Fifth Third Bancorp Sells 119 Shares of Ameren Corporation $AEE

Fifth Third Bancorp lessened its holdings in Ameren Corporation (NYSE:AEE) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,441 shares of the utilities provider’s stock after selling 119 shares during the quarter. Fifth Third Bancorp’s holdings in Ameren were worth $427,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Ameren in the first quarter valued at about $25,000. SouthState Corp bought a new stake in shares of Ameren in the first quarter valued at about $34,000. Fortitude Family Office LLC boosted its position in shares of Ameren by 600.0% in the second quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 294 shares during the period. ORG Partners LLC boosted its position in shares of Ameren by 74.5% in the first quarter. ORG Partners LLC now owns 349 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 149 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in shares of Ameren by 586.9% in the first quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 358 shares during the period. Institutional investors own 79.09% of the company’s stock.

Analyst Ratings Changes

AEE has been the subject of a number of recent research reports. Barclays reduced 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 report on Thursday, July 10th. KeyCorp set a $104.00 target price on shares of Ameren and gave the company an “overweight” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group raised shares of Ameren from a “sell” rating to a “neutral” rating and boosted their target price for the company from $91.00 to $100.00 in a research report on Wednesday, June 25th. UBS Group boosted their price target on Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Finally, Morgan Stanley dropped their price target on Ameren from $105.00 to $104.00 and set an “equal weight” rating for the company in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.75.

Ameren Stock Up 1.4%

Shares of NYSE AEE opened at $103.48 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 company 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. Ameren Corporation has a 12 month low of $85.27 and a 12 month high of $104.10. The stock has a 50-day moving average price of $100.66 and a two-hundred day moving average price of $98.38.

Ameren (NYSE:AEE) last issued its earnings results on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 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 is Tuesday, September 9th. Ameren’s payout ratio is 62.42%.

Insider Buying and Selling at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business’s stock in a transaction dated 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 directly owned 9,129 shares in the company, valued at approximately $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

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.