Bessemer Group Inc. Sells 12,146 Shares of Ameren Corporation $AEE

Bessemer Group Inc. lowered its position in Ameren Corporation (NYSE:AEE) by 0.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,803,741 shares of the utilities provider’s stock after selling 12,146 shares during the period. Bessemer Group Inc.’s holdings in Ameren were worth $269,272,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Focus Partners Wealth increased its holdings in shares of Ameren by 10.0% in the first quarter. Focus Partners Wealth now owns 34,201 shares of the utilities provider’s stock worth $3,434,000 after purchasing an additional 3,112 shares during the period. Intech Investment Management LLC grew its position in Ameren by 61.6% in the first quarter. Intech Investment Management LLC now owns 22,605 shares of the utilities provider’s stock worth $2,270,000 after acquiring an additional 8,618 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in Ameren in the first quarter worth $897,000. Goldman Sachs Group Inc. grew its position in Ameren by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider’s stock worth $283,636,000 after acquiring an additional 151,808 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in Ameren in the first quarter worth $13,552,000. Institutional investors own 79.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AEE. Barclays set a $113.00 target price on shares of Ameren in a research report on Tuesday, October 21st. KeyCorp upped their target price on shares of Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. UBS Group upped their target price on shares of Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Morgan Stanley upped their price target on shares of Ameren from $104.00 to $111.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Ameren in a research report on Friday. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Ameren has an average rating of “Moderate Buy” and a consensus target price of $108.63.

Ameren Stock Performance

NYSE AEE opened at $104.28 on Monday. The company has a 50-day simple moving average of $101.90 and a two-hundred day simple moving average of $99.15. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. Ameren Corporation has a 12-month low of $85.27 and a 12-month high of $106.73. The firm has a market cap of $28.20 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.62 and a beta of 0.49.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) 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 analyst estimates of $1.82 billion. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The company’s revenue was up 31.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities analysts forecast that Ameren Corporation will post 4.93 EPS 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 dividend of $0.71 per share. 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%.

Insider Activity at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president directly owned 9,129 shares of the company’s stock, valued at approximately $929,240.91. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% 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.