Brokerages Set Ameren Corp (AEE) Target Price at $67.14
Ameren Corp (NYSE:AEE) has earned a consensus rating of “Hold” from the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $67.14.
AEE has been the subject of a number of research reports. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Wells Fargo & Co raised their price objective on shares of Ameren from $67.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Wolfe Research downgraded shares of Ameren from an “outperform” rating to a “hold” rating in a report on Friday, October 26th. Barclays raised their price objective on shares of Ameren from $63.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, November 1st. Finally, UBS Group downgraded shares of Ameren from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Thursday, November 29th.
Shares of NYSE AEE traded down $0.26 during trading hours on Friday, hitting $65.55. 873,600 shares of the stock were exchanged, compared to its average volume of 1,417,225. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.98. The company has a market cap of $15.73 billion, a P/E ratio of 23.16, a P/E/G ratio of 2.89 and a beta of 0.24. Ameren has a one year low of $51.89 and a one year high of $70.95.
In related news, SVP Gregory L. Nelson sold 10,000 shares of the stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $69.00, for a total transaction of $690,000.00. Following the completion of the sale, the senior vice president now owns 46,095 shares in the company, valued at approximately $3,180,555. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael L. Moehn sold 8,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $69.00, for a total transaction of $552,000.00. Following the completion of the sale, the insider now owns 80,567 shares of the company’s stock, valued at approximately $5,559,123. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of AEE. Private Advisor Group LLC acquired a new stake in Ameren in the 2nd quarter valued at about $355,000. Oppenheimer & Co. Inc. acquired a new stake in Ameren in the 2nd quarter valued at about $318,000. Brown Advisory Inc. increased its position in Ameren by 19.7% in the 2nd quarter. Brown Advisory Inc. now owns 5,108 shares of the utilities provider’s stock valued at $311,000 after acquiring an additional 839 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Ameren by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 584,934 shares of the utilities provider’s stock valued at $35,593,000 after acquiring an additional 7,918 shares in the last quarter. Finally, FMR LLC increased its position in Ameren by 10.8% in the 2nd quarter. FMR LLC now owns 966,205 shares of the utilities provider’s stock valued at $58,794,000 after acquiring an additional 94,229 shares in the last quarter. Hedge funds and other institutional investors own 72.40% of the company’s stock.
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.
Recommended Story: Cost of Equity
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.