US Bancorp DE Purchases 1,619 Shares of Ameren Corporation $AEE

US Bancorp DE lifted its position in Ameren Corporation (NYSE:AEE) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 102,923 shares of the utilities provider’s stock after buying an additional 1,619 shares during the period. US Bancorp DE’s holdings in Ameren were worth $9,885,000 as of its most recent SEC filing.

Other hedge funds and 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 shares of Ameren in the first quarter worth approximately $25,000. SouthState Corp bought a new position in shares of Ameren in the first quarter worth approximately $34,000. Fortitude Family Office LLC lifted its stake in shares of Ameren by 600.0% in the second quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock worth $33,000 after buying an additional 294 shares in the last quarter. ORG Partners LLC lifted 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 purchasing an additional 149 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in Ameren during the second quarter valued at approximately $34,000. Institutional investors own 79.09% of the company’s stock.

Ameren Stock Up 0.5%

Shares of AEE stock opened at $103.50 on Friday. Ameren Corporation has a 12 month low of $85.27 and a 12 month high of $105.67. The stock has a market cap of $27.99 billion, a P/E ratio of 22.75, a P/E/G ratio of 2.61 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 has a 50 day simple moving average of $101.28 and a two-hundred day simple moving average of $98.66.

Ameren (NYSE:AEE) last announced its earnings results on Thursday, July 31st. The utilities provider reported $1.01 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 during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The firm’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 expect that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend yield of 2.7%. Ameren’s dividend payout ratio (DPR) is presently 62.42%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AEE shares. UBS Group increased their price objective 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. Barclays lowered their price objective on shares of Ameren from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Morgan Stanley lowered their price objective on shares of Ameren from $105.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. KeyCorp set a $104.00 price objective on shares of Ameren and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, The Goldman Sachs Group upgraded shares of Ameren from a “sell” rating to a “neutral” rating and increased their price objective for the company from $91.00 to $100.00 in a research report on Wednesday, June 25th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Insider Activity

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction on Friday, August 22nd. The shares were 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 of the company’s stock, valued at $929,240.91. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by company 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.