Ameren Corp (AEE) Given Average Rating of “Hold” by Analysts

Shares of Ameren Corp (NYSE:AEE) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $57.80.

Several research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Ameren in a research report on Friday, February 2nd. They issued a “neutral” rating and a $57.00 target price for the company. Zacks Investment Research upgraded shares of Ameren from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Bank of America assumed coverage on shares of Ameren in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 target price for the company. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Finally, KeyCorp reiterated a “hold” rating on shares of Ameren in a research report on Friday, October 20th.

In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were 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 directly owns 36,785 shares in the company, valued at $2,305,683.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of AEE. Moisand Fitzgerald Tamayo LLC purchased a new stake in Ameren during the third quarter valued at about $116,000. Cable Hill Partners LLC boosted its position in Ameren by 400.2% during 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 during the period. Cerebellum GP LLC purchased a new stake in Ameren during the fourth quarter valued at about $123,000. Acropolis Investment Management LLC boosted its position in Ameren by 101.9% during the fourth quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock valued at $200,000 after buying an additional 1,712 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in Ameren during the fourth quarter valued at about $200,000. Institutional investors and hedge funds own 69.99% of the company’s stock.

Ameren (AEE) opened at $55.07 on Tuesday. Ameren has a 1 year low of $51.81 and a 1 year high of $64.89. The stock has a market cap of $13,320.00, a price-to-earnings ratio of 21.85, a P/E/G ratio of 2.60 and a beta of 0.28. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.61 and a quick ratio of 0.40.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be given a dividend of $0.4575 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $1.83 annualized dividend and a yield of 3.32%. Ameren’s payout ratio is 72.62%.

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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.

Analyst Recommendations for Ameren (NYSE:AEE)

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