WBI Investments LLC Acquires New Shares in Ameren Corporation $AEE

Key Points

• WBI Investments LLC has acquired a new stake in Ameren Corporation, purchasing 7,540 shares worth approximately $757,000 during the first quarter.
• Ameren reported a quarterly revenue of $2.22 billion, significantly surpassing analyst estimates of $1.82 billion, with a year-over-year increase of 31.2%.
• The company declared a quarterly dividend of $0.71 per share, representing an annual yield of 2.9%, with the dividend payout scheduled for September 30th.

WBI Investments LLC bought a new stake in shares of Ameren Corporation (NYSE:AEE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,540 shares of the utilities provider's stock, valued at approximately $757,000.

Several other institutional investors also recently bought and sold shares of AEE. Nuveen LLC bought a new position in Ameren during the first quarter valued at about $241,496,000. Price T Rowe Associates Inc. MD raised its holdings in Ameren by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider's stock valued at $2,851,821,000 after buying an additional 1,355,848 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Ameren by 51.7% during the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider's stock valued at $359,069,000 after buying an additional 1,218,509 shares in the last quarter. Vanguard Group Inc. raised its holdings in Ameren by 2.9% during the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider's stock valued at $3,445,138,000 after buying an additional 979,928 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Ameren by 11,913.7% during the first quarter. GAMMA Investing LLC now owns 801,794 shares of the utilities provider's stock valued at $80,500,000 after buying an additional 795,120 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.

Insider Transactions at Ameren

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

Ameren Trading Up 0.1%

Shares of AEE opened at $99.31 on Thursday. Ameren Corporation has a 12-month low of $82.79 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 $26.85 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 2.55 and a beta of 0.47. The stock's 50-day moving average price is $99.63 and its 200 day moving average price is $98.29.

Ameren (NYSE:AEE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The company'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. As a group, research analysts predict that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

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

Analyst Ratings Changes

AEE has been the topic of several recent research reports. The Goldman Sachs Group upgraded Ameren from a "sell" rating to a "neutral" rating and raised their target price for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. UBS Group raised their target price on Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 11th. KeyCorp set a $104.00 price objective on Ameren and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a research note on Thursday, August 21st. Finally, Barclays dropped their price objective on Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Ameren has a consensus rating of "Moderate Buy" and an average target price of $102.80.

Ameren 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.

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