Allspring Global Investments Holdings LLC Has $15.60 Million Stock Holdings in Ameren Corporation $AEE

Allspring Global Investments Holdings LLC raised its holdings in Ameren Corporation (NYSE:AEE) by 0.2% during the second quarter, HoldingsChannel reports. The firm owned 161,877 shares of the utilities provider’s stock after acquiring an additional 265 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ameren were worth $15,603,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of AEE. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Ameren in the 1st quarter valued at $25,000. Fortitude Family Office LLC boosted its holdings in shares of Ameren by 600.0% during the 2nd quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 294 shares in the last quarter. SouthState Corp acquired a new stake in shares of Ameren during the 1st quarter valued at $34,000. Ameritas Advisory Services LLC acquired a new stake in shares of Ameren during the 2nd quarter valued at $34,000. Finally, ORG Partners LLC boosted its holdings in shares of Ameren by 74.5% during the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 149 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 news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.42% of the company’s stock.

Ameren Stock Performance

AEE stock opened at $105.46 on Friday. The stock has a 50-day moving average price of $101.54 and a 200-day moving average price of $98.84. Ameren Corporation has a 1-year low of $85.27 and a 1-year high of $106.23. 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 firm has a market cap of $28.52 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.64 and a beta of 0.49.

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

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be given a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. Ameren’s dividend payout ratio (DPR) is 62.42%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AEE shares. KeyCorp raised their price objective on Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday. The Goldman Sachs Group raised Ameren from a “sell” rating to a “neutral” rating and raised their price objective for the company from $91.00 to $100.00 in a 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 reaffirmed a “buy (b-)” rating on shares of Ameren in a research report on Wednesday, October 8th. Finally, Morgan Stanley lowered their target price on Ameren from $105.00 to $104.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Ameren presently has an average rating of “Moderate Buy” and a consensus price target of $106.38.

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.