Goldman Sachs Group Inc. Has $283.64 Million 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. increased its stake in Ameren Corporation (NYSE:AEE - Free Report) by 5.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,825,064 shares of the utilities provider's stock after buying an additional 151,808 shares during the period. Goldman Sachs Group Inc. owned about 1.05% of Ameren worth $283,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kestra Investment Management LLC bought a new stake in shares of Ameren in the first quarter worth $157,000. Dynamic Technology Lab Private Ltd increased its stake in Ameren by 184.4% during the first quarter. Dynamic Technology Lab Private Ltd now owns 24,258 shares of the utilities provider's stock valued at $2,435,000 after purchasing an additional 15,728 shares during the last quarter. Teza Capital Management LLC bought a new stake in Ameren during the first quarter valued at $447,000. Resolution Capital Ltd increased its stake in Ameren by 43.3% during the first quarter. Resolution Capital Ltd now owns 40,686 shares of the utilities provider's stock valued at $4,085,000 after purchasing an additional 12,293 shares during the last quarter. Finally, Plancorp LLC increased its stake in Ameren by 4.5% during the first quarter. Plancorp LLC now owns 14,362 shares of the utilities provider's stock valued at $1,442,000 after purchasing an additional 625 shares during the last quarter. Institutional investors own 79.09% of the company's stock.

Ameren Price Performance

NYSE AEE traded down $0.14 on Monday, reaching $100.66. The company's stock had a trading volume of 130,709 shares, compared to its average volume of 1,684,249. Ameren Corporation has a twelve month low of $82.95 and a twelve month high of $104.10. 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 stock has a market cap of $27.22 billion, a PE ratio of 22.12, a PEG ratio of 2.59 and a beta of 0.47. The firm's 50 day moving average is $99.86 and its two-hundred day moving average is $98.30.

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 (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The business's revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, sell-side analysts predict that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Announces Dividend

The business 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 is Tuesday, September 9th. Ameren's payout ratio is presently 62.42%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a research note on Thursday, August 21st. KeyCorp set a $104.00 target price on shares of Ameren and gave the company an "overweight" rating in a research note on Wednesday, July 16th. UBS Group boosted their target price on shares of Ameren from $111.00 to $114.00 and gave the company 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 boosted their target price for the company from $91.00 to $100.00 in a research note on Wednesday, June 25th. Finally, Barclays lowered their price target on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $102.80.

Insider Transactions at Ameren

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business's stock in a transaction dated 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 owned 9,129 shares in the company, valued at approximately $929,240.91. The trade was a 9.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company's stock.

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.