Zimmer Partners LP Has $110.78 Million Stock Holdings in Ameren Corporation $AEE

Key Points

• Zimmer Partners LP increased its stake in Ameren Corporation by 6.8% during the first quarter, owning approximately 1.1 million shares, which represents 2.1% of its investment portfolio.
• Ameren's recent earnings report showed a positive trend with $1.01 earnings per share, exceeding analysts' expectations, and a revenue increase of 31.2% year-over-year.
• The company announced a quarterly dividend of $0.71 per share, yielding around 2.8%, with a payout ratio of 62.42% as of the recent financial quarter.

Zimmer Partners LP grew its position in Ameren Corporation (NYSE:AEE - Free Report) by 6.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,103,383 shares of the utilities provider's stock after buying an additional 70,164 shares during the quarter. Ameren accounts for about 2.1% of Zimmer Partners LP's portfolio, making the stock its 14th largest holding. Zimmer Partners LP owned about 0.41% of Ameren worth $110,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Ameren in the 1st quarter valued at approximately $25,000. SouthState Corp acquired a new position in Ameren during the 1st quarter worth approximately $34,000. ORG Partners LLC increased its position in 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 purchasing an additional 149 shares in the last quarter. Cornerstone Planning Group LLC increased its position in 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 purchasing an additional 358 shares in the last quarter. Finally, Whittier Trust Co. increased its position in Ameren by 29.6% during the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider's stock worth $50,000 after purchasing an additional 114 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Ameren Stock Up 0.5%

NYSE AEE traded up $0.48 on Friday, hitting $100.79. 917,327 shares of the company were exchanged, compared to its average volume of 1,693,312. The company has a market cap of $27.25 billion, a PE ratio of 22.15, a PEG ratio of 2.55 and a beta of 0.47. Ameren Corporation has a 12 month low of $82.95 and a 12 month high of $104.10. The stock has a fifty day moving average of $99.86 and a 200-day moving average of $98.32. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51.

Ameren (NYSE:AEE - Get Free Report) last issued its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping 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 net margin of 14.55% and a return on equity of 10.38%. Ameren's revenue was up 31.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

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

Insider Transactions at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction on Friday, August 22nd. The shares were 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AEE shares. The Goldman Sachs Group upgraded shares of Ameren from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. Barclays lowered their price objective on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. KeyCorp set a $104.00 target price on shares of Ameren and gave the stock an "overweight" rating in a report on Wednesday, July 16th. UBS Group boosted their target price on shares of Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Morgan Stanley reissued an "outperform" rating on shares of Ameren in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $102.80.

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.