Focus Partners Wealth Buys 3,112 Shares of Ameren Corporation $AEE

Key Points

• Focus Partners Wealth increased its stake in Ameren Corporation by 10.0%, acquiring an additional 3,112 shares, bringing its total holdings to 34,201 shares valued at approximately $3.43 million.
• Ameren recently declared a quarterly dividend of $0.71 per share, with an annualized yield of 2.8%, to be paid on September 30th.
• Analysts maintain a consensus rating of "Moderate Buy" for Ameren, with price targets ranging from $100.00 to $114.00.

Focus Partners Wealth grew its stake in Ameren Corporation (NYSE:AEE - Free Report) by 10.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,201 shares of the utilities provider's stock after purchasing an additional 3,112 shares during the quarter. Focus Partners Wealth's holdings in Ameren were worth $3,434,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AEE. Whittier Trust Co. lifted its holdings in Ameren by 29.6% during the first quarter. Whittier Trust Co. now owns 499 shares of the utilities provider's stock worth $50,000 after acquiring an additional 114 shares during the period. HighPoint Advisor Group LLC lifted its holdings in Ameren by 3.1% during the first quarter. HighPoint Advisor Group LLC now owns 4,172 shares of the utilities provider's stock worth $414,000 after acquiring an additional 125 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Ameren by 0.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,963 shares of the utilities provider's stock worth $1,423,000 after acquiring an additional 131 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in Ameren by 5.3% during the first quarter. Kovitz Investment Group Partners LLC now owns 2,741 shares of the utilities provider's stock worth $275,000 after acquiring an additional 138 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its holdings in Ameren by 2.7% during the first quarter. Atria Wealth Solutions Inc. now owns 5,236 shares of the utilities provider's stock worth $526,000 after acquiring an additional 139 shares during the period. Institutional investors own 79.09% of the company's stock.

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 stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the completion of the transaction, the senior vice president directly owned 9,129 shares in the company, valued at approximately $929,240.91. This represents a 9.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.34% of the company's stock.

Ameren Price Performance

Ameren stock opened at $100.58 on Tuesday. Ameren Corporation has a 52 week low of $82.95 and a 52 week high of $104.10. The business has a 50-day simple moving average of $99.95 and a 200 day simple moving average of $98.29. 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 stock has a market cap of $27.20 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.59 and a beta of 0.47.

Ameren (NYSE:AEE - Get Free Report) last posted its earnings results on Thursday, July 31st. The utilities provider reported $1.01 EPS 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 during the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The firm'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, research analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be issued 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 presently 62.42%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays dropped 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. The Goldman Sachs Group upgraded Ameren from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a report on Thursday, August 21st. KeyCorp set a $104.00 target price on Ameren and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, UBS Group boosted their target price on Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.33.

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.

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