GAMMA Investing LLC Has $792,000 Position in Ameren Corporation $AEE

GAMMA Investing LLC lifted its stake in shares of Ameren Corporation (NYSE:AEE) by 3.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,248 shares of the utilities provider’s stock after buying an additional 262 shares during the quarter. GAMMA Investing LLC’s holdings in Ameren were worth $792,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Focus Partners Wealth lifted its stake in shares of Ameren by 10.0% during the 1st quarter. Focus Partners Wealth now owns 34,201 shares of the utilities provider’s stock worth $3,434,000 after buying an additional 3,112 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Ameren during the 1st quarter worth about $204,000. Intech Investment Management LLC lifted its stake in shares of Ameren by 61.6% during the 1st quarter. Intech Investment Management LLC now owns 22,605 shares of the utilities provider’s stock worth $2,270,000 after buying an additional 8,618 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Ameren during the 1st quarter worth about $897,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Ameren by 5.7% during 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. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Buying and Selling

In other Ameren 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 $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 can be accessed through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Ameren Price Performance

AEE stock opened at $100.88 on Thursday. 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 Corporation has a 12 month low of $84.98 and a 12 month high of $104.10. The firm has a market cap of $27.28 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.59 and a beta of 0.47. The company’s 50-day moving average price is $100.44 and its two-hundred day moving average price is $98.30.

Ameren (NYSE:AEE) last released its earnings results on Thursday, July 31st. The utilities provider reported $1.01 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 firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm earned $0.97 EPS. The business’s quarterly 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. On average, analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 9th. Ameren’s dividend payout ratio (DPR) is currently 62.42%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AEE shares. Barclays cut their target price on shares of Ameren from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. UBS Group raised their price target 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. The Goldman Sachs Group raised shares of Ameren from a “sell” rating to a “neutral” rating and raised their price target for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. Morgan Stanley reaffirmed an “outperform” rating on shares of Ameren in a research report on Thursday, August 21st. Finally, KeyCorp set a $104.00 price target on shares of Ameren and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.25.

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.