Ameren Corporation (NYSE:AEE) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

AEE has been the subject of several other research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Ameren Corporation in a report on Monday, July 10th. Goldman Sachs Group, Inc. (The) downgraded Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target for the company. in a report on Monday, June 26th. Finally, Barclays PLC downgraded Ameren Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $60.00 to $58.00 in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Ameren Corporation currently has an average rating of “Hold” and a consensus price target of $55.20.

Ameren Corporation (AEE) traded up 0.18% during midday trading on Friday, reaching $60.37. 1,089,120 shares of the company were exchanged. The firm has a market cap of $14.65 billion, a P/E ratio of 21.13 and a beta of 0.36. Ameren Corporation has a one year low of $46.84 and a one year high of $60.58. The firm’s 50-day moving average is $57.04 and its 200-day moving average is $55.56.

Ameren Corporation (NYSE:AEE) last released its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $0.61 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts expect that Ameren Corporation will post $2.81 EPS for the current fiscal year.

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In other Ameren Corporation news, Chairman Warner L. Baxter sold 13,310 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $56.23, for a total transaction of $748,421.30. Following the completion of the sale, the chairman now owns 145,939 shares of the company’s stock, valued at approximately $8,206,149.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.

A number of large investors have recently made changes to their positions in AEE. Ngam Advisors L.P. increased its stake in Ameren Corporation by 57.3% in the first quarter. Ngam Advisors L.P. now owns 37,363 shares of the utilities provider’s stock worth $2,040,000 after buying an additional 13,603 shares in the last quarter. Credit Suisse AG increased its stake in Ameren Corporation by 17.5% in the first quarter. Credit Suisse AG now owns 355,359 shares of the utilities provider’s stock worth $19,399,000 after buying an additional 52,967 shares in the last quarter. Conning Inc. increased its stake in Ameren Corporation by 1.3% in the first quarter. Conning Inc. now owns 6,435 shares of the utilities provider’s stock worth $351,000 after buying an additional 80 shares in the last quarter. Archford Capital Strategies LLC purchased a new stake in Ameren Corporation during the first quarter worth $1,462,000. Finally, Swiss National Bank increased its stake in Ameren Corporation by 24.8% in the first quarter. Swiss National Bank now owns 968,193 shares of the utilities provider’s stock worth $52,854,000 after buying an additional 192,100 shares in the last quarter. 71.07% of the stock is owned by institutional investors and hedge funds.

Ameren Corporation Company Profile

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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