NorthRock Partners LLC Raises Stock Position in Ameren Corporation $AEE

NorthRock Partners LLC raised its stake in shares of Ameren Corporation (NYSE:AEE) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,046 shares of the utilities provider’s stock after purchasing an additional 387 shares during the period. NorthRock Partners LLC’s holdings in Ameren were worth $581,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Envestnet Portfolio Solutions Inc. lifted its stake in Ameren by 37.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 64,888 shares of the utilities provider’s stock valued at $6,232,000 after buying an additional 17,788 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Ameren by 10.1% during the second quarter. Sequoia Financial Advisors LLC now owns 9,455 shares of the utilities provider’s stock valued at $908,000 after acquiring an additional 866 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of Ameren by 0.8% in the second quarter. Yousif Capital Management LLC now owns 42,142 shares of the utilities provider’s stock valued at $4,047,000 after acquiring an additional 347 shares in the last quarter. SPC Financial Inc. acquired a new stake in shares of Ameren in the second quarter worth approximately $239,000. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Ameren by 14.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,600 shares of the utilities provider’s stock worth $2,651,000 after purchasing an additional 3,412 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Price Performance

Shares of AEE stock opened at $105.36 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. The company has a market capitalization of $28.49 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 2.62 and a beta of 0.49. The firm’s 50-day moving average is $101.41 and its two-hundred day moving average is $98.77. Ameren Corporation has a 12 month low of $85.27 and a 12 month high of $105.67.

Ameren (NYSE:AEE) last posted its quarterly 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. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The business’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Analysts predict that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, December 9th. Ameren’s dividend payout ratio is 62.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AEE shares. UBS Group raised their price objective on Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 11th. Morgan Stanley decreased their price target on shares of Ameren from $105.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Ameren in a research report on Wednesday, October 8th. Barclays cut their price objective on shares of Ameren from $104.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, July 10th. Finally, KeyCorp boosted their target price on Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $106.38.

Insider Buying and Selling at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction 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 approximately $929,240.91. This trade represents a 9.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

About Ameren

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.