Goldman Sachs Group Inc. Increases Stake in Ameren Corporation $AEE

Key Points

• Goldman Sachs Group Inc. has increased its holdings in Ameren Corporation by 5.7%, acquiring an additional 151,808 shares, bringing their total ownership to approximately 2.83 million shares valued at $283.6 million.
• Multiple institutional investors have altered their positions in Ameren, with ownership by these investors now at 79.09% of the company's stock.
• Ameren recently announced a quarterly dividend of $0.71 per share, reflecting an annualized payout of $2.84 and a dividend yield of 2.9%.

Goldman Sachs Group Inc. grew its stake in shares of Ameren Corporation (NYSE:AEE - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,825,064 shares of the utilities provider's stock after acquiring an additional 151,808 shares during the quarter. Goldman Sachs Group Inc. owned about 1.05% of Ameren worth $283,636,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Kestra Investment Management LLC acquired a new position in shares of Ameren during the first quarter valued at about $157,000. Dynamic Technology Lab Private Ltd increased its holdings in Ameren by 184.4% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 24,258 shares of the utilities provider's stock worth $2,435,000 after buying an additional 15,728 shares during the period. Teza Capital Management LLC acquired a new position in Ameren in the 1st quarter worth approximately $447,000. Resolution Capital Ltd increased its holdings in Ameren by 43.3% in the 1st quarter. Resolution Capital Ltd now owns 40,686 shares of the utilities provider's stock worth $4,085,000 after buying an additional 12,293 shares during the period. Finally, Plancorp LLC increased its holdings in Ameren by 4.5% in the 1st quarter. Plancorp LLC now owns 14,362 shares of the utilities provider's stock worth $1,442,000 after buying an additional 625 shares during the period. Institutional investors and hedge funds own 79.09% of the company's stock.

Ameren Price Performance

Shares of NYSE:AEE traded up $0.48 during midday trading on Friday, reaching $100.79. 917,327 shares of the company's stock traded hands, compared to its average volume of 1,384,878. Ameren Corporation has a 1 year low of $82.95 and a 1 year high of $104.10. The company has a market cap of $27.25 billion, a P/E ratio of 22.15, a PEG ratio of 2.58 and a beta of 0.47. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. The company has a fifty day simple moving average of $99.86 and a two-hundred day simple moving average of $98.32.

Ameren (NYSE:AEE - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) 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 firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm posted $0.97 EPS. 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. Equities analysts predict that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be given a dividend of $0.71 per share. The ex-dividend date is Tuesday, September 9th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.8%. Ameren's dividend payout ratio (DPR) is 62.42%.

Analyst Ratings Changes

Several brokerages recently weighed in on AEE. UBS Group increased their price target on shares of Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 11th. KeyCorp set a $104.00 price target on shares of Ameren and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a report on Thursday, August 21st. The Goldman Sachs Group upgraded Ameren from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. Finally, Barclays lowered their price objective on Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Ameren currently has an average rating of "Moderate Buy" and an average target price of $102.80.

Insider Activity

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president owned 9,129 shares in the company, valued at $929,240.91. This trade represents a 9.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.42% of the stock is owned by company insiders.

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.