Ameren Corporation (AEE) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Ameren Corporation (NYSE:AEE) have received an average rating of “Hold” from the seven research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $53.67.
A number of equities analysts recently commented on AEE shares. BidaskClub raised shares of Ameren Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Ameren Corporation in a research report on Friday, September 8th. Barclays PLC lowered shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $60.00 to $58.00 in a research report on Thursday, May 25th. Zacks Investment Research lowered shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target on the stock. in a research report on Monday, June 26th.
A number of hedge funds have recently added to or reduced their stakes in AEE. Bessemer Group Inc. bought a new position in Ameren Corporation in the 2nd quarter valued at about $111,000. Acropolis Investment Management LLC increased its holdings in Ameren Corporation by 0.5% in the 2nd 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 period. Benjamin F. Edwards & Company Inc. increased its holdings in Ameren Corporation by 2.4% in the 2nd 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 period. Parkside Financial Bank & Trust increased its holdings in Ameren Corporation by 6.8% in the 1st 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 period. Finally, V Wealth Management LLC bought a new position in Ameren Corporation in the 2nd quarter valued at about $138,000. 69.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ameren Corporation (NYSE:AEE) opened at 59.81 on Friday. The company has a market cap of $14.51 billion, a PE ratio of 20.93 and a beta of 0.37. Ameren Corporation has a 1-year low of $46.84 and a 1-year high of $60.91. The company has a 50-day moving average of $58.99 and a 200-day moving average of $56.21.
Ameren Corporation (NYSE:AEE) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS 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 business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm earned $0.61 earnings per share. Ameren Corporation’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts forecast that Ameren Corporation will post $2.80 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.94%. The ex-dividend date is Tuesday, September 12th. Ameren Corporation’s dividend payout ratio is currently 61.54%.
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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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