Ameren Corporation $AEE Shares Purchased by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in Ameren Corporation (NYSE:AEE) by 43.3% in the second quarter, HoldingsChannel.com reports. The firm owned 160,726 shares of the utilities provider’s stock after acquiring an additional 48,543 shares during the period. TD Asset Management Inc’s holdings in Ameren were worth $15,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AEE. Nuveen LLC acquired a new position in Ameren in the first quarter worth $241,496,000. Price T Rowe Associates Inc. MD lifted its stake in Ameren by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider’s stock valued at $2,851,821,000 after buying an additional 1,355,848 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Ameren by 51.7% in the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock valued at $359,069,000 after buying an additional 1,218,509 shares during the last quarter. Vanguard Group Inc. lifted its stake in Ameren by 2.9% in the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock valued at $3,445,138,000 after buying an additional 979,928 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Ameren by 16.1% in the first quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider’s stock valued at $467,741,000 after buying an additional 646,000 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AEE shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameren in a research note on Wednesday, October 8th. KeyCorp raised their target price on Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday. UBS Group raised their target price on Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, July 11th. 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 note on Thursday, July 10th. Finally, The Goldman Sachs Group upgraded shares of Ameren from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $91.00 to $100.00 in a research note on Wednesday, June 25th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.38.

Insiders Place Their Bets

In related 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 transaction, the senior vice president 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Ameren Price Performance

Shares of Ameren stock opened at $105.46 on Friday. 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 $101.54 and its two-hundred day moving average price is $98.82. Ameren Corporation has a 52 week low of $85.27 and a 52 week high of $106.23. The stock has a market cap of $28.52 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.65 and a beta of 0.49.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.82 billion. During the same period in the previous year, the business earned $0.97 earnings per share. Ameren’s revenue for the quarter was up 31.2% compared to the same quarter last year. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, sell-side analysts anticipate that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $2.84 dividend on an annualized basis and a 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.