Ameren Corporation $AEE Stake Boosted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Ameren Corporation by 123.7% in Q1, holding 89,177 shares worth approximately $8.95 million.
• Ameren reported a net margin of 14.55% and a 31.2% year-over-year revenue increase, with Q2 earnings per share of $1.01, surpassing expectations.
• The company announced a quarterly dividend of $0.71, payable on September 30, with an annualized dividend yield of 2.9%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ameren Corporation (NYSE:AEE - Free Report) by 123.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,177 shares of the utilities provider's stock after purchasing an additional 49,319 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Ameren were worth $8,953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEE. Baird Financial Group Inc. raised its holdings in Ameren by 43.6% during the fourth quarter. Baird Financial Group Inc. now owns 4,192 shares of the utilities provider's stock worth $374,000 after purchasing an additional 1,273 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Ameren by 1.3% in the fourth quarter. Captrust Financial Advisors now owns 10,107 shares of the utilities provider's stock valued at $901,000 after buying an additional 125 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Ameren by 58.5% in the fourth quarter. Deutsche Bank AG now owns 798,160 shares of the utilities provider's stock valued at $71,148,000 after buying an additional 294,512 shares in the last quarter. Ethic Inc. bought a new position in shares of Ameren in the fourth quarter valued at $503,000. Finally, Focus Partners Wealth increased its holdings in shares of Ameren by 3.6% in the fourth quarter. Focus Partners Wealth now owns 31,089 shares of the utilities provider's stock valued at $2,812,000 after buying an additional 1,081 shares in the last quarter. Institutional investors own 79.09% of the company's stock.

Ameren Stock Up 0.5%

NYSE:AEE traded up $0.48 during trading hours on Friday, hitting $100.79. 917,327 shares of the stock traded hands, compared to its average volume of 1,384,878. The firm has a 50 day moving average price of $99.86 and a 200 day moving average price of $98.32. 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 fifty-two week low of $82.95 and a fifty-two week high of $104.10. The firm has a market cap 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 announced 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. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The company 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 business earned $0.97 EPS. The company'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. Equities research analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be issued 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 payout ratio is currently 62.42%.

Insider Activity at Ameren

In other 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 transaction of $101,790.00. Following the transaction, the senior vice president directly owned 9,129 shares in the company, valued at $929,240.91. The trade was a 9.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays dropped 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. 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 upped their price target on Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 11th. Morgan Stanley reaffirmed an "outperform" rating on shares of Ameren in a report on Thursday, August 21st. Finally, KeyCorp set a $104.00 price target on Ameren and gave the company an "overweight" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $102.80.

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.