Ameren Corporation $AEE Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its holdings in Ameren Corporation (NYSE:AEE) by 34.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,072 shares of the utilities provider’s stock after selling 2,129 shares during the period. Park Avenue Securities LLC’s holdings in Ameren were worth $391,000 as of its most recent filing with the Securities & Exchange Commission.

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

Ameren Stock Up 1.4%

Shares of NYSE AEE opened at $103.48 on Tuesday. The firm has a market cap of $27.98 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 2.62 and a beta of 0.47. 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 Corporation has a 52-week low of $85.27 and a 52-week high of $104.10. The business’s 50 day moving average is $100.66 and its two-hundred day moving average is $98.38.

Ameren (NYSE:AEE) last announced its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating 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 return on equity of 10.38% and a net margin of 14.55%.The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Research analysts predict that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. Ameren’s dividend payout ratio is currently 62.42%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AEE shares. The Goldman Sachs Group upgraded Ameren from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. UBS Group lifted their price objective on Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Morgan Stanley lowered their target price on Ameren from $105.00 to $104.00 and set an “equal weight” rating on the stock in a report on Thursday. KeyCorp set a $104.00 target price on Ameren and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Barclays lowered 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. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Insider Buying and Selling at Ameren

In other 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.34% of the company’s stock.

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.