Farther Finance Advisors LLC Sells 353 Shares of Ameren Corporation $AEE

Farther Finance Advisors LLC lessened its stake in shares of Ameren Corporation (NYSE:AEE) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,244 shares of the utilities provider’s stock after selling 353 shares during the quarter. Farther Finance Advisors LLC’s holdings in Ameren were worth $504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Nuveen LLC bought a new position in Ameren in the 1st quarter valued at $241,496,000. Price T Rowe Associates Inc. MD raised its position in Ameren by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider’s stock valued at $2,851,821,000 after purchasing an additional 1,355,848 shares during the last quarter. Alliancebernstein L.P. raised its position in Ameren by 51.7% in the 1st quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock valued at $359,069,000 after purchasing an additional 1,218,509 shares during the last quarter. Vanguard Group Inc. raised its position in Ameren by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock valued at $3,445,138,000 after purchasing an additional 979,928 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Ameren by 11,913.7% in the 1st quarter. GAMMA Investing LLC now owns 801,794 shares of the utilities provider’s stock valued at $80,500,000 after purchasing an additional 795,120 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on AEE shares. KeyCorp set a $104.00 price objective on Ameren and gave the company an “overweight” rating in a research report on Wednesday, July 16th. UBS Group lifted their price objective on Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Morgan Stanley cut their price objective on Ameren from $105.00 to $104.00 and set an “equal weight” rating for the company in a research report on Thursday. Barclays lowered their target price on Ameren from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Finally, The Goldman Sachs Group raised Ameren from a “sell” rating to a “neutral” rating and lifted their target price for the company from $91.00 to $100.00 in a research note on Wednesday, June 25th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Ameren presently has an average rating of “Moderate Buy” and an average target price of $105.75.

Insider Activity 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 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. The trade was a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.42% of the stock is currently owned by company insiders.

Ameren Stock Up 1.3%

Shares of Ameren stock opened at $102.08 on Friday. 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 12 month low of $85.27 and a 12 month high of $104.10. The business has a fifty day simple moving average of $100.57 and a 200 day simple moving average of $98.35. The stock has a market cap of $27.60 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.62 and a beta of 0.47.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping 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 business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be issued a dividend of $0.71 per share. The ex-dividend date is Tuesday, September 9th. This represents a $2.84 annualized dividend and a yield of 2.8%. Ameren’s payout ratio is currently 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.