Ameren Corporation (AEE) Receiving Somewhat Favorable Media Coverage, Study Shows
Media headlines about Ameren Corporation (NYSE:AEE) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ameren Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.5602263206257 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Ameren Corporation (AEE) and Avangrid (AGR) Financial Review (americanbankingnews.com)
- Ameren Corp Set to Possibly Pullback After Yesterday’s Rally of 1.00% (mysmartrend.com)
- Ameren Corporation (AEE) Reached a 52-Week High – Modern Readers (modernreaders.com)
- Investor to spot High Dividend: Ameren Corporation (AEE) triggering 2.99% Yield – Voice Of Analysts (analystsbuzz.com)
- Pinnacle West's Unit Gets Rate Review Approval in Arizona (finance.yahoo.com)
Shares of Ameren Corporation (NYSE:AEE) opened at 59.21 on Monday. The company has a 50 day moving average price of $56.28 and a 200 day moving average price of $55.29. Ameren Corporation has a 12-month low of $46.84 and a 12-month high of $59.75. The stock has a market cap of $14.37 billion, a P/E ratio of 20.72 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.42 billion. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $0.61 earnings per share. Analysts anticipate that Ameren Corporation will post $2.81 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 13th will be paid a $0.44 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $1.76 dividend on an annualized basis and a yield of 2.97%. Ameren Corporation’s dividend payout ratio (DPR) is 61.54%.
A number of brokerages recently commented on AEE. BidaskClub downgraded Ameren Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Barclays PLC restated an “overweight” rating and issued a $60.00 target price (up previously from $56.00) on shares of Ameren Corporation in a research report on Sunday, April 23rd. Morgan Stanley lifted their target price on Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) downgraded Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price on the stock. in a research report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $55.20.
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In related news, Chairman Warner L. Baxter sold 13,310 shares of Ameren Corporation stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $56.23, for a total value of $748,421.30. Following the completion of the transaction, the chairman now directly owns 145,939 shares in the company, valued at $8,206,149.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by company insiders.
About Ameren Corporation
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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