Ameren Corporation $AEE Shares Sold by CVA Family Office LLC

CVA Family Office LLC lessened its holdings in Ameren Corporation (NYSE:AEE) by 4.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,678 shares of the utilities provider’s stock after selling 139 shares during the period. CVA Family Office LLC’s holdings in Ameren were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Ameren in the 1st quarter valued at $241,496,000. Price T Rowe Associates Inc. MD lifted its position in Ameren by 5.0% during the first 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 period. Alliancebernstein L.P. boosted its holdings in Ameren by 51.7% in the first 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. grew its position 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 purchasing an additional 979,928 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Ameren by 16.1% during the 1st quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider’s stock valued at $467,741,000 after buying an additional 646,000 shares during the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Stock Performance

NYSE:AEE opened at $104.28 on Friday. 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 capitalization of $28.20 billion, a PE ratio of 22.92, a P/E/G ratio of 2.62 and a beta of 0.49. Ameren Corporation has a fifty-two week low of $85.27 and a fifty-two week high of $106.73. The company has a fifty day moving average of $101.90 and a two-hundred day moving average of $99.13.

Ameren (NYSE:AEE) last released its 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 net margin of 14.55% and a return on equity of 10.38%. The business 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 company earned $0.97 earnings per share. The company’s quarterly revenue 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, research analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The company also recently announced 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. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, December 9th. Ameren’s dividend payout ratio (DPR) is 62.42%.

Wall Street Analyst Weigh In

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

Insider Activity

In related 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 transaction of $101,790.00. Following the completion of the sale, the senior vice president directly owned 9,129 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate 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.