Intech Investment Management LLC Increases Stake in Ameren Corporation $AEE

Intech Investment Management LLC raised its holdings in shares of Ameren Corporation (NYSE:AEE) by 61.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,605 shares of the utilities provider’s stock after buying an additional 8,618 shares during the quarter. Intech Investment Management LLC’s holdings in Ameren were worth $2,270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Focus Partners Wealth boosted its position in Ameren by 10.0% during the first quarter. Focus Partners Wealth now owns 34,201 shares of the utilities provider’s stock worth $3,434,000 after acquiring an additional 3,112 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Ameren by 5.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,262,092 shares of the utilities provider’s stock valued at $126,714,000 after acquiring an additional 61,695 shares in the last quarter. Woodline Partners LP grew its stake in Ameren by 42.2% during the 1st quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock valued at $2,289,000 after acquiring an additional 6,772 shares in the last quarter. Yaupon Capital Management LP grew its stake in Ameren by 9.7% during the 1st quarter. Yaupon Capital Management LP now owns 256,302 shares of the utilities provider’s stock valued at $25,733,000 after acquiring an additional 22,602 shares in the last quarter. Finally, Zimmer Partners LP grew its stake in Ameren by 6.8% during the 1st quarter. Zimmer Partners LP now owns 1,103,383 shares of the utilities provider’s stock valued at $110,780,000 after acquiring an additional 70,164 shares in the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Price Performance

Shares of Ameren stock opened at $100.58 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $27.20 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 2.59 and a beta of 0.47. The business’s 50-day moving average price is $99.95 and its 200-day moving average price is $98.29. Ameren Corporation has a 12 month low of $82.95 and a 12 month high of $104.10.

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

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 9th. Ameren’s dividend payout ratio (DPR) is presently 62.42%.

Insider Transactions at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Ameren from a “sell” rating to a “neutral” rating and upped their price objective for the company from $91.00 to $100.00 in a research note on Wednesday, June 25th. Barclays dropped their price objective on shares of 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 reissued an “outperform” rating on shares of Ameren in a research note on Thursday, August 21st. KeyCorp set a $104.00 price target on shares of Ameren and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Finally, UBS Group increased their price target on shares of Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.33.

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.