Chilton Capital Management LLC Invests $28.37 Million in Ameren Corporation $AEE

Chilton Capital Management LLC bought a new position in shares of Ameren Corporation (NYSE:AEE) during the second quarter, Holdings Channel reports. The fund bought 295,398 shares of the utilities provider’s stock, valued at approximately $28,370,000.

A number of other hedge funds have also recently made changes to their positions in AEE. Vanguard Group Inc. boosted its stake in Ameren by 2.9% during 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 buying an additional 979,928 shares during the period. Price T Rowe Associates Inc. MD boosted 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 valued at $2,851,821,000 after acquiring an additional 1,355,848 shares during 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 purchasing an additional 646,000 shares during the last quarter. Alliancebernstein L.P. lifted its position in Ameren by 51.7% during the first 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 last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Ameren by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,825,064 shares of the utilities provider’s stock worth $283,636,000 after buying an additional 151,808 shares during the last quarter. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Ameren Trading Down 0.0%

NYSE AEE opened at $104.28 on Friday. The stock has a market cap of $28.20 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 2.62 and a beta of 0.49. Ameren Corporation has a fifty-two week low of $85.27 and a fifty-two week high of $106.73. The stock has a 50 day simple moving average of $101.90 and a two-hundred day simple moving average of $99.13. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80.

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

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be issued a $0.71 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $2.84 annualized dividend and a yield of 2.7%. Ameren’s dividend payout ratio (DPR) is 62.42%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AEE shares. Morgan Stanley lifted their price target on Ameren from $104.00 to $111.00 and gave the stock an “outperform” rating in a research note on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Ameren in a research report on Friday. Barclays set a $113.00 price target on shares of Ameren in a research report on Tuesday. UBS Group boosted their price objective on shares of Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, KeyCorp upped their price objective on shares of Ameren from $104.00 to $109.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Ameren presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.63.

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 stock was sold at an average price of $101.79, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.

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.