MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 49,319 Shares of Ameren Corporation $AEE

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. boosted its position in Ameren Corporation (NYSE:AEE - Free Report) by 123.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,177 shares of the utilities provider's stock after acquiring 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 reporting period.

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

Insiders Place Their Bets

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were 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 in the company, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company's stock.

Ameren Stock Up 0.1%

Shares of NYSE AEE traded up $0.14 during midday trading on Monday, hitting $100.93. The stock had a trading volume of 109,352 shares, compared to its average volume of 1,684,195. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. The business's 50 day moving average is $99.86 and its 200-day moving average is $98.30. Ameren Corporation has a 52 week low of $82.95 and a 52 week high of $104.10. The company has a market cap of $27.29 billion, a P/E ratio of 22.19, a PEG ratio of 2.59 and a beta of 0.47.

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 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 firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The firm's quarterly revenue was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, analysts predict that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Announces Dividend

The business also recently disclosed 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 of this dividend is Tuesday, September 9th. Ameren's payout ratio is presently 62.42%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AEE shares. KeyCorp set a $104.00 target price on shares of Ameren and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Barclays lowered their price objective on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Morgan Stanley restated an "outperform" rating on shares of Ameren in a report on Thursday, August 21st. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. Finally, UBS Group boosted their price objective on shares of Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $102.80.

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.