Ameren Corporation (AEE) Upgraded by ValuEngine to Buy
Ameren Corporation (NYSE:AEE) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday.
AEE has been the subject of a number of other reports. BidaskClub upgraded shares of Ameren Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Zacks Investment Research downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Morgan Stanley reiterated an “equal weight” rating on shares of Ameren Corporation in a report on Friday, September 8th. Bank of America Corporation began coverage on shares of Ameren Corporation in a report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 target price for the company. Finally, KeyCorp restated a “hold” rating on shares of Ameren Corporation in a report on Friday, October 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $56.00.
Shares of Ameren Corporation (AEE) opened at $64.54 on Wednesday. The company has a market cap of $15,159.82, a PE ratio of 24.22, a PEG ratio of 3.33 and a beta of 0.38. Ameren Corporation has a twelve month low of $48.19 and a twelve month high of $64.70. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.92.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.07). The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Ameren Corporation had a return on equity of 8.61% and a net margin of 10.03%. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share. research analysts predict that Ameren Corporation will post 2.81 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new stake in Ameren Corporation in the third quarter valued at approximately $2,851,000. Janus Henderson Group PLC grew its holdings in Ameren Corporation by 15.1% in the third quarter. Janus Henderson Group PLC now owns 2,244,596 shares of the utilities provider’s stock valued at $129,828,000 after purchasing an additional 293,658 shares during the period. Jane Street Group LLC grew its holdings in Ameren Corporation by 115.4% in the third quarter. Jane Street Group LLC now owns 6,421 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 48,232 shares during the period. Vident Investment Advisory LLC grew its holdings in Ameren Corporation by 21.4% in the third quarter. Vident Investment Advisory LLC now owns 52,517 shares of the utilities provider’s stock valued at $3,038,000 after purchasing an additional 9,275 shares during the period. Finally, Empire Life Investments Inc. purchased a new stake in Ameren Corporation in the third quarter valued at approximately $8,968,000. Hedge funds and other institutional investors own 70.25% of the company’s stock.
About Ameren Corporation
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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