Dynamic Technology Lab Private Ltd Acquires 15,728 Shares of Ameren Corporation $AEE

Key Points

• Dynamic Technology Lab Private Ltd raised its stake in Ameren Corporation by 184.4%, acquiring an additional 15,728 shares, bringing their total to 24,258 shares valued at approximately $2.43 million.
• Multiple institutional investors, including Bank of America and Deutsche Bank, increased their ownership in Ameren, reflecting a growing interest in the company's stock.
• Ameren recently announced a quarterly dividend of $0.71, with an annualized payout of $2.84, resulting in a dividend yield of 2.8%.

Dynamic Technology Lab Private Ltd grew its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 184.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,258 shares of the utilities provider's stock after acquiring an additional 15,728 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Ameren were worth $2,435,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in Ameren in the first quarter valued at approximately $25,000. SouthState Corp purchased a new stake in shares of Ameren in the 1st quarter valued at about $34,000. ORG Partners LLC increased its stake in Ameren by 74.5% in the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock worth $35,000 after purchasing an additional 149 shares during the period. Cornerstone Planning Group LLC increased its stake 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 valued at $41,000 after buying an additional 358 shares during the period. Finally, Whittier Trust Co. grew its stake in Ameren by 29.6% in the first quarter. Whittier Trust Co. now owns 499 shares of the utilities provider's stock worth $50,000 after purchasing an additional 114 shares during the period. Institutional investors and hedge funds own 79.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group upgraded 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 report 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. UBS Group raised their price target on Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Morgan Stanley reaffirmed an "outperform" rating on shares of Ameren in a report on Thursday, August 21st. Finally, Barclays dropped 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. One research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.80.

Insiders Place Their Bets

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm'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 transaction, the senior vice president directly owned 9,129 shares of the company's stock, valued at $929,240.91. This trade represents a 9.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by company insiders.

Ameren Trading Up 0.3%

NYSE AEE traded up $0.33 on Friday, hitting $100.64. 212,091 shares of the stock were exchanged, compared to its average volume of 1,689,182. The company's 50-day moving average price is $99.74 and its two-hundred day moving average price is $98.31. The company has a market capitalization of $27.22 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 2.55 and a beta of 0.47. Ameren Corporation has a 52-week low of $82.95 and a 52-week high of $104.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56.

Ameren (NYSE:AEE - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The business'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. Research analysts predict that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Announces Dividend

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 dividend of $0.71 per share. 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 (DPR) is currently 62.42%.

About Ameren

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.