ValuEngine downgraded shares of Ameren (NYSE:AEE) from a buy rating to a hold rating in a research note released on Monday morning.

AEE has been the topic of several other reports. Zacks Investment Research cut Ameren from a hold rating to a sell rating in a research report on Tuesday, October 10th. BidaskClub upgraded shares of Ameren from a hold rating to a buy rating in a research report on Friday, August 11th. Bank of America started coverage on shares of Ameren in a research report on Tuesday, October 24th. They issued a neutral rating and a $62.00 price objective on the stock. Morgan Stanley upped their price objective on shares of Ameren from $56.00 to $57.00 and gave the stock an overweight rating in a research report on Thursday, August 10th. Finally, KeyCorp restated a hold rating on shares of Ameren in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a strong buy rating to the company. Ameren has a consensus rating of Hold and an average price target of $56.00.

Shares of Ameren (NYSE:AEE) opened at $62.71 on Monday. Ameren has a 52-week low of $48.80 and a 52-week high of $64.89. The firm has a market capitalization of $15,307.83, a PE ratio of 24.45, a PEG ratio of 3.37 and a beta of 0.36. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.92.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.07). Ameren had a net margin of 10.03% and a return on equity of 8.61%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. sell-side analysts predict that Ameren will post 2.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 13th will be given a $0.4575 dividend. This represents a $1.83 annualized dividend and a dividend yield of 2.92%. This is a boost from Ameren’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, December 12th. Ameren’s dividend payout ratio is 69.84%.

In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the transaction, the senior vice president now directly owns 36,785 shares in the company, valued at $2,305,683.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Moisand Fitzgerald Tamayo LLC bought a new position in Ameren during the third quarter valued at approximately $116,000. Bessemer Group Inc. bought a new position in Ameren during the second quarter valued at approximately $111,000. Cable Hill Partners LLC grew its position in Ameren by 400.2% during the third quarter. Cable Hill Partners LLC now owns 2,031 shares of the utilities provider’s stock valued at $117,000 after acquiring an additional 1,625 shares during the last quarter. Zeke Capital Advisors LLC purchased a new stake in shares of Ameren during the third quarter valued at approximately $201,000. Finally, Seizert Capital Partners LLC purchased a new stake in shares of Ameren during the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 70.39% of the company’s stock.

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About Ameren

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ameren (NYSE:AEE)

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