Gateway Investment Advisers LLC Has $33.33 Million Position in Ameren Corporation $AEE

Key Points

• Gateway Investment Advisers LLC has reduced its stake in Ameren Corporation by 10.3%, owning approximately 0.13% of the company or 347,034 shares after selling 39,998 shares during the second quarter.
• Ameren's shares have experienced a 1.9% decline, with the stock trading at $98.52, and it recently reported quarterly earnings of $1.01 per share, exceeding estimates.
• The company announced a quarterly dividend of $0.71 per share, set to be paid on September 30th, reflecting an annualized yield of 2.9%.

Gateway Investment Advisers LLC decreased its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 10.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 347,034 shares of the utilities provider's stock after selling 39,998 shares during the quarter. Gateway Investment Advisers LLC owned approximately 0.13% of Ameren worth $33,329,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Ameren by 2.9% in the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider's stock valued at $3,445,138,000 after purchasing an additional 979,928 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Ameren by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider's stock valued at $2,851,821,000 after purchasing an additional 1,355,848 shares in the last quarter. Invesco Ltd. grew its position in Ameren by 16.1% in the first quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider's stock valued at $467,741,000 after purchasing an additional 646,000 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Ameren by 51.7% in the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider's stock valued at $359,069,000 after acquiring an additional 1,218,509 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Ameren by 5.7% during 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 last quarter. Institutional investors own 79.09% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley restated an "outperform" rating on shares of Ameren in a research note on Thursday, August 21st. KeyCorp set a $104.00 price objective on shares of Ameren and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. UBS Group lifted their price objective on shares of Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Finally, Barclays dropped 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 note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $104.33.

Insider Activity

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business's stock in a transaction that occurred 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 owned 9,129 shares in the company, valued at approximately $929,240.91. The trade was a 9.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.42% of the company's stock.

Ameren Price Performance

AEE stock traded down $0.31 during mid-day trading on Thursday, hitting $98.66. The stock had a trading volume of 1,520,317 shares, compared to its average volume of 1,245,193. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51. Ameren Corporation has a 52 week low of $82.95 and a 52 week high of $104.10. The firm has a market capitalization of $26.68 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.54 and a beta of 0.47. The firm has a fifty day simple moving average of $100.14 and a 200 day simple moving average of $98.26.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The firm's revenue was up 31.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. 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 year.

Ameren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be given a $0.71 dividend. The ex-dividend date is Tuesday, September 9th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.9%. Ameren's 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.