Analysts Set Ameren Corporation (AEE) Price Target at $53.67
Ameren Corporation (NYSE:AEE) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $53.67.
Several research firms recently commented on AEE. BidaskClub upgraded Ameren Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Morgan Stanley boosted their target price on Ameren Corporation from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Barclays PLC cut Ameren Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $60.00 to $58.00 in a research report on Thursday, May 25th. Zacks Investment Research cut Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Finally, Goldman Sachs Group, Inc. (The) cut Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price for the company. in a research report on Monday, June 26th.
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Ameren Corporation (NYSE AEE) remained flat at $59.25 during mid-day trading on Friday. 1,607,869 shares of the stock were exchanged. The firm has a 50-day moving average price of $59.17 and a 200 day moving average price of $56.30. Ameren Corporation has a 12-month low of $46.84 and a 12-month high of $60.91. The firm has a market cap of $14.38 billion, a PE ratio of 20.74 and a beta of 0.37.
Ameren Corporation (NYSE:AEE) last posted its earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that Ameren Corporation will post $2.80 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, September 12th. Ameren Corporation’s payout ratio is currently 61.54%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. purchased a new stake in Ameren Corporation during the 2nd quarter valued at about $111,000. Acropolis Investment Management LLC boosted its holdings in Ameren Corporation by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 11 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Ameren Corporation by 2.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 56 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Ameren Corporation by 6.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock valued at $136,000 after acquiring an additional 159 shares during the period. Finally, V Wealth Management LLC purchased a new stake in Ameren Corporation during the 2nd quarter valued at about $138,000. Hedge funds and other institutional investors own 69.80% 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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