Mizuho Cuts Ameren (NYSE:AEE) Price Target to $113.00

Ameren (NYSE:AEE) had its target price reduced by Mizuho from $124.00 to $113.00 in a report issued on Wednesday morning, Marketbeat reports. Mizuho currently has an outperform rating on the utilities provider’s stock.

Other research analysts also recently issued research reports about the company. BMO Capital Markets decreased their price objective on Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen cut Ameren from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. BTIG Research set a $126.00 price target on Ameren in a research report on Thursday, July 23rd. Scotiabank began coverage on Ameren in a research note on Tuesday. They issued a “sector perform” rating and a $104.00 price target on the stock. Finally, Truist Financial lowered their price objective on Ameren from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ameren has an average rating of “Moderate Buy” and an average price target of $118.08.

Ameren Price Performance

Shares of Ameren stock opened at $99.89 on Wednesday. Ameren has a 52-week low of $96.57 and a 52-week high of $118.32. The stock has a market capitalization of $27.65 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 2.91 and a beta of 0.44. The company has a fifty day moving average of $105.92 and a 200-day moving average of $109.02. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53.

Ameren (NYSE:AEE) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities research analysts expect that Ameren will post 5.4 EPS for the current year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 8th. Ameren’s dividend payout ratio is currently 52.82%.

Insider Buying and Selling

In related news, SVP Theresa Shaw sold 325 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.93, for a total value of $35,402.25. Following the sale, the senior vice president directly owned 32,340 shares of the company’s stock, valued at $3,522,796.20. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rafael Flores sold 248 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $105.53, for a total value of $26,171.44. Following the transaction, the director owned 13,888 shares in the company, valued at approximately $1,465,600.64. This represents a 1.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,073 shares of company stock valued at $769,814 over the last ninety days. 0.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Ameren

Large investors have recently made changes to their positions in the business. Versant Capital Management Inc lifted its holdings in shares of Ameren by 31.7% during the third quarter. Versant Capital Management Inc now owns 3,134 shares of the utilities provider’s stock valued at $311,000 after purchasing an additional 755 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Ameren by 8.8% in the 2nd quarter. QRG Capital Management Inc. now owns 67,474 shares of the utilities provider’s stock worth $7,627,000 after purchasing an additional 5,467 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Ameren by 16.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,179 shares of the utilities provider’s stock worth $246,000 after buying an additional 311 shares during the last quarter. Premier Financial Group purchased a new stake in shares of Ameren in the 2nd quarter worth approximately $39,000. Finally, Sequoia Financial Advisors LLC increased its position in Ameren by 10.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,441 shares of the utilities provider’s stock valued at $1,858,000 after buying an additional 1,493 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.

About Ameren

Ameren Corporation is a regulated utility holding company that provides electric and natural gas services to customers in Illinois and Missouri. Through its operating companies, Ameren delivers energy to residential, commercial and industrial customers and operates the infrastructure required to generate, transmit and distribute electricity, as well as distribute natural gas.

Ameren Missouri is involved in electric generation, transmission and distribution and natural gas distribution across Missouri.