Ameren Corp Receives “BBB-” Credit Rating from Morningstar (AEE)
Ameren Corp (NYSE:AEE) has received a “BBB-” credit rating from analysts at Morningstar. The credit rating agency’s “BBB-” rating suggests that the company is a moderate default risk. They also issued a negative credit outlook for the company and gave their stock a two star rating.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Ameren Corp in a research note on Wednesday, August 27th. They now have a $41.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Ameren Corp has a consensus rating of “Hold” and an average target price of $39.67.
Ameren Corp (NYSE:AEE) opened at 39.99 on Tuesday. Ameren Corp has a one year low of $32.61 and a one year high of $42.24. The stock’s 50-day moving average is $39.1 and its 200-day moving average is $39.74. The company has a market cap of $9.703 billion and a P/E ratio of 16.58.
Ameren Corp (NYSE:AEE) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.04. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts predict that Ameren Corp will post $2.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Monday, September 8th.
Ameren Corporation (NYSE:AEE) is a utility holding company.
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