Ameren Corporation (AEE) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Ameren Corporation (NYSE:AEE) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $53.67.
A number of analysts have recently commented on AEE shares. BidaskClub raised shares of Ameren Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Morgan Stanley reissued an “equal weight” rating on shares of Ameren Corporation in a research note on Friday, September 8th. Zacks Investment Research cut shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price for the company. in a research note on Monday, June 26th.
Ameren Corporation (NYSE:AEE) opened at 59.86 on Wednesday. Ameren Corporation has a 12-month low of $46.84 and a 12-month high of $60.91. The firm’s 50 day moving average is $59.39 and its 200 day moving average is $56.71. The company has a market cap of $14.52 billion, a P/E ratio of 20.95 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last released its earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.61 earnings per share. Equities research analysts anticipate that Ameren Corporation will post $2.80 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, September 13th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $1.76 dividend on an annualized basis and a yield of 2.94%. Ameren Corporation’s payout ratio is presently 61.54%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Ngam Advisors L.P. boosted its position in Ameren Corporation by 57.3% during the first quarter. Ngam Advisors L.P. now owns 37,363 shares of the utilities provider’s stock worth $2,040,000 after acquiring an additional 13,603 shares during the last quarter. Credit Suisse AG boosted its position in Ameren Corporation by 17.5% during the first quarter. Credit Suisse AG now owns 355,359 shares of the utilities provider’s stock worth $19,399,000 after acquiring an additional 52,967 shares during the last quarter. Archford Capital Strategies LLC acquired a new position in Ameren Corporation during the first quarter worth about $1,462,000. Swiss National Bank boosted its position in Ameren Corporation by 2.7% during the second quarter. Swiss National Bank now owns 994,693 shares of the utilities provider’s stock worth $54,380,000 after acquiring an additional 26,500 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Ameren Corporation by 5.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 803,132 shares of the utilities provider’s stock worth $43,843,000 after acquiring an additional 38,167 shares during the last quarter. Hedge funds and other institutional investors own 69.80% of the company’s stock.
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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