Ameren Corporation $AEE Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in Ameren Corporation (NYSE:AEE) by 1.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,991 shares of the utilities provider’s stock after selling 389 shares during the period. Mutual of America Capital Management LLC’s holdings in Ameren were worth $2,976,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AEE. Nuveen LLC acquired a new position in shares of Ameren in the first quarter valued at approximately $241,496,000. Price T Rowe Associates Inc. MD lifted its stake in Ameren by 5.0% in the first 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 acquiring an additional 1,355,848 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Ameren by 51.7% in the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock worth $359,069,000 after acquiring an additional 1,218,509 shares during the last quarter. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 979,928 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in 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 acquiring an additional 646,000 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Buying and Selling at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 9,129 shares in the company, valued at approximately $929,240.91. The trade was a 9.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

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

Ameren Stock Down 0.0%

Shares of NYSE:AEE opened at $104.28 on Friday. The company 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. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51. Ameren Corporation has a twelve month low of $85.27 and a twelve month high of $106.73. The firm has a 50 day simple moving average of $101.90 and a 200-day simple moving average of $99.10.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The company’s revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities analysts predict that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Dividend Announcement

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

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.