Resolution Capital Ltd Purchases 12,293 Shares of Ameren Corporation $AEE

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 grew its stake in shares of Ameren Corporation (NYSE:AEE - Free Report) by 43.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,686 shares of the utilities provider's stock after purchasing an additional 12,293 shares during the quarter. Ameren comprises about 0.1% of Resolution Capital Ltd's portfolio, making the stock its 29th biggest holding. Resolution Capital Ltd's holdings in Ameren were worth $4,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Ameren during the 1st quarter worth approximately $25,000. SouthState Corp acquired a new position in shares of Ameren during the 1st quarter worth approximately $34,000. ORG Partners LLC increased its position in shares of Ameren by 74.5% during the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock worth $35,000 after purchasing an additional 149 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of Ameren by 586.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider's stock worth $41,000 after purchasing an additional 358 shares during the last quarter. Finally, Whittier Trust Co. increased its position in shares of Ameren by 29.6% during the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider's stock worth $50,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company's stock.

Ameren Stock Down 0.4%

AEE opened at $100.52 on Friday. Ameren Corporation has a 1-year low of $82.79 and a 1-year high of $104.10. The stock's fifty day simple moving average is $99.41 and its 200 day simple moving average is $98.26. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51. The stock has a market cap of $27.18 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 2.59 and a beta of 0.47.

Ameren (NYSE:AEE - Get Free Report) last posted 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 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 quarter in the prior year, the business earned $0.97 EPS. The firm's revenue for the quarter 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, research analysts expect that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 9th. Ameren's dividend payout ratio is currently 62.42%.

Insider Buying and Selling

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company's stock in a transaction 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 transaction, the senior vice president directly owned 9,129 shares of the company's stock, valued at $929,240.91. This represents a 9.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AEE has been the topic of several recent analyst reports. UBS Group boosted their price target on Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. KeyCorp set a $104.00 price target on Ameren and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group raised Ameren from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. Morgan Stanley restated an "outperform" rating on shares of Ameren in a research note on Thursday, August 21st. Finally, Wells Fargo & Company increased their price target on Ameren from $108.00 to $112.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. One 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $102.80.

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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