111 Capital Invests $652,000 in Ameren Corporation $AEE

111 Capital purchased a new stake in shares of Ameren Corporation (NYSE:AEE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,792 shares of the utilities provider’s stock, valued at approximately $652,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Crews Bank & Trust raised its holdings in Ameren by 6.3% during the 2nd quarter. Crews Bank & Trust now owns 1,728 shares of the utilities provider’s stock valued at $166,000 after buying an additional 103 shares during the period. Powers Advisory Group LLC raised its holdings in Ameren by 4.2% during the 2nd quarter. Powers Advisory Group LLC now owns 2,716 shares of the utilities provider’s stock valued at $261,000 after buying an additional 110 shares during the period. Whittier Trust Co. raised its holdings in Ameren by 29.6% during the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider’s stock valued at $50,000 after buying an additional 114 shares during the period. HighPoint Advisor Group LLC raised its holdings in Ameren by 3.1% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,172 shares of the utilities provider’s stock valued at $414,000 after buying an additional 125 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Ameren by 0.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,963 shares of the utilities provider’s stock valued at $1,423,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Insider Buying and Selling

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the transaction, the senior vice president directly owned 9,129 shares in the company, valued at $929,240.91. This trade represents a 9.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AEE has been the topic of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Ameren in a report on Saturday, September 27th. The Goldman Sachs Group raised Ameren from a “sell” rating to a “neutral” rating and raised their price target for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Barclays decreased their price target on Ameren from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Morgan Stanley decreased their price target on Ameren from $105.00 to $104.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, KeyCorp set a $104.00 price target on Ameren and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Ameren Trading Up 0.7%

AEE opened at $103.66 on Friday. The stock’s fifty day moving average is $100.92 and its two-hundred day moving average is $98.48. The company has a market capitalization of $28.03 billion, a P/E ratio of 22.78, a PEG ratio of 2.66 and a beta of 0.49. Ameren Corporation has a 52 week low of $85.27 and a 52 week high of $104.52. 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 (NYSE:AEE) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.Ameren’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, September 9th. Ameren’s dividend payout ratio (DPR) is presently 62.42%.

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.