Envestnet Portfolio Solutions Inc. Raises Holdings in Ameren Corporation $AEE

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in Ameren Corporation by 37.8%, owning a total of 64,888 shares valued at approximately $6.23 million.
• Ameren announced a quarterly dividend of $0.71 per share, which will be paid on December 31, with a yield of 2.7%.
• The company's recent earnings report showed a profit of $1.01 EPS, exceeding analysts' expectations and reflecting a 31.2% year-over-year revenue growth.

Envestnet Portfolio Solutions Inc. boosted its stake in shares of Ameren Corporation (NYSE:AEE - Free Report) by 37.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,888 shares of the utilities provider's stock after acquiring an additional 17,788 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Ameren were worth $6,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Ameren by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider's stock valued at $3,445,138,000 after acquiring an additional 979,928 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings 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 buying an additional 1,355,848 shares during the period. Invesco Ltd. lifted its holdings in Ameren by 16.1% in the 1st quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider's stock worth $467,741,000 after buying an additional 646,000 shares during the period. Alliancebernstein L.P. lifted its holdings in Ameren by 51.7% in the 1st quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider's stock worth $359,069,000 after buying an additional 1,218,509 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Ameren by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider's stock worth $283,636,000 after buying an additional 151,808 shares during the period. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Ameren Stock Up 0.7%

AEE stock opened at $104.24 on Wednesday. Ameren Corporation has a twelve month low of $85.27 and a twelve month high of $105.67. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. The firm has a market cap of $28.19 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 2.60 and a beta of 0.49. The business has a 50 day moving average of $101.33 and a 200 day moving average of $98.73.

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, beating analysts' consensus estimates of $1.00 by $0.01. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company earned $0.97 EPS. The firm'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. On average, research analysts forecast that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, December 9th. Ameren's dividend payout ratio (DPR) is currently 62.42%.

Insider Buying and Selling

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 sale, the senior vice president directly owned 9,129 shares in the company, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

AEE has been the subject of several research analyst reports. Morgan Stanley dropped their price objective on Ameren from $105.00 to $104.00 and set an "equal weight" rating for the company in a report on Thursday, September 25th. KeyCorp set a $104.00 price objective on Ameren and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Barclays dropped their price objective on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. UBS Group increased their price objective on Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Ameren in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $105.75.

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.

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.