Brokerages Set Ameren Corp (AEE) Target Price at $70.40

Shares of Ameren Corp (NYSE:AEE) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $70.40.

AEE has been the topic of several analyst reports. KeyCorp initiated coverage on shares of Ameren in a research report on Tuesday. They set a “sector weight” rating on the stock. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Zacks Investment Research raised shares of Ameren from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Morgan Stanley set a $73.00 price target on shares of Ameren and gave the stock a “hold” rating in a research report on Friday, February 22nd. Finally, Wells Fargo & Co boosted their price target on shares of Ameren from $73.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, February 11th.

In other Ameren news, insider Shawn E. Schukar sold 1,200 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $75.27, for a total transaction of $90,324.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Ameren by 6,342.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,701,785 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 1,675,368 shares during the last quarter. Berman Capital Advisors LLC acquired a new position in shares of Ameren during the 4th quarter worth about $27,000. Cornerstone Advisors Inc. increased its stake in shares of Ameren by 104.9% during the 1st quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 191 shares during the last quarter. Cresset Asset Management LLC acquired a new position in shares of Ameren during the 1st quarter worth about $30,000. Finally, Bremer Trust National Association acquired a new position in Ameren in the 4th quarter valued at about $31,000. Institutional investors own 71.92% of the company’s stock.

AEE traded up $0.46 during trading on Monday, hitting $76.60. The company had a trading volume of 11,883 shares, compared to its average volume of 1,210,545. The stock has a market capitalization of $18.70 billion, a P/E ratio of 22.71, a P/E/G ratio of 3.65 and a beta of 0.27. Ameren has a one year low of $55.21 and a one year high of $76.30. The company has a current ratio of 0.59, a quick ratio of 0.43 and a debt-to-equity ratio of 1.05.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Thursday, May 9th. The utilities provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.70 by $0.08. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Ameren had a net margin of 13.65% and a return on equity of 11.22%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. On average, equities research analysts predict that Ameren will post 3.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.475 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.90 annualized dividend and a yield of 2.48%. Ameren’s dividend payout ratio (DPR) is presently 56.38%.

Ameren Company Profile

Ameren Corporation 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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Analyst Recommendations for Ameren (NYSE:AEE)

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