Ameren Co. (NYSE:AEE – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $87.80.
Several brokerages have recently issued reports on AEE. Jefferies Financial Group started coverage on shares of Ameren in a research note on Thursday, September 19th. They issued a “buy” rating and a $97.00 price objective on the stock. Barclays upped their price objective on shares of Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. UBS Group assumed coverage on Ameren in a research report on Friday, July 19th. They set a “buy” rating and a $87.00 target price on the stock. Mizuho raised Ameren from a “neutral” rating to an “outperform” rating and upped their price target for the company from $82.00 to $89.00 in a report on Monday, September 16th. Finally, Argus raised Ameren to a “strong-buy” rating in a report on Thursday, September 19th.
View Our Latest Analysis on Ameren
Insiders Place Their Bets
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of AEE. Koshinski Asset Management Inc. boosted its holdings in Ameren by 493.0% in the first quarter. Koshinski Asset Management Inc. now owns 21,728 shares of the utilities provider’s stock valued at $1,607,000 after acquiring an additional 18,064 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Ameren by 703.6% during the 1st quarter. SG Americas Securities LLC now owns 129,346 shares of the utilities provider’s stock worth $9,566,000 after buying an additional 113,250 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Ameren by 392.0% during the second quarter. Assenagon Asset Management S.A. now owns 19,434 shares of the utilities provider’s stock worth $1,382,000 after buying an additional 15,484 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Ameren by 137.2% in the first quarter. Cetera Investment Advisers now owns 100,154 shares of the utilities provider’s stock valued at $7,407,000 after buying an additional 57,923 shares during the period. Finally, Magnetar Financial LLC bought a new position in Ameren in the second quarter valued at approximately $2,632,000. Institutional investors and hedge funds own 79.09% of the company’s stock.
Ameren Price Performance
Shares of Ameren stock opened at $89.20 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.45 and a debt-to-equity ratio of 1.40. Ameren has a 1-year low of $67.03 and a 1-year high of $89.21. The firm has a fifty day simple moving average of $85.09 and a 200-day simple moving average of $77.82. The stock has a market capitalization of $23.79 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 2.92 and a beta of 0.45.
Ameren (NYSE:AEE – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.04. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Ameren had a return on equity of 10.20% and a net margin of 16.28%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. On average, sell-side analysts expect that Ameren will post 4.62 earnings per share for the current year.
Ameren Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.00%. The ex-dividend date is Wednesday, December 11th. Ameren’s payout ratio is presently 61.61%.
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.
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