Sumitomo Mitsui Trust Group Inc. Has $62.75 Million Stake in Ameren Corporation $AEE

Sumitomo Mitsui Trust Group Inc. boosted its position in Ameren Corporation (NYSE:AEE) by 2.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 653,324 shares of the utilities provider’s stock after buying an additional 15,816 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Ameren worth $62,745,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AEE. GAMMA Investing LLC boosted its holdings in Ameren by 19.7% during the 1st quarter. GAMMA Investing LLC now owns 7,986 shares of the utilities provider’s stock worth $802,000 after acquiring an additional 1,312 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Ameren by 6.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,926 shares of the utilities provider’s stock valued at $1,699,000 after purchasing an additional 963 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Ameren by 20.9% in the first quarter. Oppenheimer & Co. Inc. now owns 6,338 shares of the utilities provider’s stock valued at $636,000 after purchasing an additional 1,096 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Ameren by 8.9% in the first quarter. Sequoia Financial Advisors LLC now owns 8,589 shares of the utilities provider’s stock valued at $862,000 after purchasing an additional 702 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Ameren by 18.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,783 shares of the utilities provider’s stock worth $2,870,000 after acquiring an additional 4,416 shares during the period. 79.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley upped 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. UBS Group upped their price objective on shares of Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 11th. KeyCorp increased their price target on shares of Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Barclays set a $113.00 price objective on Ameren in a research note on Tuesday, October 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Ameren in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.63.

Insider Activity at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company’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 completion of the sale, the senior vice president owned 9,129 shares in the company, valued at approximately $929,240.91. This represents a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is owned by insiders.

Ameren Price Performance

Shares of NYSE:AEE opened at $104.28 on Monday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. The firm 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 business has a 50-day simple moving average of $101.90 and a two-hundred day simple moving average of $99.15. Ameren Corporation has a fifty-two week low of $85.27 and a fifty-two week high of $106.73.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. The firm 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 business’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, analysts expect that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be issued 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 presently 62.42%.

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.