Schrum Private Wealth Management LLC Lowers Stock Holdings in Ameren Corporation $AEE

Schrum Private Wealth Management LLC trimmed its stake in Ameren Corporation (NYSE:AEE) by 8.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,212 shares of the utilities provider’s stock after selling 410 shares during the period. Schrum Private Wealth Management LLC’s holdings in Ameren were worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Ameren by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock worth $3,445,138,000 after purchasing an additional 979,928 shares during the period. Price T Rowe Associates Inc. MD lifted its position 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 worth $2,851,821,000 after purchasing an additional 1,355,848 shares during the period. Invesco Ltd. lifted its position in shares of Ameren by 16.1% in the 1st quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider’s stock worth $467,741,000 after purchasing an additional 646,000 shares during the period. Alliancebernstein L.P. lifted its position in shares of Ameren by 51.7% in the 1st quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock worth $359,069,000 after purchasing an additional 1,218,509 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Ameren by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider’s stock worth $283,636,000 after purchasing an additional 151,808 shares during the period. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Trading Down 0.9%

NYSE AEE opened at $103.68 on Thursday. 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 52 week low of $85.27 and a 52 week high of $105.67. The firm has a market cap of $28.04 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 2.63 and a beta of 0.49. The company has a 50 day moving average price of $101.22 and a 200 day moving average price of $98.59.

Ameren (NYSE:AEE) last issued 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 net margin of 14.55% and a return on equity of 10.38%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business posted $0.97 EPS. Ameren’s revenue for the quarter 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, sell-side analysts forecast that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th were paid a dividend of $0.71 per share. The ex-dividend date was Tuesday, September 9th. This represents a $2.84 dividend on an annualized basis and a yield of 2.7%. Ameren’s dividend payout ratio is presently 62.42%.

Insider Transactions at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $929,240.91. This represents a 9.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AEE. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ameren in a research report on Wednesday. UBS Group upped their price target on shares of Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. KeyCorp set a $104.00 price target on shares of Ameren and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Morgan Stanley lowered their price target 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. Finally, The Goldman Sachs Group upgraded shares of Ameren from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

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.