111 Capital Takes Position in Ameren Corporation $AEE

111 Capital purchased a new stake in Ameren Corporation (NYSE:AEE) during the second quarter, according to its most recent filing with the SEC. The firm purchased 6,792 shares of the utilities provider’s stock, valued at approximately $652,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AEE. Nuveen LLC purchased a new position in shares of Ameren in the 1st quarter valued at $241,496,000. Price T Rowe Associates Inc. MD increased its holdings in shares of 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 acquiring an additional 1,355,848 shares during the period. Alliancebernstein L.P. grew its stake in Ameren by 51.7% during the 1st quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock worth $359,069,000 after buying an additional 1,218,509 shares during the last quarter. Vanguard Group Inc. grew its stake in Ameren by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock worth $3,445,138,000 after buying an additional 979,928 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Ameren by 16.1% during the 1st quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider’s stock worth $467,741,000 after buying an additional 646,000 shares during the last quarter. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. The Goldman Sachs Group upgraded Ameren from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Morgan Stanley dropped their target price on Ameren from $105.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Barclays dropped their target price on Ameren from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. KeyCorp set a $104.00 target price on Ameren and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Finally, UBS Group boosted their target price on Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Ameren presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Ameren Stock Performance

Shares of AEE opened at $103.66 on Friday. The stock has a 50-day moving average of $100.92 and a two-hundred day moving average of $98.48. Ameren Corporation has a one year low of $85.27 and a one year high of $104.52. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. The stock has a market cap of $28.03 billion, a P/E ratio of 22.78, a P/E/G ratio of 2.66 and a beta of 0.49.

Ameren (NYSE:AEE) last issued its quarterly earnings results 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 company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm’s 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. As a group, 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 was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 9th. Ameren’s payout ratio is 62.42%.

Insider Activity

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 completion of the transaction, the senior vice president owned 9,129 shares of the company’s stock, valued at $929,240.91. The trade was a 9.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by company insiders.

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.