Exchange Traded Concepts LLC Has $895,000 Holdings in Ameren Corporation $AEE

Exchange Traded Concepts LLC lifted its stake in Ameren Corporation (NYSE:AEE) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,322 shares of the utilities provider’s stock after buying an additional 225 shares during the period. Exchange Traded Concepts LLC’s holdings in Ameren were worth $895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Whittier Trust Co. increased its position in Ameren by 29.6% in the first quarter. Whittier Trust Co. now owns 499 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 114 shares during the period. HighPoint Advisor Group LLC lifted its holdings in shares of 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 purchasing an additional 125 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 131 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of Ameren by 5.3% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,741 shares of the utilities provider’s stock valued at $275,000 after purchasing an additional 138 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in Ameren by 2.7% in the 1st quarter. Atria Wealth Solutions Inc. now owns 5,236 shares of the utilities provider’s stock valued at $526,000 after acquiring an additional 139 shares in the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the completion of the sale, the senior vice president owned 9,129 shares of the company’s stock, valued at approximately $929,240.91. This represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AEE. Morgan Stanley reiterated an “outperform” rating on shares of Ameren in a research note on Thursday, August 21st. UBS Group upped their price objective on Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 11th. Barclays reduced their target price on Ameren from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. KeyCorp set a $104.00 target price on Ameren and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, The Goldman Sachs Group upgraded Ameren from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.25.

Ameren Trading Up 1.7%

Shares of AEE stock opened at $100.82 on Wednesday. The stock has a market cap of $27.26 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.54 and a beta of 0.47. The stock has a 50-day moving average of $100.36 and a 200-day moving average of $98.28. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51. Ameren Corporation has a 1-year low of $84.77 and a 1-year high of $104.10.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The business’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities research analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

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

Ameren 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.