Dynamic Technology Lab Private Ltd Buys 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 raised its stake in Ameren Corporation (NYSE:AEE - Free Report) by 184.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,258 shares of the utilities provider's stock after buying an additional 15,728 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Ameren were worth $2,435,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AEE. Schonfeld Strategic Advisors LLC grew its position in shares of Ameren by 27.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $379,000 after buying an additional 905 shares during the last quarter. Bank of America Corp DE increased its position in shares of Ameren by 36.7% during the fourth quarter. Bank of America Corp DE now owns 1,865,910 shares of the utilities provider's stock worth $166,327,000 after buying an additional 501,187 shares during the period. Baird Financial Group Inc. increased its position in shares of Ameren by 43.6% during the fourth quarter. Baird Financial Group Inc. now owns 4,192 shares of the utilities provider's stock worth $374,000 after buying an additional 1,273 shares during the period. Captrust Financial Advisors increased its position in shares of Ameren by 1.3% during the fourth quarter. Captrust Financial Advisors now owns 10,107 shares of the utilities provider's stock worth $901,000 after buying an additional 125 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Ameren by 58.5% during the fourth quarter. Deutsche Bank AG now owns 798,160 shares of the utilities provider's stock worth $71,148,000 after buying an additional 294,512 shares during the period. Institutional investors own 79.09% of the company's stock.

Insider Buying and Selling at Ameren

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

Analyst Ratings Changes

Several research firms have recently weighed in on AEE. 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 report on Friday, July 11th. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a research report on Thursday, August 21st. Barclays decreased 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. KeyCorp set a $104.00 price objective on shares of Ameren and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group raised 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. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.80.

Ameren Stock Down 0.4%

Shares of NYSE:AEE opened at $100.52 on Friday. The firm has a market cap of $27.18 billion, a P/E ratio of 22.09, a PEG ratio of 2.58 and a beta of 0.47. The business's 50 day simple moving average is $99.41 and its two-hundred day simple moving average is $98.26. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. Ameren Corporation has a 52-week low of $82.79 and a 52-week high of $104.10.

Ameren (NYSE:AEE - Get Free Report) last released 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. 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 period last year, the firm earned $0.97 earnings per share. The business's quarterly 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. As a group, research analysts forecast that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 of this dividend is Tuesday, September 9th. Ameren's dividend payout ratio (DPR) is 62.42%.

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.

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