Teza Capital Management LLC Invests $447,000 in Ameren Corporation $AEE

Key Points

• Teza Capital Management LLC has made a new investment in Ameren Corporation, acquiring 4,451 shares valued at approximately $447,000 in the first quarter.
• Analyst ratings for Ameren are predominantly positive, with a consensus rating of "Moderate Buy" and a price target of $102.80.
• Ameren reported earnings of $1.01 per share for its last quarter, beating estimates, and plans to distribute a quarterly dividend of $0.71 on September 30th.

Teza Capital Management LLC bought a new position in shares of Ameren Corporation (NYSE:AEE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,451 shares of the utilities provider's stock, valued at approximately $447,000.

Other hedge funds have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Ameren during the first quarter worth approximately $25,000. SouthState Corp acquired a new position in shares of Ameren in the 1st quarter valued at $34,000. ORG Partners LLC boosted its holdings in shares of Ameren by 74.5% in 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 during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Ameren by 586.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 358 shares during the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of Ameren by 29.6% in the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider's stock valued at $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.

Insider Buying and Selling

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $101.79, for a total value of $101,790.00. Following the transaction, the senior vice president owned 9,129 shares in the company, valued at $929,240.91. The trade was a 9.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.42% of the stock is owned by corporate insiders.

Ameren Trading Up 0.5%

Shares of AEE stock traded up $0.48 during mid-day trading on Friday, reaching $100.79. The company's stock had a trading volume of 917,327 shares, compared to its average volume of 1,384,878. The company's 50 day simple moving average is $99.86 and its 200-day simple moving average is $98.31. Ameren Corporation has a 12-month low of $82.95 and a 12-month high of $104.10. 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 $27.25 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 2.58 and a beta of 0.47.

Ameren (NYSE:AEE - Get Free Report) last issued its earnings results on Thursday, July 31st. The utilities provider reported $1.01 EPS 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 business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm posted $0.97 EPS. The business's revenue for the quarter 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, research analysts predict that Ameren Corporation will post 4.93 EPS for the current fiscal 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. The ex-dividend date is Tuesday, September 9th. This represents a $2.84 dividend on an annualized basis and a yield of 2.8%. Ameren's payout ratio is currently 62.42%.

Analysts Set New Price Targets

A number of brokerages have weighed in on AEE. UBS Group lifted their price target on shares of Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 11th. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a report on Thursday, August 21st. Barclays decreased their price target 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 target on shares of Ameren and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and lifted their price target for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.