D.A. Davidson & CO. Sells 103 Shares of Ameren Corporation $AEE

D.A. Davidson & CO. decreased its position in Ameren Corporation (NYSE:AEE) by 0.3% during the second quarter, HoldingsChannel.com reports. The fund owned 37,743 shares of the utilities provider’s stock after selling 103 shares during the quarter. D.A. Davidson & CO.’s holdings in Ameren were worth $3,625,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Crews Bank & Trust increased its stake in Ameren by 6.3% in the 2nd quarter. Crews Bank & Trust now owns 1,728 shares of the utilities provider’s stock worth $166,000 after acquiring an additional 103 shares during the last quarter. Powers Advisory Group LLC increased its position in shares of Ameren by 4.2% during the 2nd quarter. Powers Advisory Group LLC now owns 2,716 shares of the utilities provider’s stock valued at $261,000 after purchasing an additional 110 shares during the last quarter. Whittier Trust Co. increased its position in shares of Ameren by 29.6% during the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 114 shares during the last quarter. HighPoint Advisor Group LLC increased its position in shares of Ameren by 3.1% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,172 shares of the utilities provider’s stock valued at $414,000 after purchasing an additional 125 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in shares of Ameren by 5.3% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,741 shares of the utilities provider’s stock valued at $275,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.

Insider Buying and Selling at Ameren

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the completion of the sale, the senior vice president directly owned 9,129 shares in the company, valued at approximately $929,240.91. This represents a 9.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AEE. KeyCorp boosted their target price on Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. UBS Group boosted 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 reissued a “buy (b-)” rating on shares of Ameren in a research report on Friday. Barclays set a $113.00 target price on Ameren in a research report on Tuesday. Finally, Morgan Stanley boosted their target price on Ameren from $104.00 to $111.00 and gave the company an “outperform” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.63.

Ameren Price Performance

AEE opened at $104.28 on Friday. The business has a fifty day moving average of $101.90 and a 200 day moving average of $99.10. Ameren Corporation has a 52-week low of $85.27 and a 52-week high of $106.73. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. The stock has a market cap of $28.20 billion, a P/E ratio of 22.92, a PEG ratio of 2.62 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 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business earned $0.97 EPS. Ameren’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. As a group, sell-side analysts anticipate 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. Shareholders 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 is Tuesday, December 9th. Ameren’s dividend payout ratio is currently 62.42%.

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.