Allspring Global Investments Holdings LLC Has $15.60 Million Stock Holdings in Ameren Corporation $AEE

Allspring Global Investments Holdings LLC boosted its stake in shares of Ameren Corporation (NYSE:AEE) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 161,877 shares of the utilities provider’s stock after purchasing an additional 265 shares during the period. Allspring Global Investments Holdings LLC owned 0.06% of Ameren worth $15,603,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in Ameren in the first quarter valued at approximately $241,496,000. Price T Rowe Associates Inc. MD raised its stake in 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 valued at $2,851,821,000 after buying an additional 1,355,848 shares during the period. Alliancebernstein L.P. raised its stake in Ameren by 51.7% in the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock valued at $359,069,000 after buying an additional 1,218,509 shares during the period. Vanguard Group Inc. raised its stake in Ameren by 2.9% in the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock valued at $3,445,138,000 after buying an additional 979,928 shares during the period. Finally, Invesco Ltd. raised its stake in Ameren by 16.1% in the first quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider’s stock valued at $467,741,000 after buying an additional 646,000 shares during the period. 79.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Ameren in a research note on Wednesday, October 8th. KeyCorp upped their price objective on Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group upgraded Ameren from a “sell” rating to a “neutral” rating and increased their target price for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Barclays lowered their target price 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. 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 note on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Ameren currently has a consensus rating of “Moderate Buy” and an average target price of $106.38.

Insider Buying and Selling

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the transaction, the senior vice president 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 company insiders.

Ameren Price Performance

Ameren stock opened at $105.46 on Friday. The stock’s fifty day moving average price is $101.54 and its two-hundred day moving average price is $98.84. Ameren Corporation has a one year low of $85.27 and a one year high of $106.23. 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 firm has a market cap of $28.52 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.64 and a beta of 0.49.

Ameren (NYSE:AEE) last posted 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 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 analyst estimates of $1.82 billion. During the same quarter last year, the company earned $0.97 EPS. The company’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, research analysts expect that Ameren Corporation will post 4.93 EPS for the current fiscal 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 paid 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 is Tuesday, December 9th. Ameren’s dividend payout ratio (DPR) is 62.42%.

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.