Morgan Stanley Analysts Give Ameren (AEE) a $53.00 Price Target

Ameren (NYSE:AEE) has been assigned a $53.00 target price by research analysts at Morgan Stanley in a report issued on Tuesday. The brokerage presently has a “sell” rating on the utilities provider’s stock. Morgan Stanley’s target price indicates a potential downside of 4.07% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Ameren from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. 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 price target on the stock. ValuEngine cut shares of Ameren from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. 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 price target on the stock. Finally, KeyCorp restated a “hold” rating on shares of Ameren in a research report on Friday, October 20th. Two research 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. Ameren presently has a consensus rating of “Hold” and an average price target of $56.20.

Shares of Ameren (NYSE AEE) traded up $0.18 on Tuesday, reaching $55.25. 1,201,565 shares of the company traded hands, compared to its average volume of 1,820,000. Ameren has a 12 month low of $51.81 and a 12 month high of $64.89. The company has a market capitalization of $13,410.00, a PE ratio of 21.92, a PEG 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.

In other Ameren 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 transaction of $752,160.00. Following the transaction, the senior vice president now owns 36,785 shares in the company, valued at $2,305,683.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.38% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Delpha Capital Management LLC bought a new position in shares of Ameren in the fourth quarter worth about $106,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Ameren in the third quarter worth about $116,000. Cable Hill Partners LLC grew its holdings 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 worth $117,000 after purchasing an additional 1,625 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of Ameren in the fourth quarter worth about $123,000. Finally, Focused Wealth Management Inc bought a new position in shares of Ameren in the fourth quarter worth about $165,000. Institutional investors and hedge funds 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.

Analyst Recommendations for Ameren (NYSE:AEE)

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