Strait & Sound Wealth Management LLC Cuts Stake in Ameren Corporation $AEE

Strait & Sound Wealth Management LLC reduced its stake in shares of Ameren Corporation (NYSE:AEE) by 4.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,816 shares of the utilities provider’s stock after selling 120 shares during the period. Strait & Sound Wealth Management LLC’s holdings in Ameren were worth $270,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AEE. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Ameren during the 1st quarter worth about $25,000. Fortitude Family Office LLC lifted its holdings in shares of 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 acquiring an additional 294 shares during the period. SouthState Corp purchased a new position in shares of Ameren during the 1st quarter worth about $34,000. Ameritas Advisory Services LLC purchased a new position in shares of Ameren during the 2nd quarter worth about $34,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Ameren by 586.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 358 shares during the period. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Ameren Stock Down 0.0%

Shares of NYSE:AEE opened at $104.28 on Friday. 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 Corporation has a 52-week low of $85.27 and a 52-week high of $106.73. The company has a 50 day moving average of $101.90 and a two-hundred day moving average of $99.13. The company has a market capitalization of $28.20 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 2.62 and a beta of 0.49.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (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 company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company earned $0.97 earnings per share. Ameren’s revenue for the quarter 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, analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Dividend Announcement

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

Insider Transactions at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’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 of the company’s stock, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.42% of the stock is owned by company 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.