Ameren Corp (AEE) Receives Average Recommendation of “Hold” from Analysts

Shares of Ameren Corp (NYSE:AEE) have received an average rating of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $56.80.

Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Ameren from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Bank of America began coverage on Ameren in a research note on Tuesday, October 24th. They set a “neutral” rating and a $62.00 price objective for the company. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. KeyCorp reaffirmed a “hold” rating on shares of Ameren in a research note on Friday, October 20th. Finally, Morgan Stanley lowered Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price target for the company. in a research note on Wednesday, December 13th.

In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of Ameren stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total transaction of $752,160.00. Following the completion of the sale, the senior vice president now owns 36,785 shares of the company’s stock, valued at $2,305,683.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.38% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Ameren in the 3rd quarter valued at about $116,000. Cable Hill Partners LLC lifted its stake in shares of Ameren by 400.2% in the 3rd quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 1,625 shares during the last quarter. Acropolis Investment Management LLC lifted its stake in shares of Ameren by 101.9% in the 4th quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock valued at $200,000 after acquiring an additional 1,712 shares during the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of Ameren in the 3rd quarter valued at about $201,000. Finally, Seizert Capital Partners LLC bought a new stake in shares of Ameren in the 3rd quarter valued at about $201,000. 70.49% of the stock is owned by hedge funds and other institutional investors.

Shares of Ameren (AEE) opened at $55.39 on Friday. The stock has a market capitalization of $13,440.00, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.60 and a beta of 0.37. Ameren has a 52 week low of $51.35 and a 52 week high of $64.89. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.40 and a current ratio of 0.61.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.07). The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.87 billion. Ameren had a net margin of 10.03% and a return on equity of 8.61%. Ameren’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. equities analysts expect that Ameren will post 2.8 EPS for the current fiscal year.

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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.

Analyst Recommendations for Ameren (NYSE:AEE)

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