Martingale Asset Management L P Increases Stake in Ameren Corporation $AEE

Key Points

• Martingale Asset Management L P increased its stake in Ameren Corporation by 286.7%, owning 28,758 shares valued at approximately $2.89 million after purchasing an additional 21,322 shares in the first quarter.
• Ameren recently reported $1.01 earnings per share (EPS) for the latest quarter, surpassing analysts' expectations, with revenue up 31.2% year-over-year at $2.22 billion.
• The company declared a quarterly dividend of $0.71 per share, representing a 2.8% dividend yield, to be paid on September 30th to stockholders of record.

Martingale Asset Management L P raised its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 286.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,758 shares of the utilities provider's stock after buying an additional 21,322 shares during the quarter. Martingale Asset Management L P's holdings in Ameren were worth $2,887,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AEE. Price T Rowe Associates Inc. MD grew its stake in Ameren by 5.0% during the 1st 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 acquiring an additional 1,355,848 shares in the last quarter. Credit Agricole S A lifted its stake in Ameren by 13.2% in the 1st quarter. Credit Agricole S A now owns 74,834 shares of the utilities provider's stock worth $7,513,000 after purchasing an additional 8,739 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Ameren by 5.5% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 5,904 shares of the utilities provider's stock worth $592,000 after purchasing an additional 309 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Ameren by 401.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 62,215 shares of the utilities provider's stock worth $6,246,000 after purchasing an additional 49,805 shares during the last quarter. Finally, Alpha Family Trust acquired a new stake in shares of Ameren in the first quarter valued at approximately $212,000. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Ameren Trading Down 0.5%

NYSE AEE opened at $101.4920 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. The stock has a market capitalization of $27.44 billion, a P/E ratio of 22.31, a PEG ratio of 2.62 and a beta of 0.45. The firm's 50-day moving average is $98.24 and its two-hundred day moving average is $98.03. Ameren Corporation has a 12 month low of $81.31 and a 12 month high of $104.10.

Ameren (NYSE:AEE - Get Free Report) last released its quarterly 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 net margin of 14.55% and a return on equity of 10.38%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $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. On average, sell-side analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The company also recently declared 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. This represents a $2.84 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 9th. Ameren's dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analysts Forecast Growth

AEE has been the topic of a number of analyst reports. KeyCorp set a $104.00 price objective on Ameren and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Barclays reduced their price target on Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Wells Fargo & Company upped their price objective on shares of Ameren from $108.00 to $112.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Morgan Stanley cut their price objective on shares of Ameren from $102.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Finally, BMO Capital Markets lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ameren presently has an average rating of "Moderate Buy" and a consensus price target of $101.36.

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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