Ameren (AEE) Lifted to “Hold” at Zacks Investment Research

Ameren (NYSE:AEE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Ameren Corp's stable financial position enables Ameren to maximize shareholder value through the payment of regular dividends and repurchase of shares. Over the long term, the company earlier increased its expected capital expenditure plan, specifically during the 2017-2021 time frame. Also, a stable financial position enables Ameren to maximize shareholder value through the payment of regular dividends and repurchase of shares. Its share price has also outperformed the broader industry in the last one year. However, Ameren Corp's aging infrastructure may pose risks to system reliability and force it to incur unplanned capital expenditures and operating costs. Ameren's generation and delivery facilities are subject to risks associated with breakdown or failure of equipment or processes due to fuel supply or transportation disruptions, accidents and labor disputes or work stoppages by employees.”

Several other brokerages also recently weighed in on AEE. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Bank of America started coverage on shares of Ameren in a report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 target price on the stock. KeyCorp reissued a “hold” rating on shares of Ameren in a report on Friday, October 20th. Morgan Stanley downgraded shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 target price on the stock. in a report on Wednesday, December 13th. Finally, UBS Group started coverage on shares of Ameren in a report on Friday, February 2nd. They issued a “neutral” rating and a $57.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $56.20.

Shares of Ameren (NYSE:AEE) traded up $0.18 during trading hours on Tuesday, reaching $55.25. 1,201,565 shares of the company’s stock traded hands, compared to its average volume of 1,818,166. 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 twelve month low of $51.81 and a twelve month high of $64.89. The stock has a market capitalization of $13,446.82, a P/E ratio of 21.92, a P/E/G ratio of 2.60 and a beta of 0.28.

In other news, SVP Gregory L. Nelson sold 12,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total value of $752,160.00. Following the transaction, the senior vice president now owns 36,785 shares of the company’s stock, valued at $2,305,683.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Delpha Capital Management LLC bought a new stake in Ameren in the fourth quarter worth $106,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Ameren in the third quarter worth $116,000. Cable Hill Partners LLC increased its position in Ameren by 400.2% in the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock worth $117,000 after purchasing an additional 1,625 shares during the last quarter. Cerebellum GP LLC bought a new stake in Ameren in the fourth quarter worth $123,000. Finally, Focused Wealth Management Inc bought a new stake in Ameren in the fourth quarter worth $165,000. Institutional investors own 69.99% 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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