Ameren (NYSE:AEE) was upgraded by research analysts at Wolfe Research from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday, The Fly reports.
A number of other brokerages have also recently issued reports on AEE. KeyCorp initiated coverage on shares of Ameren in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. SunTrust Banks set a $82.00 price objective on shares of Ameren and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Morgan Stanley raised their price objective on shares of Ameren from $78.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, September 6th. Finally, Argus raised shares of Ameren from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $75.40.
AEE stock traded up $1.50 during midday trading on Thursday, reaching $76.27. The company’s stock had a trading volume of 156,365 shares, compared to its average volume of 1,422,963. Ameren has a 52 week low of $62.06 and a 52 week high of $78.88. The stock has a market cap of $18.08 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 3.63 and a beta of 0.23. The company has a quick ratio of 0.39, a current ratio of 0.55 and a debt-to-equity ratio of 1.04. The business’s 50-day simple moving average is $76.30 and its 200-day simple moving average is $74.45.
Ameren (NYSE:AEE) last announced its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). Ameren had a net margin of 13.08% and a return on equity of 10.31%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business posted $0.97 earnings per share. As a group, equities analysts forecast that Ameren will post 3.23 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. 6 Meridian raised its holdings in shares of Ameren by 2.0% in the second quarter. 6 Meridian now owns 7,241 shares of the utilities provider’s stock valued at $544,000 after purchasing an additional 139 shares during the last quarter. Roman Butler Fullerton & Co. increased its position in shares of Ameren by 1.1% in the second quarter. Roman Butler Fullerton & Co. now owns 14,709 shares of the utilities provider’s stock valued at $1,105,000 after buying an additional 161 shares in the last quarter. Motco increased its position in shares of Ameren by 12.4% in the second quarter. Motco now owns 1,498 shares of the utilities provider’s stock valued at $113,000 after buying an additional 165 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Ameren by 3.0% in the second quarter. Parallel Advisors LLC now owns 5,741 shares of the utilities provider’s stock valued at $431,000 after buying an additional 168 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ameren by 0.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,920 shares of the utilities provider’s stock valued at $3,749,000 after buying an additional 176 shares in the last quarter. Institutional investors own 70.80% of the company’s stock.
Ameren Company Profile
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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