Ameren Corporation (AEE) Upgraded to Buy at BidaskClub
Ameren Corporation (NYSE:AEE) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.
AEE has been the topic of several other reports. 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 on the stock. in a report on Monday, June 26th. Barclays PLC reiterated an “overweight” rating and set a $60.00 price target (up from $56.00) on shares of Ameren Corporation in a report on Sunday, April 23rd. Zacks Investment Research downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Ameren Corporation in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $55.20.
Shares of Ameren Corporation (NYSE AEE) traded down 1.01% during midday trading on Friday, hitting $57.95. The company had a trading volume of 1,106,419 shares. Ameren Corporation has a 1-year low of $46.84 and a 1-year high of $58.75. The stock has a 50 day moving average price of $55.81 and a 200 day moving average price of $55.04. The firm has a market capitalization of $14.06 billion, a P/E ratio of 20.28 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last posted its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $0.61 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Ameren Corporation will post $2.79 EPS for the current fiscal year.
In other Ameren Corporation news, Chairman Warner L. Baxter sold 13,310 shares of the company’s 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 transaction, the chairman now directly owns 145,939 shares in the company, valued at approximately $8,206,149.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in AEE. Bessemer Group Inc. acquired a new stake in shares of Ameren Corporation during the second quarter valued at $111,000. First Financial Corp IN boosted its stake in shares of Ameren Corporation by 10.6% in the first quarter. First Financial Corp IN now owns 2,138 shares of the utilities provider’s stock valued at $117,000 after buying an additional 205 shares during the last quarter. Acropolis Investment Management LLC boosted its stake in shares of Ameren Corporation by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after buying an additional 11 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Ameren Corporation by 2.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock valued at $132,000 after buying an additional 56 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Ameren Corporation by 6.8% in the first quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock valued at $136,000 after buying an additional 159 shares during the last quarter. 71.82% of the stock is owned by hedge funds and other institutional investors.
Ameren Corporation Company Profile
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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