Wealthfront Advisers LLC Sells 7,516 Shares of Ameren Corporation $AEE

Wealthfront Advisers LLC cut its holdings in Ameren Corporation (NYSE:AEE) by 9.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,273 shares of the utilities provider’s stock after selling 7,516 shares during the quarter. Wealthfront Advisers LLC’s holdings in Ameren were worth $6,653,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Ameren in the 1st quarter valued at approximately $25,000. Fortitude Family Office LLC boosted its position in Ameren by 600.0% in the second quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock valued at $33,000 after buying an additional 294 shares in the last quarter. SouthState Corp bought a new stake in shares of Ameren during the first quarter worth $34,000. Ameritas Advisory Services LLC acquired a new position in shares of Ameren during the second quarter worth $34,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Ameren by 586.9% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Ameren Trading Up 0.5%

Shares of AEE stock opened at $104.78 on Tuesday. The firm has a market cap of $28.33 billion, a P/E ratio of 23.03, a PEG ratio of 2.62 and a beta of 0.49. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $102.00 and a 200-day moving average of $99.21. Ameren Corporation has a 12-month low of $85.27 and a 12-month high of $106.73.

Ameren (NYSE:AEE) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the business earned $0.97 earnings per share. Ameren’s revenue was up 31.2% compared to the same quarter last year. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Sell-side analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The business 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 dividend of $0.71 per share. The ex-dividend date 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%.

Insider Activity

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were 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 in the company, valued at approximately $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

AEE has been the topic of a number of research reports. Morgan Stanley boosted their price objective on Ameren from $104.00 to $111.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada began coverage on Ameren in a research note on Monday. They issued a “sector perform” rating and a $119.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Ameren in a research report on Monday. They set an “overweight” rating and a $112.00 target price on the stock. UBS Group upped their price target on shares of Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, Barclays set a $113.00 price target on shares of Ameren in a report on Tuesday, October 21st. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Ameren has an average rating of “Moderate Buy” and a consensus price target of $110.20.

Ameren Company 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.