NorthRock Partners LLC Grows Stock Position in Ameren Corporation $AEE

NorthRock Partners LLC grew its holdings in Ameren Corporation (NYSE:AEE) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,046 shares of the utilities provider’s stock after acquiring an additional 387 shares during the quarter. NorthRock Partners LLC’s holdings in Ameren were worth $581,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Ameren by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock valued at $3,445,138,000 after purchasing an additional 979,928 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Ameren by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider’s stock worth $2,851,821,000 after buying an additional 1,355,848 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Ameren by 16.1% in the first quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider’s stock worth $467,741,000 after buying an additional 646,000 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Ameren by 51.7% during the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock worth $359,069,000 after buying an additional 1,218,509 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of 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 buying an additional 151,808 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Ameren Stock Up 1.1%

Shares of AEE stock opened at $105.36 on Thursday. Ameren Corporation has a twelve month low of $85.27 and a twelve month high of $105.67. The stock has a market cap of $28.49 billion, a P/E ratio of 23.16, a P/E/G ratio of 2.62 and a beta of 0.49. The stock has a 50 day moving average of $101.41 and a 200 day moving average of $98.77. 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) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the company earned $0.97 EPS. The business’s revenue was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, sell-side analysts expect that Ameren Corporation will post 4.93 EPS for the current 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 paid a dividend of $0.71 per share. 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 dividend payout ratio is presently 62.42%.

Insider Activity

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the sale, the senior vice president directly owned 9,129 shares in the company, valued at $929,240.91. This trade represents a 9.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AEE shares. 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 note on Wednesday, June 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Ameren in a research note on Wednesday, October 8th. Morgan Stanley dropped 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. UBS Group increased their price target 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, KeyCorp lifted their price objective on shares of Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.38.

Ameren 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.