Ameren (NYSE:AEE) had its target price raised by analysts at Morgan Stanley from $66.00 to $69.00 in a report issued on Tuesday. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price suggests a potential downside of 1.51% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Barclays boosted their price objective on Ameren from $63.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, November 1st. Wolfe Research cut Ameren from an “outperform” rating to a “hold” rating in a report on Friday, October 26th. UBS Group cut Ameren from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Thursday, November 29th. Finally, Wells Fargo & Co boosted their price objective on Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $67.63.

Shares of NYSE:AEE opened at $70.06 on Tuesday. Ameren has a 12-month low of $53.08 and a 12-month high of $71.08. The company has a market cap of $17.22 billion, a PE ratio of 24.76, a PEG ratio of 3.16 and a beta of 0.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.64 and a quick ratio of 0.43.

Several large investors have recently modified their holdings of the company. James Investment Research Inc. raised its position in shares of Ameren by 871.1% in the third quarter. James Investment Research Inc. now owns 65,551 shares of the utilities provider’s stock valued at $4,144,000 after buying an additional 58,801 shares in the last quarter. Achmea Investment Management B.V. raised its position in shares of Ameren by 21.0% in the third quarter. Achmea Investment Management B.V. now owns 21,959 shares of the utilities provider’s stock valued at $1,387,000 after buying an additional 3,808 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Ameren by 13.8% in the third quarter. Prudential Financial Inc. now owns 319,764 shares of the utilities provider’s stock valued at $20,215,000 after buying an additional 38,850 shares in the last quarter. Standard Life Aberdeen plc raised its position in shares of Ameren by 7.7% in the third quarter. Standard Life Aberdeen plc now owns 99,374 shares of the utilities provider’s stock valued at $6,282,000 after buying an additional 7,124 shares in the last quarter. Finally, Chartwell Investment Partners LLC raised its position in shares of Ameren by 4.8% in the third quarter. Chartwell Investment Partners LLC now owns 44,990 shares of the utilities provider’s stock valued at $2,844,000 after buying an additional 2,045 shares in the last quarter. Institutional investors own 72.90% of the company’s stock.

Ameren Company Profile

Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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Analyst Recommendations for Ameren (NYSE:AEE)

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