Ameren Corporation (AEE) Stock Rating Reaffirmed by Morgan Stanley
Ameren Corporation (NYSE:AEE)‘s stock had its “equal weight” rating reissued by analysts at Morgan Stanley in a research report issued on Friday.
AEE has been the topic of a number of other research reports. Barclays PLC lowered Ameren Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $60.00 to $58.00 in a research note on Thursday, May 25th. Goldman Sachs Group, Inc. (The) lowered Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target on the stock. in a research note on Monday, June 26th. Finally, BidaskClub raised Ameren Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $55.20.
Shares of Ameren Corporation (NYSE AEE) opened at 60.09 on Friday. Ameren Corporation has a 12-month low of $46.84 and a 12-month high of $60.79. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 21.03 and a beta of 0.37. The company has a 50-day moving average price of $58.48 and a 200 day moving average price of $56.01.
Ameren Corporation (NYSE:AEE) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm posted $0.61 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Equities research analysts expect that Ameren Corporation will post $2.80 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. purchased a new stake in shares of Ameren Corporation during the second quarter worth $111,000. Acropolis Investment Management LLC increased its holdings 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 worth $132,000 after purchasing an additional 11 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings 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 worth $132,000 after purchasing an additional 56 shares during the period. Parkside Financial Bank & Trust increased its holdings 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 worth $136,000 after purchasing an additional 159 shares during the period. Finally, V Wealth Management LLC bought a new position in shares of Ameren Corporation in the second quarter worth $138,000. Hedge funds and other institutional investors own 69.82% of the company’s stock.
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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