Schrum Private Wealth Management LLC Trims Stock Position in Ameren Corporation $AEE

Schrum Private Wealth Management LLC lessened its holdings in shares of Ameren Corporation (NYSE:AEE) by 8.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,212 shares of the utilities provider’s stock after selling 410 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Ameren were worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AEE. Merit Financial Group LLC purchased a new position in shares of Ameren during the first quarter worth $204,000. Park Avenue Securities LLC raised its position in shares of Ameren by 35.0% in the first quarter. Park Avenue Securities LLC now owns 6,201 shares of the utilities provider’s stock worth $623,000 after acquiring an additional 1,607 shares during the period. Capital Investment Advisors LLC acquired a new position in shares of Ameren in the first quarter worth about $208,000. Farther Finance Advisors LLC raised its position in shares of Ameren by 7.7% in the first quarter. Farther Finance Advisors LLC now owns 5,597 shares of the utilities provider’s stock worth $563,000 after acquiring an additional 398 shares during the period. Finally, Yousif Capital Management LLC raised its position in shares of Ameren by 24.7% in the first quarter. Yousif Capital Management LLC now owns 41,795 shares of the utilities provider’s stock worth $4,196,000 after acquiring an additional 8,282 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Ameren Stock Down 0.9%

Shares of NYSE AEE opened at $103.68 on Thursday. The company’s 50-day simple moving average is $101.22 and its 200-day simple moving average is $98.59. Ameren Corporation has a 52-week low of $85.27 and a 52-week high of $105.67. The firm has a market cap of $28.04 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 2.63 and a beta of 0.49. 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 announced its 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 for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business earned $0.97 earnings per share. The company’s revenue for the quarter 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 predict that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 9th. Ameren’s dividend payout ratio (DPR) is currently 62.42%.

Wall Street Analyst Weigh In

AEE has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of Ameren from $105.00 to $104.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. UBS Group upped their price objective on shares of Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Barclays decreased their price objective on shares of Ameren from $104.00 to $100.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. KeyCorp set a $104.00 price objective on shares of Ameren and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameren in a research report on Wednesday. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Ameren currently has an average rating of “Moderate Buy” and a consensus price target of $105.75.

Insider Buying and Selling at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’s 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 transaction, the senior vice president directly 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 SEC, which is available at this link. Corporate insiders own 0.42% of the company’s stock.

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.