Keb Asset Management LLC Sells 602 Shares of Ameren Corporation $AEE

Keb Asset Management LLC decreased its position in Ameren Corporation (NYSE:AEE) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,460 shares of the utilities provider’s stock after selling 602 shares during the quarter. Keb Asset Management LLC’s holdings in Ameren were worth $1,197,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. bought a new position in Ameren during the first quarter valued at about $25,000. Fortitude Family Office LLC grew 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 buying an additional 294 shares during the period. SouthState Corp bought a new position in Ameren during the first quarter valued at about $34,000. Ameritas Advisory Services LLC bought a new position in Ameren during the second quarter valued at about $34,000. Finally, ORG Partners LLC grew its position in Ameren by 74.5% during the first quarter. ORG Partners LLC now owns 349 shares of the utilities provider’s stock valued at $35,000 after buying an additional 149 shares during the period. Institutional investors own 79.09% of the company’s stock.

Ameren Trading Up 0.7%

Shares of Ameren stock opened at $103.66 on Friday. Ameren Corporation has a 12-month low of $85.27 and a 12-month high of $104.52. The company has a market cap of $28.03 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.64 and a beta of 0.49. 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’s 50-day moving average price is $100.92 and its 200-day moving average price is $98.50.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) 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 firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities analysts expect that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 9th. Ameren’s dividend payout ratio is presently 62.42%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AEE shares. UBS Group increased their price target on shares of Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 11th. The Goldman Sachs Group raised shares of Ameren from a “sell” rating to a “neutral” rating and upped their price objective for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. KeyCorp set a $104.00 price objective on shares of Ameren and gave the company an “overweight” rating in a report on Wednesday, July 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ameren in a report on Saturday, September 27th. 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 report 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.75.

Insider Activity

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the 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 sale, the senior vice president directly owned 9,129 shares of the company’s stock, valued at approximately $929,240.91. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

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.