WBI Investments LLC Invests $757,000 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 purchased a new position in Ameren Corporation (NYSE:AEE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,540 shares of the utilities provider's stock, valued at approximately $757,000.

Several other institutional investors and hedge funds also recently modified their holdings 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 boosted its stake 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. boosted its position in shares of Ameren by 51.7% in the 1st quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider's stock valued at $359,069,000 after purchasing an additional 1,218,509 shares during the period. Vanguard Group Inc. boosted its position in shares of Ameren by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider's stock valued at $3,445,138,000 after purchasing an additional 979,928 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Ameren by 11,913.7% in the 1st quarter. GAMMA Investing LLC now owns 801,794 shares of the utilities provider's stock valued at $80,500,000 after purchasing an additional 795,120 shares during the period. Institutional investors own 79.09% of the company's stock.

Ameren Price Performance

AEE stock traded down $1.04 during trading on Tuesday, hitting $99.43. The company had a trading volume of 189,767 shares, compared to its average volume of 1,681,590. The company has a fifty day moving average price of $99.95 and a two-hundred day moving average price of $98.29. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51. The company has a market cap of $26.89 billion, a P/E ratio of 21.85, a P/E/G ratio of 2.59 and a beta of 0.47. Ameren Corporation has a fifty-two week low of $82.95 and a fifty-two week high of $104.10.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 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 business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm 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. Equities research analysts expect that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be paid a $0.71 dividend. 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 2.9%. Ameren's payout ratio is currently 62.42%.

Wall Street Analyst Weigh In

AEE has been the subject of a number of research reports. UBS Group raised their price objective 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 note on Thursday, August 21st. Barclays cut their price target 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. KeyCorp set a $104.00 price target on Ameren and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group raised Ameren from a "sell" rating to a "neutral" rating and raised their price target for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $104.33.

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 stock was 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 of the company's stock, valued at approximately $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company's stock.

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.