RFG Advisory LLC Has $400,000 Stake in Ameren Corporation $AEE

RFG Advisory LLC lifted its position in shares of Ameren Corporation (NYSE:AEE) by 6.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,160 shares of the utilities provider’s stock after purchasing an additional 244 shares during the quarter. RFG Advisory LLC’s holdings in Ameren were worth $400,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Heartland Bank & Trust Co raised its position in shares of Ameren by 15.1% during the second quarter. Heartland Bank & Trust Co now owns 5,177 shares of the utilities provider’s stock worth $497,000 after purchasing an additional 680 shares during the period. NorthRock Partners LLC grew its holdings in Ameren by 6.8% during the second quarter. NorthRock Partners LLC now owns 6,046 shares of the utilities provider’s stock worth $581,000 after buying an additional 387 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Ameren by 37.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 64,888 shares of the utilities provider’s stock worth $6,232,000 after buying an additional 17,788 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Ameren by 10.1% during the second quarter. Sequoia Financial Advisors LLC now owns 9,455 shares of the utilities provider’s stock worth $908,000 after buying an additional 866 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in Ameren by 0.8% during the second quarter. Yousif Capital Management LLC now owns 42,142 shares of the utilities provider’s stock worth $4,047,000 after buying an additional 347 shares in the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Stock Up 0.2%

Shares of NYSE:AEE opened at $105.46 on Friday. The company has a market capitalization of $28.52 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.65 and a beta of 0.49. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. The business has a fifty day moving average price of $101.54 and a two-hundred day moving average price of $98.82. Ameren Corporation has a 1 year low of $85.27 and a 1 year high of $106.23.

Ameren (NYSE:AEE) last announced its quarterly earnings data 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. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The business’s revenue for the quarter was up 31.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AEE. The Goldman Sachs Group upgraded Ameren from a “sell” rating to a “neutral” rating and upped their price target for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. Morgan Stanley decreased their price target on Ameren from $105.00 to $104.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. UBS Group upped their price target on Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 11th. KeyCorp upped their price target on Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameren in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Ameren has a consensus rating of “Moderate Buy” and a consensus target price of $106.38.

Insider Buying and Selling at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the completion of the transaction, the senior vice president owned 9,129 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders own 0.42% of the company’s stock.

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.