TD Asset Management Inc Boosts Position in Ameren Corporation $AEE

TD Asset Management Inc boosted its holdings in Ameren Corporation (NYSE:AEE) by 43.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 160,726 shares of the utilities provider’s stock after buying an additional 48,543 shares during the period. TD Asset Management Inc owned approximately 0.06% of Ameren worth $15,436,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Focus Partners Wealth raised its holdings in Ameren by 10.0% in the first quarter. Focus Partners Wealth now owns 34,201 shares of the utilities provider’s stock valued at $3,434,000 after buying an additional 3,112 shares during the period. Intech Investment Management LLC raised its stake in shares of 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 period. J.W. Cole Advisors Inc. purchased a new stake in shares of Ameren during the first quarter valued at approximately $897,000. Goldman Sachs Group Inc. raised its stake 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 purchasing an additional 151,808 shares during the period. Finally, Allianz Asset Management GmbH purchased a new stake in shares of Ameren during the first quarter valued at approximately $13,552,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. 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. UBS Group lifted their price objective on shares of Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Barclays dropped their price objective on shares of Ameren from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. The Goldman Sachs Group upgraded shares of Ameren from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $91.00 to $100.00 in a research note on Wednesday, June 25th. Finally, Morgan Stanley dropped their price objective on shares of Ameren from $105.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.38.

Ameren Stock Up 0.2%

AEE stock opened at $105.46 on Friday. Ameren Corporation has a twelve month low of $85.27 and a twelve month high of $106.23. 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 company has a market capitalization of $28.52 billion, a P/E ratio of 23.18, a PEG ratio of 2.65 and a beta of 0.49. The firm has a 50 day simple moving average of $101.54 and a 200-day simple moving average of $98.82.

Ameren (NYSE:AEE) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share 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 during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company earned $0.97 earnings per share. The business’s quarterly 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. On average, equities research analysts predict that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be issued a $0.71 dividend. 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 currently 62.42%.

Insider Buying and Selling

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $101.79, for a total value of $101,790.00. Following the completion of the transaction, the senior vice president owned 9,129 shares of the company’s stock, valued at $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.42% of the stock is currently owned by corporate insiders.

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.