Wealthfront Advisers LLC Sells 7,516 Shares of Ameren Corporation $AEE

Wealthfront Advisers LLC lowered its holdings in Ameren Corporation (NYSE:AEE) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,273 shares of the utilities provider’s stock after selling 7,516 shares during the period. Wealthfront Advisers LLC’s holdings in Ameren were worth $6,653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEE. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Ameren in the 1st quarter valued at about $25,000. Fortitude Family Office LLC boosted its position in 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 purchasing an additional 294 shares during the last quarter. SouthState Corp bought a new position in Ameren in the first quarter valued at approximately $34,000. Ameritas Advisory Services LLC acquired a new position in shares of Ameren during the 2nd quarter worth approximately $34,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of Ameren by 586.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 358 shares in the last quarter. 79.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AEE has been the topic of a number of recent analyst reports. Barclays set a $113.00 target price on shares of Ameren in a report on Tuesday, October 21st. Royal Bank Of Canada started coverage on shares of Ameren in a report on Monday. They issued a “sector perform” rating and a $119.00 target price on the stock. KeyCorp lifted their price target on Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Morgan Stanley upped their price objective on Ameren from $104.00 to $111.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Mizuho raised their price objective on Ameren from $108.00 to $114.00 and gave the company an “outperform” rating in a research report on Monday. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $110.20.

Ameren Trading Up 0.5%

Shares of Ameren stock opened at $104.78 on Tuesday. Ameren Corporation has a 52-week low of $85.27 and a 52-week high of $106.73. The stock has a market cap of $28.33 billion, a PE ratio of 23.03, a PEG ratio of 2.62 and a beta of 0.49. The firm has a 50-day moving average of $102.00 and a 200-day moving average of $99.21. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The firm’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, sell-side analysts forecast that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be paid 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 62.42%.

Insider Transactions at Ameren

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $101.79, for a total value of $101,790.00. Following the transaction, the senior vice president directly owned 9,129 shares of the company’s stock, valued at $929,240.91. This trade represents a 9.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is owned by 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.