DekaBank Deutsche Girozentrale Boosts Stock Position in Ameren Corporation $AEE

DekaBank Deutsche Girozentrale raised its stake in Ameren Corporation (NYSE:AEE) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,516 shares of the utilities provider’s stock after purchasing an additional 146 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Ameren were worth $3,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Drive Wealth Management LLC boosted its holdings in Ameren by 11.0% in the second quarter. Drive Wealth Management LLC now owns 3,169 shares of the utilities provider’s stock worth $304,000 after acquiring an additional 315 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Ameren by 10.4% in the second quarter. Chicago Partners Investment Group LLC now owns 2,274 shares of the utilities provider’s stock worth $227,000 after acquiring an additional 215 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Ameren in the second quarter worth about $768,000. Spirit of America Management Corp NY boosted its holdings in Ameren by 19.1% in the second quarter. Spirit of America Management Corp NY now owns 10,900 shares of the utilities provider’s stock worth $1,047,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Stanley Laman Group Ltd. boosted its holdings in Ameren by 15.8% in the second quarter. Stanley Laman Group Ltd. now owns 2,969 shares of the utilities provider’s stock worth $285,000 after acquiring an additional 406 shares in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AEE. Barclays set a $113.00 price target on Ameren in a report on Tuesday. KeyCorp upped their target price on Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameren in a research report on Friday. UBS Group upped their target price on Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, Morgan Stanley upped their target price on Ameren from $104.00 to $111.00 and gave the company an “outperform” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.63.

Insider Activity at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business’s stock in a transaction that occurred on 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 directly 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 through this link. 0.42% of the stock is owned by company insiders.

Ameren Trading Down 0.0%

Shares of NYSE:AEE opened at $104.28 on Friday. Ameren Corporation has a 12-month low of $85.27 and a 12-month high of $106.73. The company has a market capitalization of $28.20 billion, a PE ratio of 22.92, a PEG ratio of 2.62 and a beta of 0.49. The business has a 50 day moving average of $101.90 and a two-hundred day moving average of $99.13. 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 announced its quarterly 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. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the company posted $0.97 earnings per share. Ameren’s revenue for the quarter was up 31.2% on a year-over-year basis. 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 EPS for the current year.

Ameren Dividend Announcement

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

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.