Ameren Corporation $AEE Shares Purchased by Resolution Capital Ltd

Key Points

• Resolution Capital Ltd increased its stake in Ameren Corporation by 43.3%, acquiring an additional 12,293 shares and bringing its total holdings to 40,686 shares. The company’s investment in Ameren is valued at approximately $4.08 million.
• Ameren recently reported a quarterly earnings per share of $1.01, exceeding analysts' expectations by a slight margin, along with revenues increasing by 31.2% year-over-year to $2.22 billion.
• The company announced a quarterly dividend of $0.71 per share, yielding 2.8%, with the ex-dividend date set for September 9th.

Resolution Capital Ltd lifted its holdings in shares of Ameren Corporation (NYSE:AEE - Free Report) by 43.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,686 shares of the utilities provider's stock after buying an additional 12,293 shares during the quarter. Ameren comprises 0.1% of Resolution Capital Ltd's investment portfolio, making the stock its 29th biggest position. Resolution Capital Ltd's holdings in Ameren were worth $4,085,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Schonfeld Strategic Advisors LLC lifted its position in Ameren by 27.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 4,250 shares of the utilities provider's stock valued at $379,000 after purchasing an additional 905 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Ameren by 36.7% in the fourth quarter. Bank of America Corp DE now owns 1,865,910 shares of the utilities provider's stock worth $166,327,000 after acquiring an additional 501,187 shares during the period. Baird Financial Group Inc. grew its holdings in shares of Ameren by 43.6% in the fourth 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 period. Captrust Financial Advisors increased its stake in shares of 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 purchasing an additional 125 shares in the last quarter. Finally, Deutsche Bank AG increased 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 in the last quarter. 79.09% of the stock is owned by institutional investors.

Ameren Stock Performance

Shares of NYSE:AEE traded up $1.12 during trading on Thursday, reaching $100.41. The company had a trading volume of 999,270 shares, compared to its average volume of 1,697,797. The firm has a market capitalization of $27.15 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.55 and a beta of 0.47. Ameren Corporation has a fifty-two week low of $82.95 and a fifty-two week high of $104.10. The stock's fifty day moving average price is $99.63 and its 200 day moving average price is $98.29. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56.

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

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be given a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $2.84 annualized dividend and a dividend yield of 2.8%. Ameren's dividend payout ratio is presently 62.42%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the completion of the transaction, the senior vice president owned 9,129 shares in the company, valued at $929,240.91. This represents a 9.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.42% of the company's stock.

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.