Ameren Corporation $AEE Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its stake in Ameren Corporation by 6.8% in the first quarter, holding 81,941 shares valued at approximately $8.23 million as of the latest SEC filing.
• Ameren reported a quarterly earnings per share of $1.01, exceeding analysts' expectations and reflecting a 31.2% year-over-year increase in revenue.
• The company announced a quarterly dividend of $0.71 per share, representing a 2.9% yield, with the dividend payout ratio at 62.42%.

Voya Investment Management LLC cut its stake in Ameren Corporation (NYSE:AEE - Free Report) by 6.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,941 shares of the utilities provider's stock after selling 5,990 shares during the quarter. Voya Investment Management LLC's holdings in Ameren were worth $8,227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Ameren during the 1st quarter worth $25,000. SouthState Corp purchased a new position in Ameren during the 1st quarter worth $34,000. ORG Partners LLC grew its stake in 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 buying an additional 149 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in 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 buying an additional 358 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in 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 buying an additional 114 shares during the last quarter. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Ameren Price Performance

Shares of Ameren stock traded up $0.47 on Friday, hitting $99.13. The company's stock had a trading volume of 2,010,017 shares, compared to its average volume of 1,683,438. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. Ameren Corporation has a 1 year low of $83.91 and a 1 year high of $104.10. The firm has a fifty day moving average price of $100.14 and a 200-day moving average price of $98.26. The company has a market capitalization of $26.81 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 2.54 and a beta of 0.47.

Ameren (NYSE:AEE - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.82 billion. During the same period in the previous year, the business earned $0.97 EPS. Ameren'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. As a group, sell-side analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be given a $0.71 dividend. The ex-dividend date is Tuesday, September 9th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.9%. Ameren's dividend payout ratio is 62.42%.

Wall Street Analysts Forecast Growth

AEE has been the subject of a number of research reports. Morgan Stanley reaffirmed 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 stock an "overweight" rating in a research report on Wednesday, July 16th. Barclays lowered their price target on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. UBS Group boosted their price objective on Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, The Goldman Sachs Group raised Ameren from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Ameren currently has an average rating of "Moderate Buy" and an average price target of $105.25.

Insider Activity

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company's 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 sale, the senior vice president directly owned 9,129 shares in the company, valued at $929,240.91. This 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 available at this link. 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.