Wealth Enhancement Advisory Services LLC Purchases 2,767 Shares of Ameren Corporation $AEE

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Ameren Corporation by 16.3%, owning a total of 19,693 shares valued at $1,891,000 after acquiring 2,767 additional shares.
• Ameren declared a quarterly dividend of $0.71 per share to be paid on September 30th, representing an annualized dividend of $2.84 and a yield of 2.8%.
• The average price target for Ameren stock among analysts is $105.75, with multiple firms providing ratings that indicate a consensus of Moderate Buy.

Wealth Enhancement Advisory Services LLC raised its stake in Ameren Corporation (NYSE:AEE - Free Report) by 16.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,693 shares of the utilities provider's stock after acquiring an additional 2,767 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Ameren were worth $1,891,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AEE. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ameren in the fourth quarter valued at $6,729,000. Versant Capital Management Inc grew its position in Ameren by 44.6% in the first quarter. Versant Capital Management Inc now owns 571 shares of the utilities provider's stock valued at $57,000 after acquiring an additional 176 shares during the period. GAMMA Investing LLC grew its position in Ameren by 11,913.7% in the first quarter. GAMMA Investing LLC now owns 801,794 shares of the utilities provider's stock valued at $80,500,000 after acquiring an additional 795,120 shares during the period. Parallel Advisors LLC grew its position in Ameren by 8.7% in the first quarter. Parallel Advisors LLC now owns 5,262 shares of the utilities provider's stock valued at $528,000 after acquiring an additional 419 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Ameren in the first quarter valued at $213,000. 79.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company's 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 transaction, the senior vice president owned 9,129 shares of the company's stock, valued at $929,240.91. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is owned by company insiders.

Ameren Trading Up 1.3%

Shares of AEE opened at $102.08 on Monday. 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 12-month low of $85.27 and a 12-month high of $104.10. The firm has a market capitalization of $27.60 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.62 and a beta of 0.47. The stock's fifty day simple moving average is $100.57 and its 200-day simple moving average is $98.35.

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 business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The firm's revenue for the quarter 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. Stockholders 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 dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 9th. Ameren's dividend payout ratio is 62.42%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group upped their price target on Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Morgan Stanley lowered their price target on Ameren from $105.00 to $104.00 and set an "equal weight" rating on the stock in a research report on Thursday. The Goldman Sachs Group upgraded Ameren from a "sell" rating to a "neutral" rating and increased their target price for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. Barclays decreased their target price on Ameren from $104.00 to $100.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Finally, KeyCorp set a $104.00 target price on Ameren and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $105.75.

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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