MBB Public Markets I LLC Takes Position in Ameren Corporation $AEE

Key Points

• MBB Public Markets I LLC has taken a new position in Ameren Corporation, purchasing 3,187 shares valued at approximately $320,000 in the first quarter of the year.
• Ameren announced a quarterly dividend of $0.71 per share, to be paid on September 30th, representing an annual yield of 2.9%.
• Analysts have a consensus "Moderate Buy" rating for Ameren, with price targets ranging from $100.00 to $114.00, indicating growth potential for the stock.

MBB Public Markets I LLC bought a new stake in shares of Ameren Corporation (NYSE:AEE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,187 shares of the utilities provider's stock, valued at approximately $320,000.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of 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. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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. Invesco Ltd. lifted its holdings in shares of Ameren by 16.1% during the first quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider's stock valued at $467,741,000 after purchasing an additional 646,000 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of 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. Finally, Goldman Sachs Group Inc. lifted its stake in Ameren by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider's stock worth $283,636,000 after acquiring an additional 151,808 shares in the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Stock Up 0.5%

AEE stock traded up $0.48 during mid-day trading on Friday, hitting $100.79. The stock had a trading volume of 917,327 shares, compared to its average volume of 1,384,878. 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 Corporation has a 1-year low of $82.95 and a 1-year high of $104.10. The company has a fifty day moving average of $99.86 and a 200 day moving average of $98.32. The stock has a market capitalization of $27.25 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.58 and a beta of 0.47.

Ameren (NYSE:AEE - Get Free Report) last issued its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share 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 for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm posted $0.97 EPS. The business's revenue was up 31.2% compared to the same quarter last year. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities analysts expect that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 9th. Ameren's dividend payout ratio is presently 62.42%.

Wall Street Analysts Forecast Growth

AEE has been the subject of several research analyst reports. The Goldman Sachs Group raised Ameren from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. KeyCorp set a $104.00 price objective on Ameren and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. UBS Group increased their price objective on Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Morgan Stanley reissued an "outperform" rating on shares of Ameren in a research note on Thursday, August 21st. Finally, Barclays reduced their price objective on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note 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 assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $102.80.

Insiders Place Their Bets

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the transaction, the senior vice president directly owned 9,129 shares of the company's stock, valued at $929,240.91. This represents a 9.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by insiders.

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.