Ameren (AEE) Stock Rating Lowered by Morgan Stanley
Ameren (NYSE:AEE) was downgraded by Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research report issued on Wednesday, MarketBeat Ratings reports. They currently have a $61.00 target price on the utilities provider’s stock. Morgan Stanley’s price target would indicate a potential downside of 0.41% from the company’s current price.
Several other equities research analysts have also commented on the company. Bank of America initiated coverage on Ameren in a research note on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price target for the company. Zacks Investment Research lowered Ameren from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. ValuEngine upgraded Ameren from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. KeyCorp restated a “hold” rating on shares of Ameren in a research note on Friday, October 20th. Finally, BidaskClub upgraded Ameren from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $56.80.
Shares of Ameren (AEE) traded down $0.11 during trading hours on Wednesday, reaching $61.25. The company’s stock had a trading volume of 2,028,795 shares, compared to its average volume of 1,408,353. The firm has a market capitalization of $15,446.13, a price-to-earnings ratio of 24.67, a PEG ratio of 3.40 and a beta of 0.36. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.61 and a quick ratio of 0.40. Ameren has a 12 month low of $50.36 and a 12 month high of $64.89.
Ameren (NYSE:AEE) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing the Thomson Reuters’ 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 had a return on equity of 15.93% and a net margin of 16.83%. The business’s revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 earnings per share. research analysts predict that Ameren will post 2.81 EPS for the current year.
In other news, SVP Gregory L. Nelson sold 12,000 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total value of $752,160.00. Following the completion of the sale, the senior vice president now owns 36,785 shares in the company, valued at $2,305,683.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of AEE. Bessemer Group Inc. acquired a new stake in shares of Ameren in the second quarter valued at about $111,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Ameren in the third quarter valued at about $116,000. Cable Hill Partners LLC grew its stake in shares of Ameren by 400.2% in the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock valued at $117,000 after buying an additional 1,625 shares in the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Ameren in the third quarter valued at about $201,000. Finally, Zeke Capital Advisors LLC acquired a new stake in shares of Ameren in the third quarter valued at about $201,000. Institutional investors and hedge funds own 70.54% of the company’s stock.
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Ameren 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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