Ameren (NYSE:AEE) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Other analysts have also issued reports about the company. BidaskClub upgraded Ameren from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Morgan Stanley restated an “equal weight” rating on shares of Ameren in a research note on Friday, September 8th. Zacks Investment Research lowered Ameren from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. KeyCorp reiterated a “hold” rating on shares of Ameren in a research report on Friday, October 20th. Finally, Bank of America began coverage on Ameren in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $56.00.

Ameren (NYSE AEE) traded down $0.66 during midday trading on Monday, reaching $63.09. The company had a trading volume of 1,700,621 shares, compared to its average volume of 1,409,545. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. Ameren has a fifty-two week low of $48.41 and a fifty-two week high of $64.89. The firm has a market capitalization of $15,310.00, a PE ratio of 24.71, a P/E/G ratio of 3.40 and a beta of 0.37.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.07). Ameren had a net margin of 10.03% and a return on equity of 8.61%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $1.52 EPS. The company’s revenue was down 7.3% on a year-over-year basis. sell-side analysts predict that Ameren will post 2.81 earnings per share for the current year.

In related news, SVP Gregory L. Nelson sold 12,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the transaction, the senior vice president now directly owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Conning Inc. grew its position in Ameren by 0.3% in the second quarter. Conning Inc. now owns 6,455 shares of the utilities provider’s stock worth $353,000 after acquiring an additional 20 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its stake in Ameren by 1.0% in the second quarter. C M Bidwell & Associates Ltd. now owns 4,345 shares of the utilities provider’s stock worth $238,000 after purchasing an additional 45 shares during the last quarter. Veritable L.P. lifted its stake in Ameren by 0.3% in the second quarter. Veritable L.P. now owns 18,393 shares of the utilities provider’s stock worth $1,006,000 after purchasing an additional 52 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Ameren by 0.4% in the second quarter. CIBC Asset Management Inc now owns 23,805 shares of the utilities provider’s stock worth $1,301,000 after purchasing an additional 85 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Ameren by 0.8% in the second quarter. Nordea Investment Management AB now owns 11,658 shares of the utilities provider’s stock worth $637,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 70.39% of the company’s stock.

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About Ameren

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ameren (NYSE:AEE)

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