Catalyst Capital Advisors LLC Purchases 380 Shares of Ameren Corporation $AEE

Catalyst Capital Advisors LLC grew its position in shares of Ameren Corporation (NYSE:AEE) by 72.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 907 shares of the utilities provider’s stock after purchasing an additional 380 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Ameren were worth $87,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Ameren by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock valued at $3,445,138,000 after purchasing an additional 979,928 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of 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. Invesco Ltd. increased its position 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 purchasing an additional 646,000 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of 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. Finally, Goldman Sachs Group Inc. grew its position in Ameren by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider’s stock worth $283,636,000 after acquiring an additional 151,808 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AEE shares. UBS Group raised 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. KeyCorp raised their price target on Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Morgan Stanley raised their price target on Ameren from $104.00 to $111.00 and gave the stock an “outperform” rating in a research report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Ameren in a research report on Friday. Finally, Barclays set a $113.00 price target on Ameren in a research report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.63.

Insider Activity at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the completion of the sale, the senior vice president owned 9,129 shares of the company’s stock, valued at $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.42% of the company’s stock.

Ameren Trading Down 0.0%

AEE opened at $104.28 on Friday. The business has a 50 day moving average of $101.90 and a 200-day moving average of $99.13. The stock has a market cap of $28.20 billion, a PE ratio of 22.92, a PEG ratio of 2.62 and a beta of 0.49. Ameren Corporation has a 52 week low of $85.27 and a 52 week high of $106.73. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51.

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 business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 earnings per share. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Equities research analysts predict that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.7%. Ameren’s dividend payout ratio (DPR) is presently 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.