KeyCorp upgraded shares of Ameren (NYSE:AEE – Free Report) from a sector weight rating to an overweight rating in a research report report published on Wednesday, Marketbeat.com reports. KeyCorp currently has $103.00 price objective on the utilities provider’s stock. KeyCorp also issued estimates for Ameren’s Q2 2025 earnings at $1.08 EPS and Q3 2025 earnings at $1.03 EPS.
Other equities research analysts also recently issued reports about the stock. Barclays raised their target price on shares of Ameren from $101.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Guggenheim reiterated a “neutral” rating on shares of Ameren in a research report on Tuesday, April 22nd. Evercore ISI upgraded shares of Ameren from an “in-line” rating to an “outperform” rating and increased their price target for the company from $89.00 to $104.00 in a research report on Tuesday, January 21st. UBS Group increased their price target on shares of Ameren from $106.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, March 21st. Finally, BMO Capital Markets increased their price target on shares of Ameren from $106.00 to $108.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $101.80.
Ameren Trading Up 1.2%
Ameren (NYSE:AEE – Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.92 billion. Ameren had a net margin of 15.51% and a return on equity of 10.34%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 earnings per share. Sell-side analysts forecast that Ameren will post 4.93 earnings per share for the current fiscal year.
Ameren Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Tuesday, June 10th. Ameren’s dividend payout ratio is 62.97%.
Insider Transactions at Ameren
In related news, EVP Chonda J. Nwamu sold 5,500 shares of Ameren stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $101.37, for a total value of $557,535.00. Following the sale, the executive vice president now owns 43,344 shares in the company, valued at $4,393,781.28. The trade was a 11.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Craig S. Ivey sold 2,716 shares of Ameren stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $98.27, for a total transaction of $266,901.32. Following the completion of the sale, the director now owns 14,495 shares in the company, valued at approximately $1,424,423.65. This trade represents a 15.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,959 shares of company stock worth $1,316,712. Insiders own 0.42% of the company’s stock.
Institutional Trading of Ameren
Several large investors have recently added to or reduced their stakes in AEE. Synergy Investment Management LLC bought a new stake in Ameren in the fourth quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Ameren in the first quarter valued at $25,000. Roxbury Financial LLC bought a new stake in Ameren in the fourth quarter valued at $27,000. Quarry LP bought a new stake in Ameren in the fourth quarter valued at $31,000. Finally, SouthState Corp bought a new stake in Ameren in the first quarter valued at $34,000. Institutional investors own 79.09% of the company’s stock.
Ameren Company Profile
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.
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