Belpointe Asset Management LLC Boosts Stock Position in Ameren Corporation $AEE

Belpointe Asset Management LLC lifted its holdings in shares of Ameren Corporation (NYSE:AEE) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,085 shares of the utilities provider’s stock after buying an additional 772 shares during the period. Belpointe Asset Management LLC’s holdings in Ameren were worth $5,330,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AEE. Baird Financial Group Inc. raised its stake in shares of Ameren by 43.6% during the 4th quarter. Baird Financial Group Inc. now owns 4,192 shares of the utilities provider’s stock worth $374,000 after buying an additional 1,273 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Ameren by 1.3% in the 4th quarter. Captrust Financial Advisors now owns 10,107 shares of the utilities provider’s stock worth $901,000 after acquiring an additional 125 shares during the period. Deutsche Bank AG grew its holdings in shares of Ameren by 58.5% in the 4th quarter. Deutsche Bank AG now owns 798,160 shares of the utilities provider’s stock worth $71,148,000 after acquiring an additional 294,512 shares during the period. Ethic Inc. acquired a new stake in shares of Ameren in the 4th quarter worth approximately $503,000. Finally, Focus Partners Wealth grew its holdings in shares of Ameren by 3.6% in the 4th quarter. Focus Partners Wealth now owns 31,089 shares of the utilities provider’s stock worth $2,812,000 after acquiring an additional 1,081 shares during the period. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Trading Down 0.9%

Shares of Ameren stock opened at $99.07 on Wednesday. Ameren Corporation has a fifty-two week low of $82.79 and a fifty-two week high of $104.10. The firm has a market cap of $26.79 billion, a PE ratio of 21.77, a P/E/G ratio of 2.57 and a beta of 0.47. The business’s fifty day moving average is $99.55 and its two-hundred day moving average is $98.29. 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 issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be given a $0.71 dividend. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $2.84 annualized dividend and a yield of 2.9%. Ameren’s dividend payout ratio (DPR) is 62.42%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays lowered 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. The Goldman Sachs Group upgraded Ameren from a “sell” rating to a “neutral” rating and increased their target price for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. Wells Fargo & Company increased their target price on Ameren from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Wednesday, May 14th. 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. Finally, KeyCorp set a $104.00 target price on Ameren and gave the company an “overweight” rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $102.80.

Insider Buying and Selling

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the transaction, the senior vice president directly owned 9,129 shares of the company’s stock, valued at $929,240.91. This trade represents a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.34% 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.