Ameren Corporation $AEE Shares Sold by Eastern Bank

Eastern Bank lowered its stake in Ameren Corporation (NYSE:AEE) by 7.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,921 shares of the utilities provider’s stock after selling 744 shares during the period. Eastern Bank’s holdings in Ameren were worth $953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Crews Bank & Trust raised its position in Ameren by 6.3% in the 2nd quarter. Crews Bank & Trust now owns 1,728 shares of the utilities provider’s stock valued at $166,000 after purchasing an additional 103 shares in the last quarter. Powers Advisory Group LLC raised 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 worth $261,000 after acquiring an additional 110 shares in the last quarter. Whittier Trust Co. raised 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 worth $50,000 after acquiring an additional 114 shares in the last quarter. HighPoint Advisor Group LLC raised 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 worth $414,000 after acquiring an additional 125 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised 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 worth $275,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds 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 Ameren stock in a transaction that occurred 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 transaction, the senior vice president directly owned 9,129 shares in the company, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AEE shares. KeyCorp set a $104.00 target price on Ameren and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group raised Ameren from a “sell” rating to a “neutral” rating and raised their target price for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. UBS Group raised their target price on Ameren from $111.00 to $114.00 and gave the stock 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 Wednesday. Finally, Barclays cut their target price on Ameren from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $105.75.

Ameren Trading Up 0.5%

NYSE:AEE opened at $103.50 on Friday. The stock’s 50 day moving average price is $101.28 and its 200 day moving average price is $98.66. The company has a market capitalization of $27.99 billion, a PE ratio of 22.75, a P/E/G ratio of 2.61 and a beta of 0.49. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. Ameren Corporation has a 52-week low of $85.27 and a 52-week high of $105.67.

Ameren (NYSE:AEE) last announced its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share 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 company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $0.97 EPS. The company’s revenue 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, research analysts anticipate that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. Ameren’s dividend payout ratio (DPR) is currently 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.