Yaupon Capital Management LP Buys 22,602 Shares of Ameren Corporation $AEE

Key Points

• Yaupon Capital Management LP increased its stake in Ameren Corporation by 9.7%, holding 256,302 shares valued at approximately $25.7 million as of the latest SEC filing.
• Ameren reported $1.01 earnings per share, beating estimates, with quarterly revenue rising by 31.2% year-over-year to $2.22 billion.
• The company announced a quarterly dividend of $0.71 per share, reflecting a dividend yield of 2.8% and a payout ratio of 62.42%.

Yaupon Capital Management LP increased its position in shares of Ameren Corporation (NYSE:AEE - Free Report) by 9.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 256,302 shares of the utilities provider's stock after buying an additional 22,602 shares during the quarter. Ameren accounts for 1.3% of Yaupon Capital Management LP's portfolio, making the stock its 20th biggest holding. Yaupon Capital Management LP owned approximately 0.09% of Ameren worth $25,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Ameren during the 1st quarter worth approximately $25,000. SouthState Corp acquired a new stake in Ameren during the first quarter worth $34,000. ORG Partners LLC boosted its stake in Ameren by 74.5% during the first quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock worth $35,000 after buying an additional 149 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in Ameren by 586.9% during the first quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider's stock worth $41,000 after buying an additional 358 shares in the last quarter. Finally, Whittier Trust Co. increased its holdings 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 buying an additional 114 shares during the period. Institutional investors own 79.09% of the company's stock.

Insider Transactions at Ameren

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm's stock in a transaction that occurred 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 directly owned 9,129 shares of the company's stock, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company's stock.

Ameren Trading Up 0.5%

NYSE:AEE traded up $0.48 during trading hours on Friday, hitting $100.79. 917,327 shares of the stock were exchanged, compared to its average volume of 1,693,312. The company's 50 day moving average is $99.86 and its two-hundred day moving average is $98.32. The company has a market capitalization of $27.25 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 2.55 and a beta of 0.47. Ameren Corporation has a twelve month low of $82.95 and a twelve 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.

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. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The firm's revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, sell-side analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Announces Dividend

The firm also recently disclosed 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. This represents a $2.84 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 9th. Ameren's dividend payout ratio is currently 62.42%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AEE. Morgan Stanley reiterated an "outperform" rating on shares of Ameren in a research report on Thursday, August 21st. UBS Group lifted 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. The Goldman Sachs Group upgraded Ameren from a "sell" rating to a "neutral" rating and raised their target price for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. Barclays decreased their price target 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. Finally, KeyCorp set a $104.00 price objective on Ameren and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.80.

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.