Ameren (NYSE:AEE) Price Target Raised to $109.00

by · The Markets Daily

Ameren (NYSE:AEE – Free Report) had its price target upped by Morgan Stanley from $108.00 to $109.00 in a research note released on Wednesday, MarketBeat reports. The firm currently has an equal weight rating on the utilities provider’s stock.

Several other analysts have also issued reports on AEE. Truist Financial lowered their price target on shares of Ameren from $120.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. JPMorgan Chase & Co. upped their price target on shares of Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ameren in a report on Friday, August 7th. KeyCorp lifted their price objective on shares of Ameren from $116.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, October 13th. Finally, Wall Street Zen upgraded shares of Ameren from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.74.

Read Our Latest Research Report on AEE

Ameren Trading Down 0.9%

Shares of AEE opened at $107.93 on Wednesday. The business has a 50-day moving average of $104.33 and a 200 day moving average of $108.44. Ameren has a fifty-two week low of $96.57 and a fifty-two week high of $118.32. The firm has a market cap of $29.88 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 3.18 and a beta of 0.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53.

Ameren (NYSE:AEE – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Ameren had a return on equity of 10.95% and a net margin of 17.86%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, research analysts forecast that Ameren will post 5.40 EPS for the current year.

Ameren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, December 8th. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. Ameren’s dividend payout ratio is 52.82%.

Insiders Place Their Bets

In other Ameren news, Director Rafael Flores sold 248 shares of Ameren stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $105.53, for a total transaction of $26,171.44. Following the completion of the transaction, the director owned 13,888 shares of the company’s stock, valued at $1,465,600.64. The trade was a 1.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $108.96, for a total value of $708,240.00. Following the sale, the insider owned 199,689 shares in the company, valued at approximately $21,758,113.44. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,073 shares of company stock worth $769,814 in the last quarter. 0.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ameren

Large investors have recently modified their holdings of the company. Signaturefd LLC grew its stake in Ameren by 48.2% during the third quarter. Signaturefd LLC now owns 11,547 shares of the utilities provider’s stock valued at $1,148,000 after acquiring an additional 3,758 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in Ameren by 4.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 6,928 shares of the utilities provider’s stock worth $688,000 after acquiring an additional 314 shares during the period. Tectonic Advisors LLC increased its holdings in Ameren by 30.4% during the 3rd quarter. Tectonic Advisors LLC now owns 11,172 shares of the utilities provider’s stock worth $1,110,000 after acquiring an additional 2,603 shares during the period. Wedbush Securities Inc. lifted its stake in Ameren by 6.1% in the 3rd quarter. Wedbush Securities Inc. now owns 12,232 shares of the utilities provider’s stock worth $1,216,000 after purchasing an additional 706 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Ameren by 10.6% in the 3rd quarter. Inspire Investing LLC now owns 14,974 shares of the utilities provider’s stock worth $1,488,000 after purchasing an additional 1,439 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.

About Ameren

(Get Free Report)

Ameren Corporation is a regulated electric and natural gas utility holding company headquartered in St. Louis, Missouri. Through its operating companies, Ameren Missouri and Ameren Illinois, the company provides electric generation, transmission and distribution services, as well as natural gas distribution.

Ameren serves approximately 2.5 million electric customers and more than 900,000 natural gas customers across Missouri and Illinois. Its operations include a diverse generation portfolio and infrastructure designed to deliver reliable energy to residential, commercial and industrial customers, while supporting the transition toward cleaner energy resources.

Ameren was formed in 1997 through the merger of Union Electric Company and CIPSCO Inc The company is led by Martin J.

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