Ameren Co. (NYSE:AEE) Forecasted to Earn Q1 2021 Earnings of $0.76 Per Share

Ameren Co. (NYSE:AEE) – KeyCorp issued their Q1 2021 earnings per share estimates for Ameren in a research note issued to investors on Tuesday, January 12th. KeyCorp analyst S. Karp anticipates that the utilities provider will post earnings per share of $0.76 for the quarter.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley lowered their price target on Ameren from $88.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 15th. Barclays raised Ameren from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $79.00 to $95.00 in a research report on Wednesday, November 18th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $86.38.

Shares of NYSE:AEE opened at $75.50 on Thursday. The company has a market cap of $18.66 billion, a P/E ratio of 22.08, a P/E/G ratio of 3.79 and a beta of 0.19. The stock’s 50-day moving average is $77.28 and its 200-day moving average is $78.82. Ameren has a 52-week low of $58.74 and a 52-week high of $87.65. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.49 and a current ratio of 0.76.

Ameren (NYSE:AEE) last released its quarterly earnings data on Monday, November 9th. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.47. Ameren had a net margin of 14.70% and a return on equity of 10.17%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the business posted $1.47 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Ameren by 4.9% in the 2nd quarter. FMR LLC now owns 3,444,024 shares of the utilities provider’s stock valued at $242,321,000 after buying an additional 160,224 shares in the last quarter. Baird Financial Group Inc. grew its stake in Ameren by 34.1% in the 2nd quarter. Baird Financial Group Inc. now owns 6,836 shares of the utilities provider’s stock valued at $525,000 after acquiring an additional 1,738 shares during the period. Private Advisor Group LLC grew its stake in Ameren by 14.7% in the 2nd quarter. Private Advisor Group LLC now owns 8,977 shares of the utilities provider’s stock valued at $632,000 after acquiring an additional 1,149 shares during the period. Sei Investments Co. boosted its stake in Ameren by 67.2% during the 2nd quarter. Sei Investments Co. now owns 170,795 shares of the utilities provider’s stock worth $12,016,000 after purchasing an additional 68,638 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Ameren by 3.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,353,441 shares of the utilities provider’s stock worth $95,224,000 after purchasing an additional 39,481 shares during the last quarter. 75.46% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Richard J. Mark sold 6,300 shares of the firm’s stock in a transaction on Thursday, November 19th. The stock was sold at an average price of $78.00, for a total transaction of $491,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.51% of the stock is owned by company insiders.

Ameren Company Profile

Ameren Corporation, together with its subsidiaries, 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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