2,838 Shares in Ameren Corporation $AEE Bought by Segment Wealth Management LLC

Segment Wealth Management LLC bought a new position in Ameren Corporation (NYSE:AEE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,838 shares of the utilities provider’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in Ameren in the 1st quarter worth $25,000. SouthState Corp acquired a new stake in Ameren during the 1st quarter worth about $34,000. Fortitude Family Office LLC grew its position in Ameren by 600.0% during the 2nd quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 294 shares during the period. ORG Partners LLC grew its position in Ameren by 74.5% during the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 149 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Ameren during the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AEE shares. UBS Group increased their price target on Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. The Goldman Sachs Group raised Ameren from a “sell” rating to a “neutral” rating and increased their price target for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ameren in a research report on Saturday, September 27th. KeyCorp set a $104.00 price target on Ameren and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Finally, Morgan Stanley cut their price target on Ameren from $105.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Ameren presently has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Ameren Trading Up 0.7%

AEE opened at $103.66 on Friday. 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 company’s 50 day simple moving average is $100.92 and its two-hundred day simple moving average is $98.48. Ameren Corporation has a 1-year low of $85.27 and a 1-year high of $104.52. The firm has a market capitalization of $28.03 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.66 and a beta of 0.49.

Ameren (NYSE:AEE) last released its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The business’s revenue was up 31.2% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Analysts expect that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, September 9th. Ameren’s dividend payout ratio (DPR) is 62.42%.

Insiders Place Their Bets

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business’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 completion of the transaction, the senior vice president 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.

Ameren 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.