Shares of Ameren Corp (NYSE:AEE) have earned an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $76.50.
AEE has been the subject of a number of research analyst reports. Bank of America upgraded shares of Ameren from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 17th. They noted that the move was a valuation call. ValuEngine cut shares of Ameren from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley upped their price objective on shares of Ameren from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Argus upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Finally, SunTrust Banks set a $82.00 price objective on shares of Ameren and gave the stock a “hold” rating in a research report on Tuesday, September 3rd.
Several hedge funds and other institutional investors have recently modified their holdings of the company. 6 Meridian raised its position in shares of Ameren by 2.0% in the second quarter. 6 Meridian now owns 7,241 shares of the utilities provider’s stock valued at $544,000 after buying an additional 139 shares during the last quarter. Roman Butler Fullerton & Co. increased its position in Ameren by 1.1% during the second quarter. Roman Butler Fullerton & Co. now owns 14,709 shares of the utilities provider’s stock worth $1,105,000 after purchasing an additional 161 shares during the last quarter. Motco increased its position in Ameren by 12.4% during the second quarter. Motco now owns 1,498 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 165 shares during the last quarter. Parallel Advisors LLC increased its position in Ameren by 3.0% during the second quarter. Parallel Advisors LLC now owns 5,741 shares of the utilities provider’s stock worth $431,000 after purchasing an additional 168 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ameren by 0.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,920 shares of the utilities provider’s stock worth $3,749,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 70.90% of the company’s stock.
NYSE AEE traded down $0.28 during mid-day trading on Friday, reaching $76.57. 10,196 shares of the stock were exchanged, compared to its average volume of 1,776,744. The business’s 50 day moving average is $77.64 and its 200-day moving average is $75.40. Ameren has a 1 year low of $62.51 and a 1 year high of $80.85. The company has a market capitalization of $19.03 billion, a P/E ratio of 22.69, a P/E/G ratio of 3.73 and a beta of 0.22. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.39 and a current ratio of 0.55.
Ameren (NYSE:AEE) last announced its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.03). The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Ameren had a return on equity of 10.31% and a net margin of 13.08%. During the same period last year, the company posted $0.97 earnings per share. Equities analysts predict that Ameren will post 3.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 11th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Tuesday, September 10th. Ameren’s dividend payout ratio (DPR) is 56.38%.
Ameren Company Profile
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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