Ameren Corporation $AEE Shares Sold by Wheelhouse Advisory Group LLC

Wheelhouse Advisory Group LLC cut its holdings in Ameren Corporation (NYSE:AEE) by 11.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,877 shares of the utilities provider’s stock after selling 788 shares during the period. Ameren accounts for about 0.3% of Wheelhouse Advisory Group LLC’s portfolio, making the stock its 27th largest holding. Wheelhouse Advisory Group LLC’s holdings in Ameren were worth $564,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Belpointe Asset Management LLC lifted its holdings in Ameren by 0.7% in the second quarter. Belpointe Asset Management LLC now owns 53,471 shares of the utilities provider’s stock valued at $5,135,000 after acquiring an additional 386 shares during the last quarter. 111 Capital acquired a new position in Ameren during the second quarter worth $652,000. Hennessy Advisors Inc. lifted its stake in Ameren by 2.7% during the second quarter. Hennessy Advisors Inc. now owns 41,880 shares of the utilities provider’s stock worth $4,022,000 after purchasing an additional 1,100 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Ameren by 5.7% during the second quarter. QRG Capital Management Inc. now owns 55,788 shares of the utilities provider’s stock worth $5,358,000 after purchasing an additional 3,006 shares in the last quarter. Finally, Segment Wealth Management LLC acquired a new position in Ameren during the second quarter worth $273,000. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Ameren Stock Performance

Shares of AEE stock opened at $104.48 on Wednesday. Ameren Corporation has a 1 year low of $85.27 and a 1 year high of $105.67. The firm has a market cap of $28.25 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 2.69 and a beta of 0.49. The stock’s 50-day moving average is $101.14 and its two-hundred day moving average is $98.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80.

Ameren (NYSE:AEE) last announced its earnings results 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. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 31.2% compared to the same quarter last year. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Analysts predict that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

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

Insider Buying and Selling

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren 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 directly owned 9,129 shares in the company, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AEE. The Goldman Sachs Group upgraded 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 note on Wednesday, June 25th. KeyCorp set a $104.00 price objective on Ameren and gave the company an “overweight” rating in a research note on Wednesday, July 16th. UBS Group increased their target price on Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 11th. Morgan Stanley dropped their target price on Ameren from $105.00 to $104.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Barclays dropped their target price on Ameren from $104.00 to $100.00 and set an “equal weight” rating on the stock in a report on Thursday, July 10th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.75.

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.