Ameren Corporation $AEE Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its stake in shares of Ameren Corporation (NYSE:AEE) by 21.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,933 shares of the utilities provider’s stock after selling 17,399 shares during the period. IFM Investors Pty Ltd’s holdings in Ameren were worth $6,218,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Ameren by 2.9% during the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock worth $3,445,138,000 after purchasing an additional 979,928 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Ameren by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,404,577 shares of the utilities provider’s stock worth $2,851,821,000 after acquiring an additional 1,355,848 shares in the last quarter. Invesco Ltd. increased its position in shares of Ameren by 16.1% in the first quarter. Invesco Ltd. now owns 4,658,775 shares of the utilities provider’s stock worth $467,741,000 after acquiring an additional 646,000 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Ameren by 51.7% in the first quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock worth $359,069,000 after acquiring an additional 1,218,509 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Ameren by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider’s stock worth $283,636,000 after acquiring an additional 151,808 shares in the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AEE. The Goldman Sachs Group raised shares of Ameren from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. UBS Group increased 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. 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. Morgan Stanley reissued an “outperform” rating on shares of Ameren in a research report on Thursday, August 21st. Finally, Wells Fargo & Company increased their price objective on shares of Ameren from $108.00 to $112.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.80.

Insiders Place Their Bets

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’s stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.42% of the company’s stock.

Ameren Price Performance

AEE opened at $99.31 on Thursday. The company has a fifty day simple moving average of $99.63 and a 200 day simple moving average of $98.29. The firm has a market cap of $26.85 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.55 and a beta of 0.47. Ameren Corporation has a twelve month low of $82.79 and a twelve month high of $104.10. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51.

Ameren (NYSE:AEE) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The business’s revenue was up 31.2% on a year-over-year basis. During the same period last year, the business earned $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Equities research analysts expect that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 9th. Ameren’s dividend payout ratio (DPR) is presently 62.42%.

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.