Mutual Advisors LLC Boosts Position in Ameren Corporation $AEE

Mutual Advisors LLC boosted its position in shares of Ameren Corporation (NYSE:AEE) by 41.4% during the second quarter, Holdings Channel reports. The firm owned 28,504 shares of the utilities provider’s stock after buying an additional 8,351 shares during the quarter. Mutual Advisors LLC’s holdings in Ameren were worth $2,853,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Ameren during the first quarter worth $25,000. Fortitude Family Office LLC boosted its stake in shares of 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 acquiring an additional 294 shares during the last quarter. SouthState Corp acquired a new stake in shares of Ameren during the first quarter valued at $34,000. Ameritas Advisory Services LLC acquired a new stake in shares of Ameren during the second quarter valued at $34,000. Finally, ORG Partners LLC boosted its stake in shares of 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 acquiring an additional 149 shares during the last quarter. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AEE. The Goldman Sachs Group raised Ameren from a “sell” rating to a “neutral” rating and increased their price objective for the company from $91.00 to $100.00 in a research note on Wednesday, June 25th. Barclays decreased their price objective 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. KeyCorp increased their price objective on Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ameren in a research note on Wednesday, October 8th. Finally, UBS Group increased their target price on Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Ameren presently has an average rating of “Moderate Buy” and a consensus target price of $106.38.

Ameren Stock Performance

Shares of NYSE:AEE opened at $105.12 on Friday. The firm has a market capitalization of $28.43 billion, a PE ratio of 23.10, a P/E/G ratio of 2.65 and a beta of 0.49. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. The business has a 50-day moving average of $101.46 and a two-hundred day moving average of $98.80. Ameren Corporation has a 12 month low of $85.27 and a 12 month high of $106.23.

Ameren (NYSE:AEE) last announced its quarterly 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. The company had revenue of $2.22 billion during 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 was up 31.2% on a year-over-year basis. During the same period 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. As a group, research analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

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

Insider Buying and Selling

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company’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 completion of the sale, the senior vice president directly owned 9,129 shares in the company, 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 SEC, which is available through this hyperlink. 0.42% of the stock is owned by corporate insiders.

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.