Trexquant Investment LP Buys Shares of 65,562 Ameren Corporation $AEE

Key Points

• Trexquant Investment LP invested approximately $6.58 million in Ameren Corporation by purchasing 65,562 shares during the first quarter.
• Wall Street analysts have a generally positive outlook for Ameren, with a consensus target price of $102.80 and ratings ranging from "Strong Buy" to "Hold."
• Ameren has declared a quarterly dividend of $0.71 per share, representing an annualized yield of 2.8%, with the ex-dividend date set for September 9th.

Trexquant Investment LP bought a new stake in Ameren Corporation (NYSE:AEE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 65,562 shares of the utilities provider's stock, valued at approximately $6,582,000.

Several other large investors have also recently added to or reduced their stakes in AEE. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Ameren in the 1st quarter valued at approximately $25,000. Quarry LP acquired a new position in shares of Ameren during the 4th quarter valued at $31,000. SouthState Corp acquired a new position in shares of Ameren during the 1st quarter valued at $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 valued at $35,000 after purchasing an additional 149 shares during the period. Finally, 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 valued at $41,000 after purchasing an additional 358 shares during the period. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on AEE. Wells Fargo & Company lifted their price target on Ameren from $108.00 to $112.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. The Goldman Sachs Group upgraded 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 research report on Wednesday, June 25th. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a research report on Thursday, August 21st. KeyCorp set a $104.00 price target on Ameren and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Barclays reduced their price objective on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ameren currently has a consensus rating of "Moderate Buy" and a consensus target price of $102.80.

Insider Transactions at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the completion of the sale, the senior vice president owned 9,129 shares of the company's stock, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.42% of the company's stock.

Ameren Stock Up 0.6%

Shares of Ameren stock traded up $0.62 during midday trading on Thursday, hitting $100.54. The company's stock had a trading volume of 761,889 shares, compared to its average volume of 1,696,513. The firm has a market capitalization of $27.19 billion, a P/E ratio of 22.09, a PEG ratio of 2.56 and a beta of 0.47. The stock has a 50-day simple moving average of $99.20 and a 200-day simple moving average of $98.23. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. Ameren Corporation has a 1-year low of $82.79 and a 1-year high of $104.10.

Ameren (NYSE:AEE - Get Free Report) last released 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. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The business's revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, sell-side 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. Investors of record on Tuesday, September 9th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $2.84 dividend on an annualized basis and a yield of 2.8%. Ameren's dividend payout ratio (DPR) is presently 62.42%.

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.