Janney Montgomery Scott LLC Decreases Stock Position in Ameren Corporation $AEE

Janney Montgomery Scott LLC cut its position in Ameren Corporation (NYSE:AEE) by 12.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,600 shares of the utilities provider’s stock after selling 2,063 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ameren were worth $1,402,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Ameren in the first quarter valued at $25,000. SouthState Corp bought a new position in Ameren during the 1st quarter valued at $34,000. Fortitude Family Office LLC boosted its stake in Ameren by 600.0% during the 2nd quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 294 shares during the last quarter. ORG Partners LLC boosted its stake in Ameren by 74.5% during the 1st quarter. ORG Partners LLC now owns 349 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 149 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in Ameren by 586.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 358 shares during the last quarter. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Ameren Stock Up 0.5%

Shares of NYSE:AEE opened at $103.50 on Monday. The stock has a market capitalization of $27.99 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 2.61 and a beta of 0.49. Ameren Corporation has a 1-year low of $85.27 and a 1-year high of $105.67. The company’s fifty day moving average is $101.28 and its two-hundred day moving average is $98.66. 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 issued its 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. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The firm’s 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. Equities analysts anticipate that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Dividend Announcement

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

Insider Buying and Selling at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $101.79, for a total value of $101,790.00. Following the sale, the senior vice president owned 9,129 shares of the company’s stock, valued at $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 company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameren in a research note on Wednesday, October 8th. KeyCorp set a $104.00 price objective on shares of Ameren and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Barclays reduced their price objective on shares of Ameren from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 10th. Morgan Stanley reduced their price objective on shares of Ameren from $105.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, UBS Group increased their target price on shares of Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Ameren presently has an average rating of “Moderate Buy” and an average target price of $105.75.

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.