Wedmont Private Capital Acquires New Shares in Ameren Corporation $AEE

Key Points

• Wedmont Private Capital has acquired 2,574 shares of Ameren Corporation, valued at approximately $245,000, according to its latest 13F filing with the SEC.
• The utilities provider reported an EPS of $1.01, surpassing estimates, and a 31.2% increase in revenue year-over-year, amounting to $2.22 billion for the quarter.
• Ameren announced a quarterly dividend of $0.71 per share, set to be paid on September 30th, representing an annualized yield of 2.9%.

Wedmont Private Capital acquired a new stake in Ameren Corporation (NYSE:AEE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,574 shares of the utilities provider's stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Ameren during the 1st quarter worth about $25,000. SouthState Corp acquired a new position in shares of Ameren during the 1st quarter worth about $34,000. ORG Partners LLC boosted its stake in shares of 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 boosted its stake in shares of 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. lifted its stake in Ameren by 29.6% in the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 114 shares during the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were 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 in the company, valued at $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by insiders.

Ameren Price Performance

Shares of NYSE:AEE opened at $99.13 on Monday. The firm has a market cap of $26.81 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 2.55 and a beta of 0.47. The firm's fifty day moving average is $100.20 and its 200-day moving average is $98.26. 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 52 week low of $83.91 and a 52 week high of $104.10.

Ameren (NYSE:AEE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. Ameren had a net margin of 14.55% and a return on equity of 10.38%. Ameren's revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Sell-side analysts predict that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The company also recently announced 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. The ex-dividend date is Tuesday, September 9th. This represents a $2.84 annualized dividend and a yield of 2.9%. Ameren's payout ratio is presently 62.42%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays cut their target price on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a research note on Thursday, August 21st. UBS Group raised their target price on shares of Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, July 11th. KeyCorp set a $104.00 target price on shares of Ameren and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group raised shares of Ameren from a "sell" rating to a "neutral" rating and increased their price target for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $105.25.

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.

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