Bessemer Group Inc. Has $269.27 Million Stake in Ameren Corporation $AEE

Bessemer Group Inc. lowered its stake in shares of Ameren Corporation (NYSE:AEE) by 0.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,803,741 shares of the utilities provider’s stock after selling 12,146 shares during the period. Bessemer Group Inc. owned approximately 1.04% of Ameren worth $269,272,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Focus Partners Wealth boosted its stake in Ameren by 10.0% during the 1st quarter. Focus Partners Wealth now owns 34,201 shares of the utilities provider’s stock valued at $3,434,000 after purchasing an additional 3,112 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Ameren by 61.6% in the 1st quarter. Intech Investment Management LLC now owns 22,605 shares of the utilities provider’s stock worth $2,270,000 after buying an additional 8,618 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of Ameren in the 1st quarter worth approximately $897,000. Goldman Sachs Group Inc. boosted its stake in shares of Ameren by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider’s stock worth $283,636,000 after buying an additional 151,808 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of Ameren in the 1st quarter worth approximately $13,552,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

Analyst Ratings Changes

AEE has been the topic of a number of research analyst reports. UBS Group boosted 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. Morgan Stanley boosted their target price on Ameren from $104.00 to $111.00 and gave the stock an “outperform” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ameren in a report on Friday. KeyCorp lifted their price target on shares of Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Finally, Barclays set a $113.00 price target on shares of Ameren in a report on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.63.

Insider Transactions at Ameren

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $101.79, for a total transaction of $101,790.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is owned by insiders.

Ameren Trading Down 0.0%

Shares of AEE stock opened at $104.28 on Monday. The company’s fifty day simple moving average is $101.90 and its two-hundred day simple moving average is $99.15. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. Ameren Corporation has a 1 year low of $85.27 and a 1 year high of $106.73. The stock has a market capitalization of $28.20 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.62 and a beta of 0.49.

Ameren (NYSE:AEE) last issued its earnings results 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 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 in the previous year, the firm posted $0.97 EPS. The business’s revenue for the quarter 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, analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The firm 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 dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. Ameren’s payout ratio is presently 62.42%.

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.