Jennison Associates LLC Has $160.53 Million Stake in Ameren Corporation $AEE

Jennison Associates LLC trimmed its position in shares of Ameren Corporation (NYSE:AEE) by 1.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,671,527 shares of the utilities provider’s stock after selling 20,588 shares during the period. Jennison Associates LLC owned approximately 0.62% of Ameren worth $160,533,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AEE. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Ameren during the first quarter worth about $25,000. Fortitude Family Office LLC boosted its stake in shares of Ameren by 600.0% in the 2nd quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 294 shares in the last quarter. SouthState Corp acquired a new stake in shares of Ameren in the 1st quarter valued at approximately $34,000. Ameritas Advisory Services LLC acquired a new stake in shares of Ameren in the 2nd quarter valued at approximately $34,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Ameren by 586.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 419 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 358 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction on Friday, August 22nd. The shares were 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 approximately $929,240.91. This trade represents a 9.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.34% of the company’s stock.

Ameren Stock Performance

Shares of AEE stock opened at $103.36 on Wednesday. The firm has a 50 day moving average of $102.03 and a 200-day moving average of $99.26. 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. The company has a market cap of $27.95 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.63 and a beta of 0.49.

Ameren (NYSE:AEE) last posted its quarterly earnings results 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 business 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 firm posted $0.97 EPS. Ameren’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. On average, equities analysts forecast that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 presently 62.42%.

Wall Street Analysts Forecast Growth

AEE has been the topic of a number of research analyst reports. Barclays set a $113.00 price target on shares of Ameren in a research note on Tuesday, October 21st. Mizuho raised their price target on shares of Ameren from $108.00 to $114.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank Of Canada assumed coverage on shares of Ameren in a research note on Monday. They issued a “sector perform” rating and a $112.00 price target on the stock. UBS Group raised their price objective on shares of Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, KeyCorp raised their price objective on shares of Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ameren presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.50.

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.