CVA Family Office LLC Sells 139 Shares of Ameren Corporation $AEE

CVA Family Office LLC decreased its stake in shares of Ameren Corporation (NYSE:AEE) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,678 shares of the utilities provider’s stock after selling 139 shares during the quarter. CVA Family Office LLC’s holdings in Ameren were worth $257,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Ameren in the first quarter valued at approximately $25,000. Fortitude Family Office LLC raised its position in 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 purchasing an additional 294 shares in the last quarter. SouthState Corp purchased a new stake in shares of Ameren in the 1st quarter worth $34,000. Ameritas Advisory Services LLC purchased a new position in shares of Ameren during the second quarter valued at $34,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Ameren by 586.9% in the first quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 358 shares in the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Stock Down 0.0%

Shares of AEE stock opened at $104.28 on Friday. The stock’s fifty day moving average price is $101.90 and its 200 day moving average price is $99.13. Ameren Corporation has a 1-year low of $85.27 and a 1-year high of $106.73. The company has a market cap of $28.20 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 2.62 and a beta of 0.49. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56.

Ameren (NYSE:AEE) last issued its quarterly earnings results 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 business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company earned $0.97 earnings per share. The company’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. On average, research analysts expect that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be paid a dividend of $0.71 per share. The ex-dividend date 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 is presently 62.42%.

Insider Activity

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction on Friday, August 22nd. The shares were 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 in the company, valued at approximately $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

AEE has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Ameren in a research report on Friday. Barclays set a $113.00 target price on Ameren in a research report on Tuesday. UBS Group upped their price objective on Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. KeyCorp lifted their target price on Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Morgan Stanley boosted their target price on shares of Ameren from $104.00 to $111.00 and gave the stock an “outperform” rating in a report on Wednesday. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Ameren presently has a consensus rating of “Moderate Buy” and an average price target of $108.63.

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.