ameren Corporation by 99.5%, bringing its holdings to 5,132 shares valued at $493,000 as of the end of the last reporting period.
• Ameren recently reported earnings of $1.01 per share, surpassing expectations, with a revenue of $2.22 billion, a 31.2% year-over-year increase.
• A quarterly dividend of $0.71 per share was declared, with an ex-dividend date of September 9th, representing a 2.8% yield based on an annualized amount of $2.84.

Droms Strauss Advisors Inc. MO ADV raised its position in Ameren Corporation (NYSE:AEE - Free Report) by 99.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,132 shares of the utilities provider's stock after buying an additional 2,559 shares during the quarter. Droms Strauss Advisors Inc. MO ADV's holdings in Ameren were worth $493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tidal Investments LLC increased its position in Ameren by 14.3% during the fourth quarter. Tidal Investments LLC now owns 3,850 shares of the utilities provider's stock worth $343,000 after acquiring an additional 483 shares during the period. Vise Technologies Inc. acquired a new position in shares of Ameren during the 4th quarter worth approximately $244,000. GTS Securities LLC increased its holdings in shares of Ameren by 29.8% during the fourth quarter. GTS Securities LLC now owns 2,512 shares of the utilities provider's stock worth $224,000 after purchasing an additional 577 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Ameren in the fourth quarter valued at approximately $8,671,000. Finally, Mackenzie Financial Corp boosted its stake in shares of Ameren by 1.4% in the fourth quarter. Mackenzie Financial Corp now owns 25,055 shares of the utilities provider's stock valued at $2,233,000 after buying an additional 346 shares during the period. Institutional investors and hedge funds own 79.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AEE shares. KeyCorp set a $104.00 price objective on Ameren and gave the stock 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 price target for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. Barclays cut their price objective on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. UBS Group increased their price objective 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. Finally, Morgan Stanley restated an "outperform" rating on shares of Ameren in a research report on Thursday, August 21st. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $105.25.

Ameren Stock Performance

Shares of AEE stock opened at $100.82 on Wednesday. The firm has a market capitalization of $27.26 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.54 and a beta of 0.47. 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 business's 50-day moving average price is $100.36 and its 200-day moving average price is $98.28. Ameren Corporation has a 12 month low of $84.77 and a 12 month high of $104.10.

Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The company's revenue for the quarter was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Equities research analysts forecast that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Announces Dividend

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

Insider Activity

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company'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 sale, the senior vice president directly owned 9,129 shares of the company's stock, valued at approximately $929,240.91. This represents a 9.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.34% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.