IFM Investors Pty Ltd Sells 17,399 Shares of Ameren Corporation $AEE

Key Points

• IFM Investors Pty Ltd reduced its holdings in Ameren Corporation by 21.9%, selling 17,399 shares and holding a total of 61,933 shares worth $6,218,000.
• Vanguard Group Inc. increased its stake in Ameren by 2.9%, now owning over 34 million shares, while several other institutional investors also adjusted their holdings.
• Ameren reported a quarterly EPS of $1.01, exceeding estimates, and declared a dividend of $0.71 per share, reflecting a 2.9% yield.

IFM Investors Pty Ltd lessened its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 21.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,933 shares of the utilities provider's stock after selling 17,399 shares during the quarter. IFM Investors Pty Ltd's holdings in Ameren were worth $6,218,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in shares of Ameren in the 1st quarter worth about $241,496,000. Price T Rowe Associates Inc. MD lifted its holdings in Ameren by 5.0% during 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 during the last quarter. Alliancebernstein L.P. lifted its holdings in Ameren by 51.7% during the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider's stock valued at $359,069,000 after purchasing an additional 1,218,509 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Ameren by 2.9% during 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 during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Ameren by 11,913.7% during the first quarter. GAMMA Investing LLC now owns 801,794 shares of the utilities provider's stock valued at $80,500,000 after purchasing an additional 795,120 shares during the last quarter. Institutional investors own 79.09% of the company's stock.

Insider Activity at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the 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 $929,240.91. This represents a 9.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by insiders.

Ameren Stock Performance

NYSE AEE traded down $1.02 during trading hours on Tuesday, hitting $99.45. The company's stock had a trading volume of 189,767 shares, compared to its average volume of 1,681,590. Ameren Corporation has a 12 month low of $82.95 and a 12 month high of $104.10. The company's 50 day simple moving average is $99.95 and its two-hundred day simple moving average is $98.29. The company has a market cap of $26.89 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 2.59 and a beta of 0.47. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56.

Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the company earned $0.97 EPS. Ameren'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. As a group, sell-side analysts expect that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, September 9th. Ameren's payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. 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 restated an "outperform" rating on shares of Ameren in a research report on Thursday, August 21st. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and increased their price target for the company from $91.00 to $100.00 in a research report on Wednesday, June 25th. Barclays reduced their price target on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Finally, UBS Group increased their price objective 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 given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $104.33.

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.