Ameren Corporation $AEE Holdings Cut by DRW Securities LLC

Key Points

• DRW Securities LLC reduced its stake in Ameren Corporation by 45.9%, selling 45,126 shares during the first quarter, leaving them with 53,174 shares valued at approximately $5.34 million.
• Insider transactions included Gwendolyn G. Mizell selling 1,000 shares of Ameren, which resulted in a 9.87% decrease in her position.
• Ameren confirmed a quarterly dividend of $0.71 per share to be paid on September 30, 2023, with an annualized dividend yield of 2.8%.

DRW Securities LLC reduced its position in Ameren Corporation (NYSE:AEE - Free Report) by 45.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 53,174 shares of the utilities provider's stock after selling 45,126 shares during the period. DRW Securities LLC's holdings in Ameren were worth $5,339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in 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 acquiring an additional 979,928 shares during the period. Price T Rowe Associates Inc. MD grew its stake 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 worth $2,851,821,000 after acquiring an additional 1,355,848 shares during the period. Invesco Ltd. grew its stake in shares of Ameren by 16.1% during the 1st quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider's stock valued at $467,741,000 after buying an additional 646,000 shares during the period. Janus Henderson Group PLC grew its stake in shares of Ameren by 0.9% during the 4th quarter. Janus Henderson Group PLC now owns 4,601,449 shares of the utilities provider's stock valued at $410,174,000 after buying an additional 39,455 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Ameren by 2.4% during the 1st quarter. Northern Trust Corp now owns 2,479,590 shares of the utilities provider's stock valued at $248,951,000 after buying an additional 57,545 shares during the period. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Stock Up 0.2%

AEE stock traded up $0.20 during trading on Wednesday, reaching $99.92. The stock had a trading volume of 979,077 shares, compared to its average volume of 1,320,332. Ameren Corporation has a 1-year low of $82.79 and a 1-year 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 market capitalization of $27.02 billion, a P/E ratio of 21.14, a PEG ratio of 2.56 and a beta of 0.47. The firm has a fifty day moving average price of $99.20 and a 200 day moving average price of $98.23.

Ameren (NYSE:AEE - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The firm's revenue was up 31.2% compared to the same quarter last year. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be paid a $0.71 dividend. 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 62.42%.

Insider Activity

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AEE shares. Morgan Stanley reissued an "outperform" rating on shares of Ameren in a research note on Thursday, August 21st. 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. Barclays lowered 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 note on Thursday, July 10th. UBS Group lifted their target price on shares of Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and lifted their target price for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $102.80.

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.