Q3 2017 Earnings Forecast for Ameren Corporation (AEE) Issued By KeyCorp
Ameren Corporation (NYSE:AEE) – Equities researchers at KeyCorp lifted their Q3 2017 earnings per share (EPS) estimates for shares of Ameren Corporation in a research note issued on Wednesday. KeyCorp analyst P. Ridzon now forecasts that the utilities provider will post earnings per share of $1.36 for the quarter, up from their previous estimate of $1.35. KeyCorp has a “Hold” rating on the stock.
Several other research analysts have also issued reports on AEE. BidaskClub upgraded shares of Ameren Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research lowered shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Morgan Stanley raised their price target on shares of Ameren Corporation from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Finally, Goldman Sachs Group Inc lowered shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target for the company. in a report on Monday, June 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. Ameren Corporation presently has a consensus rating of “Hold” and an average target price of $54.50.
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Ameren Corporation (NYSE:AEE) opened at 61.56 on Friday. The firm has a market cap of $14.94 billion, a PE ratio of 21.55 and a beta of 0.36. The company’s 50-day moving average is $59.50 and its 200-day moving average is $57.02. Ameren Corporation has a one year low of $46.97 and a one year high of $61.74.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share (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 analysts’ expectations of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be issued a dividend of $0.4575 per share. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.83 annualized dividend and a yield of 2.97%. Ameren Corporation’s dividend payout ratio (DPR) is presently 61.54%.
A number of institutional investors have recently added to or reduced their stakes in the business. APG Asset Management N.V. raised its holdings in Ameren Corporation by 463.6% during the 3rd quarter. APG Asset Management N.V. now owns 3,462,798 shares of the utilities provider’s stock worth $200,288,000 after purchasing an additional 2,848,400 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Ameren Corporation during the 3rd quarter worth approximately $7,246,000. Mutual of America Capital Management LLC raised its holdings in Ameren Corporation by 3.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 53,329 shares of the utilities provider’s stock worth $3,085,000 after purchasing an additional 1,561 shares during the last quarter. PGGM Investments raised its holdings in Ameren Corporation by 1.5% during the 3rd quarter. PGGM Investments now owns 895,029 shares of the utilities provider’s stock worth $51,768,000 after purchasing an additional 13,651 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC raised its holdings in Ameren Corporation by 22.5% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 9,313 shares of the utilities provider’s stock worth $539,000 after purchasing an additional 1,710 shares during the last quarter. Hedge funds and other institutional investors own 69.78% 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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