Ameren Corp (AEE) Declares Quarterly Dividend of $0.40
Ameren Corp (NYSE:AEE) declared a quarterly dividend on Thursday, April 24th, AnalystRatingsNetwork reports. Shareholders of record on Wednesday, June 11th will be given a dividend of 0.40 per share on Monday, June 30th. This represents a $1.60 dividend on an annualized basis and a yield of 3.89%.
A number of research firms have recently commented on AEE. Analysts at Goldman Sachs downgraded shares of Ameren Corp from a “neutral” rating to a “sell” rating in a research note on Thursday, March 20th. They now have a $36.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Ameren Corp in a research note on Tuesday, March 18th. They now have a $43.00 price target on the stock. Finally, analysts at Barclays downgraded shares of Ameren Corp from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, February 25th. They now have a $41.00 price target on the stock, up previously from $38.00. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $39.40.
Shares of Ameren Corp (NYSE:AEE) traded up 0.22% during mid-day trading on Thursday, hitting $41.12. The stock had a trading volume of 1,808,887 shares. Ameren Corp has a 52 week low of $32.34 and a 52 week high of $42.24. The stock’s 50-day moving average is $40.58 and its 200-day moving average is $37.65. The company has a market cap of $9.977 billion and a price-to-earnings ratio of 34.54.
Ameren Corp (NYSE:AEE) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.07. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted $0.14 earnings per share. On average, analysts predict that Ameren Corp will post $2.35 earnings per share for the current fiscal year.
Ameren Corporation (NYSE:AEE) is a utility holding company.
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