SunTrust Banks Lowers Ameren (NYSE:AEE) Price Target to $81.00
Ameren (NYSE:AEE) had its price objective cut by investment analysts at SunTrust Banks from $84.00 to $81.00 in a note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm presently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ price objective points to a potential upside of 7.27% from the company’s current price.
Several other brokerages have also recently weighed in on AEE. Wolfe Research raised shares of Ameren from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Thursday, September 12th. Argus raised shares of Ameren from a “hold” rating to a “buy” rating in a research note on Thursday, July 25th. Morgan Stanley raised their price target on shares of Ameren from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Bank of America raised shares of Ameren from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 17th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Ameren from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Ameren currently has a consensus rating of “Hold” and a consensus target price of $76.33.
NYSE AEE traded down $0.29 during trading hours on Wednesday, reaching $75.51. 128,121 shares of the company’s stock were exchanged, compared to its average volume of 1,596,066. The company’s 50-day moving average is $77.70 and its two-hundred day moving average is $75.46. Ameren has a one year low of $62.51 and a one year high of $80.85. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.39 and a current ratio of 0.55. The company has a market capitalization of $18.94 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 3.71 and a beta of 0.22.
Large investors have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. lifted its holdings in Ameren by 12.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 1,683,713 shares of the utilities provider’s stock valued at $123,837,000 after purchasing an additional 180,870 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in Ameren during the 1st quarter valued at $118,000. Marshall Wace LLP acquired a new stake in Ameren during the 1st quarter valued at $3,690,000. Clearbridge Investments LLC lifted its holdings in Ameren by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 752,789 shares of the utilities provider’s stock valued at $55,368,000 after purchasing an additional 1,968 shares during the last quarter. Finally, FMR LLC lifted its holdings in Ameren by 13.7% during the 1st quarter. FMR LLC now owns 4,290,891 shares of the utilities provider’s stock valued at $315,597,000 after purchasing an additional 518,279 shares during the last quarter. 70.95% of the stock is owned by institutional investors and hedge funds.
Ameren Company Profile
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.
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