Ameren Corporation (AEE) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Ameren Corporation (NYSE:AEE) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $55.75.
A number of brokerages recently issued reports on AEE. BidaskClub upgraded shares of Ameren Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Morgan Stanley boosted their price objective on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. KeyCorp reiterated a “hold” rating on shares of Ameren Corporation in a report on Friday, October 20th. Zacks Investment Research cut shares of Ameren Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Finally, Bank of America Corporation assumed coverage on shares of Ameren Corporation in a report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price target for the company.
Hedge funds have recently made changes to their positions in the company. Swiss National Bank lifted its position in shares of Ameren Corporation by 2.7% in the second quarter. Swiss National Bank now owns 994,693 shares of the utilities provider’s stock worth $54,380,000 after purchasing an additional 26,500 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Ameren Corporation in the second quarter worth $307,000. Acropolis Investment Management LLC lifted its position 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 in the last quarter. Keybank National Association OH lifted its position in shares of Ameren Corporation by 2.4% in the second quarter. Keybank National Association OH now owns 556,239 shares of the utilities provider’s stock worth $30,410,000 after purchasing an additional 13,022 shares in the last quarter. Finally, ETRADE Capital Management LLC bought a new stake in Ameren Corporation during the second quarter worth $854,000. 71.04% of the stock is currently owned by institutional investors and hedge funds.
Ameren Corporation (NYSE:AEE) opened at $62.19 on Friday. The stock has a market cap of $15,089.47, a P/E ratio of 24.10, a P/E/G ratio of 3.32 and a beta of 0.38. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.38 and a current ratio of 0.57. Ameren Corporation has a 1-year low of $46.97 and a 1-year high of $62.83.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.07). The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.87 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. equities analysts forecast that Ameren Corporation will post 2.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be given a $0.4575 dividend. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, December 12th. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. Ameren Corporation’s payout ratio is currently 69.84%.
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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