SPC Financial Inc. Buys Shares of 2,491 Ameren Corporation $AEE

SPC Financial Inc. bought a new stake in shares of Ameren Corporation (NYSE:AEE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,491 shares of the utilities provider’s stock, valued at approximately $239,000.

Other hedge funds have also bought and sold shares of the company. Focus Partners Wealth lifted its position in Ameren by 10.0% during the first quarter. Focus Partners Wealth now owns 34,201 shares of the utilities provider’s stock valued at $3,434,000 after purchasing an additional 3,112 shares during the last quarter. Intech Investment Management LLC lifted its position in Ameren by 61.6% during the first quarter. Intech Investment Management LLC now owns 22,605 shares of the utilities provider’s stock valued at $2,270,000 after purchasing an additional 8,618 shares during the last quarter. J.W. Cole Advisors Inc. bought a new stake in Ameren during the first quarter valued at approximately $897,000. Goldman Sachs Group Inc. lifted its position in Ameren by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider’s stock valued at $283,636,000 after purchasing an additional 151,808 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in Ameren during the first quarter valued at approximately $13,552,000. 79.09% of the stock is currently owned by institutional investors.

Ameren Stock Up 0.5%

Shares of NYSE AEE opened at $103.50 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 52 week low of $85.27 and a 52 week high of $105.67. The firm’s fifty day moving average is $101.28 and its 200 day moving average is $98.66. The company has a market cap of $27.99 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.61 and a beta of 0.49.

Ameren (NYSE:AEE) last issued its earnings results on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities research analysts expect that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 9th. Ameren’s payout ratio is presently 62.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Ameren from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. Morgan Stanley lowered their price objective on shares of Ameren from $105.00 to $104.00 and set an “equal weight” rating for the company in a report on Thursday, September 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 report on Thursday, July 10th. UBS Group boosted their price objective 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, Weiss Ratings restated a “buy (b-)” rating on shares of Ameren in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $105.75.

Insider Transactions at Ameren

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 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 approximately $929,240.91. The trade was a 9.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

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.