Energy Income Partners LLC Buys 6,726 Shares of Ameren Corporation $AEE

Key Points

• Energy Income Partners LLC increased its stake in Ameren Corporation by 3.3% in the first quarter, owning 209,354 shares valued at approximately $21 million.
• Ameren recently reported earnings of $1.01 per share, exceeding analyst expectations, and had a revenue of $2.22 billion, up 31.2% compared to last year.
• The company is set to pay a quarterly dividend of $0.71 per share on September 30th, representing an annualized dividend yield of 2.8%.

Energy Income Partners LLC grew its stake in Ameren Corporation (NYSE:AEE - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,354 shares of the utilities provider's stock after buying an additional 6,726 shares during the period. Energy Income Partners LLC owned 0.08% of Ameren worth $21,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AEE. Merit Financial Group LLC bought a new stake in shares of Ameren during the 1st quarter valued at about $204,000. J.W. Cole Advisors Inc. bought a new stake in shares of Ameren during the 1st quarter valued at about $897,000. Allianz Asset Management GmbH bought a new stake in shares of Ameren during the 1st quarter valued at about $13,552,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Ameren by 6.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,926 shares of the utilities provider's stock valued at $1,699,000 after purchasing an additional 963 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Ameren by 5.3% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,741 shares of the utilities provider's stock valued at $275,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company's stock.

Insiders Place Their Bets

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AEE. Wells Fargo & Company increased their price target on Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a report on Thursday, August 21st. KeyCorp set a $104.00 price target on Ameren and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Barclays cut their price target on Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Finally, UBS Group increased their price target on Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $102.80.

Ameren Stock Performance

AEE stock traded up $0.20 during midday trading on Wednesday, hitting $99.92. The company's stock had a trading volume of 979,077 shares, compared to its average volume of 1,320,332. The stock's 50-day moving average price is $99.20 and its 200 day moving average price is $98.23. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. Ameren Corporation has a 1 year low of $82.79 and a 1 year high of $104.10. The stock has a market cap of $27.02 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.56 and a beta of 0.47.

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 for the quarter, topping the consensus estimate of $1.00 by $0.01. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business's revenue was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities analysts forecast that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Announces Dividend

The company also recently disclosed 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. This represents a $2.84 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 9th. Ameren's dividend payout ratio 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.