Truist Financial Boosts Ameren (NYSE:AEE) Price Target to $124.00

Ameren (NYSE:AEE) had its target price hoisted by equities research analysts at Truist Financial from $121.00 to $124.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Truist Financial’s price target suggests a potential upside of 11.11% from the stock’s current price.

A number of other equities analysts have also commented on AEE. Morgan Stanley set a $115.00 price objective on shares of Ameren in a research report on Wednesday, June 24th. BTIG Research started coverage on shares of Ameren in a report on Thursday, April 9th. They set a “buy” rating and a $131.00 target price on the stock. JPMorgan Chase & Co. raised shares of Ameren from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $120.00 to $126.00 in a report on Thursday, May 21st. Wall Street Zen cut shares of Ameren from a “hold” rating to a “sell” rating in a research note on Monday, May 25th. Finally, Argus raised their price target on shares of Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.67.

Ameren Stock Performance

Shares of AEE opened at $111.60 on Thursday. Ameren has a 52-week low of $96.57 and a 52-week high of $118.32. The stock’s 50-day simple moving average is $110.52 and its 200 day simple moving average is $108.82. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.62. The stock has a market capitalization of $30.88 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.74 and a beta of 0.47.

Ameren (NYSE:AEE) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.24 billion. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.07 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Research analysts forecast that Ameren will post 5.38 EPS for the current fiscal year.

Insider Activity

In other news, SVP Theresa A. Shaw sold 325 shares of Ameren stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $109.08, for a total transaction of $35,451.00. Following the completion of the sale, the senior vice president owned 32,618 shares in the company, valued at approximately $3,557,971.44. This trade represents a 0.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Ameren by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock valued at $3,559,565,000 after purchasing an additional 495,945 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Ameren by 2.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,885,476 shares of the utilities provider’s stock worth $1,586,324,000 after buying an additional 362,052 shares in the last quarter. State Street Corp increased its holdings in shares of Ameren by 3.3% in the 4th quarter. State Street Corp now owns 14,503,721 shares of the utilities provider’s stock worth $1,448,342,000 after buying an additional 457,876 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Ameren by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,223,010 shares of the utilities provider’s stock worth $597,673,000 after buying an additional 179,137 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Ameren by 11.5% in the 1st quarter. Janus Henderson Group PLC now owns 5,377,156 shares of the utilities provider’s stock worth $591,056,000 after buying an additional 553,164 shares during the last quarter. 79.09% of the stock is currently owned by institutional investors.

About Ameren

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.