Ameren Corporation (NYSE:AEE) had its target price boosted by stock analysts at Morgan Stanley from $56.00 to $57.00 in a research note issued on Thursday. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would suggest a potential downside of 2.63% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Barclays PLC downgraded shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $60.00 to $58.00 in a research report on Thursday, May 25th. BidaskClub upgraded shares of Ameren Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) downgraded shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective for the company. in a research report on Monday, June 26th. Finally, Zacks Investment Research downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $55.20.

Ameren Corporation (NYSE:AEE) traded up 0.79% on Thursday, reaching $58.54. The company’s stock had a trading volume of 1,399,635 shares. The company has a 50 day moving average of $55.70 and a 200 day moving average of $54.97. Ameren Corporation has a 52 week low of $46.84 and a 52 week high of $58.75. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 20.49 and a beta of 0.36.

Ameren Corporation (NYSE:AEE) last announced its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. On average, analysts forecast that Ameren Corporation will post $2.79 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Ameren Corporation (NYSE:AEE) Price Target Raised to $57.00 at Morgan Stanley” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/ameren-corporation-nyseaee-price-target-raised-to-57-00-at-morgan-stanley/1469290.html.

In other Ameren Corporation news, Chairman Warner L. Baxter sold 13,310 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $56.23, for a total value of $748,421.30. Following the completion of the transaction, the chairman now directly owns 145,939 shares of the company’s stock, valued at $8,206,149.97. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of AEE. Seven Eight Capital LP bought a new position in shares of Ameren Corporation during the second quarter worth about $514,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Ameren Corporation by 3.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,550 shares of the utilities provider’s stock worth $358,000 after buying an additional 205 shares during the period. Dai Ichi Life Insurance Company Ltd boosted its position in shares of Ameren Corporation by 64.4% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 76,588 shares of the utilities provider’s stock worth $4,187,000 after buying an additional 30,000 shares during the period. Baillie Gifford & Co. boosted its position in shares of Ameren Corporation by 7.8% in the second quarter. Baillie Gifford & Co. now owns 262,267 shares of the utilities provider’s stock worth $14,338,000 after buying an additional 19,000 shares during the period. Finally, Martingale Asset Management L P boosted its position in shares of Ameren Corporation by 3.1% in the second quarter. Martingale Asset Management L P now owns 419,964 shares of the utilities provider’s stock worth $22,961,000 after buying an additional 12,823 shares during the period. 71.82% of the stock is owned by institutional investors.

Ameren Corporation Company Profile

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.

Receive News & Ratings for Ameren Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.