Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in Ameren Corporation $AEE

Key Points

• Mirae Asset Global Investments increased its stake in Ameren Corporation by 10.5% in Q2, holding 31,792 shares valued at approximately $3.05 million.
• Several institutional investors, including Goldman Sachs and Focus Partners Wealth, have also recently increased their stakes in Ameren, reflecting a strong institutional interest in the stock.
• Analysts have given Ameren a consensus rating of "Moderate Buy" with an average target price of $105.75, indicating positive growth expectations for the company.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Ameren Corporation (NYSE:AEE - Free Report) by 10.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,792 shares of the utilities provider's stock after purchasing an additional 3,009 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Ameren were worth $3,053,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Focus Partners Wealth boosted its stake in Ameren by 10.0% during the first quarter. Focus Partners Wealth now owns 34,201 shares of the utilities provider's stock worth $3,434,000 after buying an additional 3,112 shares during the period. Merit Financial Group LLC purchased a new position in Ameren during the first quarter worth $204,000. Intech Investment Management LLC boosted its stake in Ameren by 61.6% during the first quarter. Intech Investment Management LLC now owns 22,605 shares of the utilities provider's stock worth $2,270,000 after buying an additional 8,618 shares during the period. J.W. Cole Advisors Inc. purchased a new position in Ameren during the first quarter worth $897,000. Finally, Goldman Sachs Group Inc. boosted its stake in Ameren by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider's stock worth $283,636,000 after buying an additional 151,808 shares during the period. 79.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business's 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 sale, the senior vice president owned 9,129 shares in the company, valued at approximately $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AEE has been the subject of several recent analyst reports. The Goldman Sachs Group raised shares of Ameren from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Barclays decreased their target price on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Ameren in a research report on Saturday, September 27th. Morgan Stanley decreased their target price on Ameren from $105.00 to $104.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Finally, KeyCorp set a $104.00 target price on Ameren and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Ameren presently has a consensus rating of "Moderate Buy" and an average target price of $105.75.

Ameren Stock Performance

Shares of Ameren stock opened at $104.48 on Wednesday. The firm has a market cap of $28.25 billion, a P/E ratio of 22.96, a P/E/G ratio of 2.69 and a beta of 0.49. 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 12 month low of $85.27 and a 12 month high of $105.67. The stock's fifty day moving average price is $101.14 and its 200-day moving average price is $98.56.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The business's revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities research analysts expect that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, September 9th. Ameren's payout ratio is 62.42%.

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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