USS Investment Management Ltd Has $2.05 Million Stock Holdings in Ameren Corporation $AEE

Key Points

• USS Investment Management Ltd reduced its holdings in Ameren Corporation by 55.4% during the first quarter, selling 25,400 shares and leaving it with 20,439 shares valued at approximately $2.05 million.
• Ameren recently reported quarterly earnings of $1.01 per share, surpassing analysts' estimates and reflecting a 31.2% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.71 per share, representing a yield of 2.8%, with the ex-dividend date set for September 9th.

USS Investment Management Ltd cut its stake in Ameren Corporation (NYSE:AEE - Free Report) by 55.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,439 shares of the utilities provider's stock after selling 25,400 shares during the quarter. USS Investment Management Ltd's holdings in Ameren were worth $2,053,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Resolution Capital Ltd raised its position in Ameren by 43.3% in the first quarter. Resolution Capital Ltd now owns 40,686 shares of the utilities provider's stock valued at $4,085,000 after purchasing an additional 12,293 shares during the period. Plancorp LLC raised its position in Ameren by 4.5% in the first quarter. Plancorp LLC now owns 14,362 shares of the utilities provider's stock valued at $1,442,000 after purchasing an additional 625 shares during the period. Nissay Asset Management Corp Japan ADV raised its position in Ameren by 1.3% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 32,680 shares of the utilities provider's stock valued at $3,281,000 after purchasing an additional 404 shares during the period. NewEdge Advisors LLC raised its position in Ameren by 22.9% in the first quarter. NewEdge Advisors LLC now owns 8,077 shares of the utilities provider's stock valued at $811,000 after purchasing an additional 1,503 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ameren by 123.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 89,177 shares of the utilities provider's stock worth $8,953,000 after acquiring an additional 49,319 shares during the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AEE shares. KeyCorp set a $104.00 target price 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 lifted their target price for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. UBS Group lifted their target price 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 reaffirmed an "outperform" rating on shares of Ameren in a research report on Thursday, August 21st. Finally, Barclays dropped their target price on Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Ameren has a consensus rating of "Moderate Buy" and a consensus price target of $102.80.

Ameren Stock Performance

AEE stock traded up $0.48 during midday trading on Friday, reaching $100.79. The company had a trading volume of 917,327 shares, compared to its average volume of 1,384,878. 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 stock has a 50 day moving average price of $99.86 and a 200 day moving average price of $98.32. Ameren Corporation has a fifty-two week low of $82.95 and a fifty-two week high of $104.10. The firm has a market capitalization of $27.25 billion, a PE ratio of 22.15, a P/E/G 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 return on equity of 10.38% and a net margin of 14.55%.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 firm posted $0.97 earnings per share. Ameren's quarterly revenue was up 31.2% compared to the same quarter last year. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 62.42%.

Insider Transactions at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the 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 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 the SEC website. 0.42% of the stock is owned by company insiders.

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.