Maryland State Retirement & Pension System Buys 679 Shares of Ameren Corporation $AEE

Maryland State Retirement & Pension System raised its stake in shares of Ameren Corporation (NYSE:AEE) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,116 shares of the utilities provider’s stock after buying an additional 679 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Ameren were worth $1,260,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Nuveen LLC bought a new position in shares of Ameren during the first quarter valued at $241,496,000. Price T Rowe Associates Inc. MD grew its position in Ameren by 5.0% during 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 purchasing an additional 1,355,848 shares during the last quarter. Alliancebernstein L.P. grew its position in Ameren by 51.7% during the 1st 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. lifted its stake in shares of Ameren by 2.9% in the first 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 in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Ameren by 16.1% in the first 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 in the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Stock Up 0.5%

AEE stock opened at $103.50 on Friday. Ameren Corporation has a fifty-two week low of $85.27 and a fifty-two week high of $105.67. The business’s 50-day moving average is $101.28 and its two-hundred day moving average is $98.66. 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 company has a market cap of $27.99 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 2.61 and a beta of 0.49.

Ameren (NYSE:AEE) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business’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, analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The firm 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. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. Ameren’s dividend payout ratio is presently 62.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 11th. KeyCorp set a $104.00 target price on Ameren and gave the stock an “overweight” rating in a report on Wednesday, July 16th. The Goldman Sachs Group raised Ameren from a “sell” rating to a “neutral” rating and increased their price objective for the company from $91.00 to $100.00 in a research report on Wednesday, June 25th. Barclays dropped their price objective on Ameren from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Ameren in a research note on Wednesday. Six equities research 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 a consensus price target of $105.75.

Insider Buying and Selling at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $101.79, for a total transaction of $101,790.00. Following the transaction, the senior vice president owned 9,129 shares in the company, valued at $929,240.91. This trade represents a 9.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.42% of the stock is owned by corporate insiders.

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.