Wedmont Private Capital Acquires New Shares in Ameren Corporation $AEE

Wedmont Private Capital acquired a new stake in Ameren Corporation (NYSE:AEE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,574 shares of the utilities provider’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Ameren during the 1st quarter worth about $25,000. SouthState Corp acquired a new position in shares of Ameren during the 1st quarter worth about $34,000. ORG Partners LLC boosted its stake in shares of Ameren by 74.5% during the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after buying an additional 149 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Ameren by 586.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider’s stock worth $41,000 after buying an additional 358 shares during the last quarter. Finally, Whittier Trust Co. lifted its stake in Ameren by 29.6% in the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 114 shares during the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business’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 transaction, the senior vice president owned 9,129 shares in the company, valued at $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by insiders.

Ameren Price Performance

Shares of NYSE:AEE opened at $99.13 on Monday. The firm has a market cap of $26.81 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 2.55 and a beta of 0.47. The firm’s fifty day moving average is $100.20 and its 200-day moving average is $98.26. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. Ameren Corporation has a 52 week low of $83.91 and a 52 week high of $104.10.

Ameren (NYSE:AEE) last issued 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 company had revenue of $2.22 billion for 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%. Ameren’s revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Sell-side analysts predict that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be issued a $0.71 dividend. The ex-dividend date is Tuesday, September 9th. This represents a $2.84 annualized dividend and a yield of 2.9%. Ameren’s payout ratio is presently 62.42%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays cut their target price 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 reiterated an “outperform” rating on shares of Ameren in a research note on Thursday, August 21st. UBS Group raised their target price 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. KeyCorp set a $104.00 target price on shares of Ameren and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group raised shares of Ameren from a “sell” rating to a “neutral” rating and increased their price target for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $105.25.

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.