Callan Family Office LLC Purchases 4,124 Shares of Ameren Corporation $AEE

Callan Family Office LLC increased its position in Ameren Corporation (NYSE:AEE) by 122.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,494 shares of the utilities provider’s stock after acquiring an additional 4,124 shares during the quarter. Callan Family Office LLC’s holdings in Ameren were worth $720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Ameren during the first quarter valued at $25,000. SouthState Corp purchased a new position in Ameren during the first quarter valued at $34,000. Fortitude Family Office LLC lifted its position in Ameren by 600.0% during the second quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 294 shares in the last quarter. ORG Partners LLC lifted its position in Ameren by 74.5% during the first quarter. ORG Partners LLC now owns 349 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 149 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Ameren during the second quarter valued at $34,000. Institutional investors own 79.09% of the company’s stock.

Ameren Trading Down 0.1%

Shares of AEE stock opened at $103.55 on Tuesday. Ameren Corporation has a 12-month low of $85.27 and a 12-month high of $105.67. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51. The stock’s 50-day moving average price is $101.29 and its 200-day moving average price is $98.69. The stock has a market capitalization of $28.00 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The business’s revenue was up 31.2% compared to the same quarter last year. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Equities research analysts predict that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 9th. Ameren’s payout ratio is 62.42%.

Insider Activity

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AEE has been the topic of several analyst reports. Morgan Stanley lowered their target price on Ameren from $105.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. The Goldman Sachs Group upgraded Ameren from a “sell” rating to a “neutral” rating and lifted their target price for the company from $91.00 to $100.00 in a research report on Wednesday, June 25th. UBS Group lifted their target price on Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Ameren in a research report on Wednesday, October 8th. Finally, KeyCorp set a $104.00 price objective on Ameren and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.75.

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.