Ameren Corporation $AEE Shares Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its stake in Ameren Corporation by 375.5% in the first quarter, owning 28,509 shares worth approximately $2.86 million after purchasing an additional 22,514 shares.
• Ameren reported an earnings per share (EPS) of $1.01 for the last quarter, exceeding analysis expectations and reflecting a 31.2% increase in revenue year-over-year to $2.22 billion.
• The company announced a quarterly dividend of $0.71 per share with a yield of 2.8%, highlighting a dividend payout ratio of 62.42% as of the most recent reporting.

Jump Financial LLC lifted its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 375.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,509 shares of the utilities provider's stock after purchasing an additional 22,514 shares during the period. Jump Financial LLC's holdings in Ameren were worth $2,862,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Ameren during the first quarter worth approximately $25,000. SouthState Corp acquired a new stake in Ameren during the first quarter worth approximately $34,000. Quarry LP acquired a new stake in Ameren during the fourth quarter worth approximately $31,000. ORG Partners LLC boosted its position in Ameren by 74.5% during the first quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock worth $35,000 after acquiring an additional 149 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in Ameren by 586.9% during the first quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider's stock worth $41,000 after acquiring an additional 358 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company's stock.

Insider Buying and Selling

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business's stock in a transaction 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. The trade was a 9.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.42% of the stock is owned by corporate insiders.

Ameren Stock Up 0.1%

Shares of AEE traded up $0.07 during midday trading on Friday, reaching $99.81. 985,850 shares of the company were exchanged, compared to its average volume of 1,436,310. The stock has a 50-day moving average price of $98.96 and a 200-day moving average price of $98.19. The company has a market cap of $26.99 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 2.56 and a beta of 0.45. Ameren Corporation has a 1-year low of $81.31 and a 1-year high of $104.10. 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 (NYSE:AEE - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The firm's quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Research analysts expect that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

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 paid a dividend of $0.71 per share. 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 payout ratio is currently 62.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a report on Thursday, August 21st. BMO Capital Markets lifted their price target on shares of Ameren from $106.00 to $108.00 and gave the company an "outperform" rating in a report on Monday, May 5th. KeyCorp set a $104.00 price target on shares of Ameren and gave the company an "overweight" rating in a report on Wednesday, July 16th. Barclays decreased their price target on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Finally, Wells Fargo & Company lifted their price target on shares of Ameren from $108.00 to $112.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Ameren has an average rating of "Moderate Buy" and an average target price of $102.80.

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.