Ameren Corporation (NYSE:AEE) Given Average Rating of “Moderate Buy” by Brokerages
by Teresa Graham · The Cerbat GemShares of Ameren Corporation (NYSE:AEE – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $102.80.
AEE has been the subject of several recent research reports. KeyCorp set a $104.00 price objective on shares of Ameren and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Barclays lowered their price objective on shares of Ameren from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. UBS Group raised their price objective on shares of Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Morgan Stanley reissued an “outperform” rating on shares of Ameren in a research note on Thursday, August 21st. Finally, The Goldman Sachs Group upgraded shares of Ameren from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th.
Get Our Latest Stock Report on Ameren
Ameren Price Performance
Shares of AEE opened at $100.41 on Friday. The firm has a 50-day simple moving average of $99.74 and a two-hundred day simple moving average of $98.31. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. Ameren has a 1-year low of $82.95 and a 1-year high of $104.10. The stock has a market cap of $27.15 billion, a PE ratio of 22.07, a P/E/G ratio of 2.55 and a beta of 0.47.
Ameren (NYSE:AEE – Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, beating the consensus estimate of $1.00 by $0.01. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The business’s revenue for the quarter was up 31.2% compared to the same quarter last year. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, analysts forecast that Ameren will post 4.93 EPS for the current year.
Ameren Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be paid a $0.71 dividend. The ex-dividend date is Tuesday, September 9th. This represents a $2.84 dividend on an annualized basis and a yield of 2.8%. Ameren’s payout ratio is currently 62.42%.
Insider Transactions at Ameren
In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $101.79, for a total value of $101,790.00. Following the completion of the transaction, the senior vice president owned 9,129 shares in the company, valued at $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Merit Financial Group LLC purchased a new position in Ameren in the first quarter worth approximately $204,000. J.W. Cole Advisors Inc. purchased a new position in Ameren in the first quarter worth approximately $897,000. Allianz Asset Management GmbH purchased a new stake in shares of Ameren during the 1st quarter worth approximately $13,552,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ameren by 6.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,926 shares of the utilities provider’s stock worth $1,699,000 after buying an additional 963 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Ameren by 5.3% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,741 shares of the utilities provider’s stock worth $275,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.
About Ameren
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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