Ameren Corporation (NYSE:AEE)‘s stock had its “overweight” rating restated by investment analysts at Morgan Stanley in a report issued on Monday.

A number of other research firms also recently issued reports on AEE. Barclays PLC downgraded shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $60.00 to $58.00 in a research note on Thursday, May 25th. Goldman Sachs Group, Inc. (The) downgraded shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target for the company. in a research note on Monday, June 26th. Zacks Investment Research downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Finally, BidaskClub downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $55.67.

Shares of Ameren Corporation (NYSE:AEE) opened at 53.83 on Monday. The company has a 50-day moving average price of $56.10 and a 200-day moving average price of $54.26. Ameren Corporation has a 12 month low of $46.84 and a 12 month high of $57.21. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 20.18 and a beta of 0.36.

Ameren Corporation (NYSE:AEE) last released its quarterly earnings results on Thursday, May 4th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. Ameren Corporation had a net margin of 10.56% and a return on equity of 9.01%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. Ameren Corporation’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts anticipate that Ameren Corporation will post $2.77 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 14th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Monday, June 12th. Ameren Corporation’s payout ratio is currently 65.67%.

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In related news, Chairman Warner L. Baxter sold 13,310 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $56.23, for a total value of $748,421.30. Following the completion of the transaction, the chairman now directly owns 145,939 shares of the company’s stock, valued at $8,206,149.97. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.38% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Gulf International Bank UK Ltd increased its position in Ameren Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 77,547 shares of the utilities provider’s stock worth $4,233,000 after buying an additional 1,000 shares during the last quarter. Acropolis Investment Management LLC increased its position in shares of Ameren Corporation by 0.5% in the first quarter. Acropolis Investment Management LLC now owns 2,395 shares of the utilities provider’s stock worth $131,000 after buying an additional 12 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of Ameren Corporation by 5.0% in the first quarter. CENTRAL TRUST Co now owns 32,373 shares of the utilities provider’s stock worth $1,768,000 after buying an additional 1,535 shares in the last quarter. Pure Financial Advisors Inc. increased its position in shares of Ameren Corporation by 0.8% in the first quarter. Pure Financial Advisors Inc. now owns 7,180 shares of the utilities provider’s stock worth $392,000 after buying an additional 60 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Ameren Corporation by 3.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 210,765 shares of the utilities provider’s stock worth $11,506,000 after buying an additional 6,414 shares in the last quarter. 72.05% of the stock is owned by institutional investors.

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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