Public Sector Pension Investment Board Has $7.24 Million Holdings in Ameren Corporation $AEE

Key Points

• The Public Sector Pension Investment Board increased its stake in Ameren Corporation by 4.2%, acquiring an additional 2,932 shares, bringing its total holdings to 72,154 shares valued at $7,244,000.
• Ameren reported a quarterly earnings per share (EPS) of $1.01, exceeding expectations, with revenues of $2.22 billion, marking a 31.2% increase compared to the previous year.
• The company recently declared a quarterly dividend of $0.71 per share, representing an annual dividend yield of 2.8%, and is set to be paid on September 30th.

Public Sector Pension Investment Board grew its stake in Ameren Corporation (NYSE:AEE - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,154 shares of the utilities provider's stock after purchasing an additional 2,932 shares during the period. Public Sector Pension Investment Board's holdings in Ameren were worth $7,244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AEE. Independent Advisor Alliance boosted its stake in Ameren by 7.4% in the 1st quarter. Independent Advisor Alliance now owns 3,547 shares of the utilities provider's stock valued at $356,000 after buying an additional 243 shares in the last quarter. SouthState Corp bought a new position in Ameren during the 1st quarter valued at about $34,000. Nuveen LLC acquired a new position in Ameren in the first quarter valued at about $241,496,000. Aigen Investment Management LP acquired a new position in Ameren in the first quarter valued at about $532,000. Finally, King Luther Capital Management Corp bought a new stake in Ameren during the first quarter worth about $222,000. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Stock Up 1.6%

Shares of AEE traded up $1.61 on Tuesday, hitting $101.56. The company's stock had a trading volume of 315,248 shares, compared to its average volume of 1,718,017. 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 firm has a market capitalization of $27.46 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 2.59 and a beta of 0.45. The firm's fifty day moving average price is $97.90 and its 200-day moving average price is $97.93. Ameren Corporation has a fifty-two week low of $81.31 and a fifty-two week high of $104.10.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The business'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. On average, equities research analysts expect that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Dividend Announcement

The company 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 $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 9th. Ameren's payout ratio is 62.42%.

Analyst Upgrades and Downgrades

AEE has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on Ameren from $106.00 to $108.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. KeyCorp set a $104.00 price objective on Ameren and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Morgan Stanley decreased their target price on Ameren from $102.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Barclays lowered their target price 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. Finally, The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and upped their price target for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $101.36.

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.