Ameren Corporation $AEE Holdings Increased by Tectonic Advisors LLC

Tectonic Advisors LLC grew its stake in shares of Ameren Corporation (NYSE:AEE) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 6,829 shares of the utilities provider’s stock after acquiring an additional 251 shares during the period. Tectonic Advisors LLC’s holdings in Ameren were worth $656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AEE. Nuveen LLC bought a new stake in shares of Ameren during the 1st quarter worth about $241,496,000. Price T Rowe Associates Inc. MD raised its position in shares of Ameren by 5.0% during the 1st 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 buying an additional 1,355,848 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Ameren by 51.7% during the 1st quarter. Alliancebernstein L.P. now owns 3,576,385 shares of the utilities provider’s stock worth $359,069,000 after buying an additional 1,218,509 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Ameren by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 34,314,121 shares of the utilities provider’s stock worth $3,445,138,000 after buying an additional 979,928 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Ameren by 16.1% in the 1st 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 in the last quarter. 79.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AEE has been the topic of a number of research reports. UBS Group boosted 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. The Goldman Sachs Group upgraded shares of Ameren from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. KeyCorp set a $104.00 target price on shares of Ameren and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Morgan Stanley dropped their target price on shares of Ameren from $105.00 to $104.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameren in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

Ameren Stock Down 0.7%

AEE stock opened at $103.01 on Friday. Ameren Corporation has a 52-week low of $85.27 and a 52-week high of $105.67. The company’s 50 day simple moving average is $101.25 and its 200-day simple moving average is $98.62. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. The firm has a market capitalization of $27.85 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.61 and a beta of 0.49.

Ameren (NYSE:AEE) last released 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 business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business 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. As a group, equities research analysts anticipate that Ameren Corporation will post 4.93 EPS for the current year.

Ameren Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, September 9th. Ameren’s dividend payout ratio is currently 62.42%.

Insiders Place Their Bets

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president owned 9,129 shares in the company, valued at approximately $929,240.91. This represents a 9.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.42% of the company’s stock.

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.