Louisiana State Employees Retirement System Lowers Position in Ameren Co. (NYSE:AEE)

Posted by on Oct 4th, 2023

Louisiana State Employees Retirement System cut its stake in Ameren Co. (NYSE:AEE – Free Report) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,200 shares of the utilities provider’s stock after selling 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Ameren were worth $1,323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AEE. Penserra Capital Management LLC purchased a new stake in Ameren in the first quarter worth about $25,000. Dark Forest Capital Management LP bought a new position in shares of Ameren during the first quarter valued at approximately $27,000. Spire Wealth Management increased its stake in shares of Ameren by 138.1% during the first quarter. Spire Wealth Management now owns 331 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 192 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Ameren by 35.9% during the first quarter. Brown Brothers Harriman & Co. now owns 466 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 123 shares in the last quarter. Finally, Clear Street Markets LLC increased its stake in shares of Ameren by 93.5% during the first quarter. Clear Street Markets LLC now owns 507 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 245 shares in the last quarter. 77.77% of the stock is currently owned by hedge funds and other institutional investors.

Ameren Price Performance

Shares of AEE opened at $72.57 on Wednesday. The firm has a market cap of $19.07 billion, a PE ratio of 17.00, a P/E/G ratio of 2.66 and a beta of 0.46. The company has a current ratio of 0.62, a quick ratio of 0.40 and a debt-to-equity ratio of 1.32. The firm has a fifty day simple moving average of $80.03 and a two-hundred day simple moving average of $83.45. Ameren Co. has a 1-year low of $69.71 and a 1-year high of $92.43.

Ameren (NYSE:AEE – Get Free Report) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.77 billion. Ameren had a net margin of 13.65% and a return on equity of 10.50%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. On average, equities analysts anticipate that Ameren Co. will post 4.37 EPS for the current year.

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were paid a dividend of $0.63 per share. The ex-dividend date was Tuesday, September 12th. This represents a $2.52 dividend on an annualized basis and a yield of 3.47%. Ameren’s dividend payout ratio is presently 59.02%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AEE shares. 888 reaffirmed an “upgrade” rating on shares of Ameren in a research note on Monday, June 12th. Mizuho decreased their target price on shares of Ameren from $87.00 to $82.00 and set a “neutral” rating for the company in a research note on Friday, August 11th. Morgan Stanley raised their target price on shares of Ameren from $82.00 to $84.00 and gave the company an “equal weight” rating in a research note on Thursday, September 21st. StockNews.com raised shares of Ameren from a “sell” rating to a “hold” rating in a research report on Saturday, September 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Ameren from $94.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, August 16th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Ameren has an average rating of “Moderate Buy” and an average price target of $89.78.

View Our Latest Stock Analysis on Ameren

Insider Buying and Selling at Ameren

In other news, CFO Michael L. Moehn sold 3,155 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $79.63, for a total value of $251,232.65. Following the completion of the sale, the chief financial officer now directly owns 161,369 shares in the company, valued at approximately $12,849,813.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.

Ameren Company Profile

(Free Report)

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 and transmission businesses.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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