QRG Capital Management Inc. Acquires 3,006 Shares of Ameren Corporation $AEE

Key Points

• QRG Capital Management Inc. increased its holdings in Ameren Corporation by 5.7%, purchasing an additional 3,006 shares during the second quarter, bringing their total to 55,788 shares valued at over $5.3 million.
• Analysts have mixed views on Ameren's stock, with a consensus rating of "Moderate Buy" and a consensus price target of $105.75, while some firms, like Morgan Stanley and Barclays, have reduced their price objectives.
• Ameren recently announced a quarterly dividend of $0.71, which reflects an annualized payout of $2.84 and a yield of 2.7%, with a payout ratio of 62.42%.

QRG Capital Management Inc. raised its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 5.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,788 shares of the utilities provider's stock after purchasing an additional 3,006 shares during the quarter. QRG Capital Management Inc.'s holdings in Ameren were worth $5,358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in Ameren during the 1st quarter valued at $25,000. SouthState Corp bought a new stake in Ameren during the 1st quarter valued at $34,000. Fortitude Family Office LLC increased its stake in Ameren by 600.0% during the 2nd quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 294 shares in the last quarter. ORG Partners LLC increased its stake in Ameren by 74.5% during the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 149 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Ameren during the 2nd quarter valued at $34,000. Institutional investors own 79.09% of the company's stock.

Insider Transactions at Ameren

In related 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 value of $101,790.00. Following the sale, the senior vice president directly owned 9,129 shares in the company, valued at approximately $929,240.91. The trade was a 9.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

AEE has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of Ameren from $105.00 to $104.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Barclays cut their price objective on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. KeyCorp set a $104.00 price objective on shares of Ameren and gave the stock an "overweight" rating in a report on Wednesday, July 16th. 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 report on Wednesday, June 25th. Finally, UBS Group lifted their price objective on shares of Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.75.

Ameren Price Performance

Shares of NYSE:AEE opened at $103.66 on Monday. The company's 50-day moving average is $100.92 and its 200 day moving average is $98.47. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. The company has a market capitalization of $28.03 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 2.66 and a beta of 0.49. Ameren Corporation has a fifty-two week low of $85.27 and a fifty-two week high of $104.52.

Ameren (NYSE:AEE - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the previous year, the business posted $0.97 EPS. The firm's quarterly revenue 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, equities research analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

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

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.

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