State of New Jersey Common Pension Fund D decreased its position in Ameren Corporation (NYSE:AEE - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,702 shares of the utilities provider's stock after selling 5,063 shares during the period. State of New Jersey Common Pension Fund D's holdings in Ameren were worth $8,303,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Ameren by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider's stock valued at $3,445,138,000 after purchasing an additional 979,928 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Ameren by 1.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,048,729 shares of the utilities provider's stock valued at $2,411,125,000 after purchasing an additional 392,170 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Ameren by 16.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,038,754 shares of the utilities provider's stock valued at $1,518,835,000 after purchasing an additional 2,439,811 shares during the period. Invesco Ltd. grew its stake in shares of Ameren by 16.1% in the 1st quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider's stock valued at $467,741,000 after purchasing an additional 646,000 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Ameren by 0.9% in the 4th quarter. Janus Henderson Group PLC now owns 4,601,449 shares of the utilities provider's stock valued at $410,174,000 after purchasing an additional 39,455 shares during the period. 79.09% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently commented on AEE. UBS Group increased 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. Morgan Stanley reduced their price objective on Ameren from $102.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. BMO Capital Markets upped their price objective on Ameren from $106.00 to $108.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Wells Fargo & Company raised their price target on Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group raised Ameren from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $101.36.
View Our Latest Stock Report on AEE
Ameren Stock Performance
Shares of NYSE:AEE traded up $0.4360 during trading on Friday, reaching $101.9360. 705,645 shares of the stock were exchanged, compared to its average volume of 1,716,749. 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 $81.31 and a 12 month high of $104.10. The stock has a 50-day moving average price of $98.24 and a 200-day moving average price of $98.03. The firm has a market cap of $27.56 billion, a PE ratio of 22.40, a PEG ratio of 2.62 and a beta of 0.45.
Ameren (NYSE:AEE - Get Free Report) last released 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 company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $0.97 earnings per share. The firm's quarterly revenue was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Research analysts expect that Ameren Corporation will post 4.93 EPS for the current fiscal year.
Ameren Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 9th. Ameren's payout ratio is presently 62.42%.
Ameren Company Profile
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Free Report)
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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