MBB Public Markets I LLC Takes $320,000 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 position in Ameren Corporation (NYSE:AEE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,187 shares of the utilities provider's stock, valued at approximately $320,000.

Other hedge funds have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Ameren in the first quarter worth about $25,000. SouthState Corp bought a new position in Ameren during the 1st quarter worth about $34,000. ORG Partners LLC lifted its position in shares of Ameren by 74.5% during the first quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock valued at $35,000 after buying an additional 149 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Ameren by 586.9% during the first quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider's stock valued at $41,000 after buying an additional 358 shares during the last quarter. Finally, Whittier Trust Co. raised its position in shares of Ameren by 29.6% in the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 79.09% of the company's stock.

Ameren Stock Down 0.4%

AEE stock traded down $0.39 during midday trading on Monday, hitting $100.41. 188,920 shares of the company's stock were exchanged, compared to its average volume of 1,684,566. Ameren Corporation has a 12-month low of $82.95 and a 12-month 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. The stock has a market capitalization of $27.15 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.59 and a beta of 0.47. The firm has a 50 day moving average price of $99.86 and a 200-day moving average price of $98.30.

Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings data 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 return on equity of 10.38% and a net margin of 14.55%.The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The business's revenue for the quarter 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, analysts anticipate that Ameren Corporation will post 4.93 EPS for the current 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%.

Analysts Set New Price Targets

Several analysts have commented on the stock. KeyCorp set a $104.00 price objective on shares of Ameren and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a research note on Thursday, August 21st. The Goldman Sachs Group raised Ameren from a "sell" rating to a "neutral" rating and upped their price target for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. UBS Group increased their price objective on Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Barclays decreased their price target on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.80.

Insiders Place Their Bets

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the transaction, the senior vice president owned 9,129 shares of the company's stock, valued at approximately $929,240.91. This represents a 9.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by insiders.

About Ameren

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.