IFP Advisors Inc Sells 307 Shares of Ameren Corporation $AEE

IFP Advisors Inc trimmed its position in Ameren Corporation (NYSE:AEE) by 35.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 552 shares of the utilities provider’s stock after selling 307 shares during the period. IFP Advisors Inc’s holdings in Ameren were worth $53,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AEE. MJT & Associates Financial Advisory Group Inc. bought a new stake in Ameren in the 1st quarter worth about $25,000. Fortitude Family Office LLC grew its position in Ameren by 600.0% in the 2nd quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 294 shares in the last quarter. SouthState Corp bought a new stake in Ameren in the 1st quarter worth about $34,000. Ameritas Advisory Services LLC bought a new stake in Ameren in the 2nd quarter worth about $34,000. Finally, Cornerstone Planning Group LLC grew its position in Ameren by 586.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 358 shares in the last quarter. 79.09% of the stock is owned by institutional investors.

Insider Transactions at Ameren

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 9,129 shares in the company, valued at $929,240.91. This represents a 9.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Ameren Stock Down 0.7%

AEE opened at $104.95 on Wednesday. The company has a 50 day moving average of $101.71 and a 200 day moving average of $98.91. The company has a market cap of $28.38 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 2.66 and a beta of 0.49. Ameren Corporation has a 12 month low of $85.27 and a 12 month high of $106.73. 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 (NYSE:AEE) last released its quarterly earnings data 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 company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. Ameren had a net margin of 14.55% and a return on equity of 10.38%. Ameren’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, sell-side analysts expect that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $2.84 annualized dividend and a yield of 2.7%. Ameren’s dividend payout ratio (DPR) is 62.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AEE shares. The Goldman Sachs Group raised shares of 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. UBS Group increased their target price on shares of Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ameren in a research report on Wednesday, October 8th. Barclays set a $113.00 target price on shares of Ameren in a research report on Tuesday. Finally, Morgan Stanley reduced their target price on shares of Ameren from $105.00 to $104.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

Ameren Company 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.