Belpointe Asset Management LLC Grows Position in Ameren Corporation $AEE

Belpointe Asset Management LLC increased its position in Ameren Corporation (NYSE:AEE) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,471 shares of the utilities provider’s stock after buying an additional 386 shares during the quarter. Belpointe Asset Management LLC’s holdings in Ameren were worth $5,135,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Ameren by 2.9% in the first quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock valued at $3,445,138,000 after acquiring an additional 979,928 shares during the period. Price T Rowe Associates Inc. MD grew its stake 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 purchasing an additional 1,355,848 shares during the last quarter. Invesco Ltd. grew its stake 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 purchasing an additional 646,000 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Ameren by 51.7% during the 1st quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock valued at $359,069,000 after purchasing an additional 1,218,509 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Ameren by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider’s stock valued at $283,636,000 after purchasing an additional 151,808 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors.

Insider Activity at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameren in a research report on Saturday, September 27th. Barclays dropped their price target on Ameren from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. The Goldman Sachs Group upgraded shares of Ameren from a “sell” rating to a “neutral” rating and lifted their price target for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. KeyCorp set a $104.00 price objective on shares of Ameren and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Morgan Stanley dropped their target price 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. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Ameren Stock Up 0.7%

NYSE:AEE opened at $103.66 on Monday. The firm’s 50-day moving average price is $100.92 and its 200-day moving average price is $98.47. The company has a market capitalization of $28.03 billion, a PE ratio of 22.78, a P/E/G ratio of 2.66 and a beta of 0.49. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. Ameren Corporation has a 1-year low of $85.27 and a 1-year high of $104.52.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the company posted $0.97 EPS. Ameren’s revenue was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities analysts predict that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Announces Dividend

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

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.