Korea Investment CORP Sells 6,478 Shares of Ameren Corporation $AEE

Key Points

• Korea Investment CORP sold 6,478 shares of Ameren Corporation, reducing its stake by 3.1% to approximately 204,328 shares worth $20.5 million.
• Several analysts have increased their price targets for Ameren, with Wells Fargo raising it from $108.00 to $112.00, reflecting positive market sentiment toward the stock.
• Ameren announced a quarterly dividend of $0.71 per share, which will be paid out on September 30th, representing an annualized yield of 2.8%.

Korea Investment CORP lessened its stake in shares of Ameren Corporation (NYSE:AEE - Free Report) by 3.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 204,328 shares of the utilities provider's stock after selling 6,478 shares during the quarter. Korea Investment CORP owned approximately 0.08% of Ameren worth $20,515,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. BMO Capital Markets boosted their price objective on shares of Ameren from $106.00 to $108.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. 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. Barclays reduced their price objective on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. Finally, Morgan Stanley reduced their price objective on shares of Ameren from $102.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $101.36.

Ameren Price Performance

AEE stock opened at $102.0220 on Thursday. The firm has a market cap of $27.59 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.62 and a beta of 0.45. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. Ameren Corporation has a 12-month low of $81.31 and a 12-month high of $104.10. The company's fifty day simple moving average is $98.15 and its 200 day simple moving average is $97.99.

Ameren (NYSE:AEE - Get Free Report) last released its 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 business 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%. Ameren's revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, analysts expect that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be issued a $0.71 dividend. The ex-dividend date is Tuesday, September 9th. This represents a $2.84 annualized dividend and a yield of 2.8%. Ameren's payout ratio is presently 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.

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