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.

Ameren (NYSE:AEE) last posted its earnings results on Friday, August 2nd. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.43 billion. Ameren had a return on equity of 10.31% and a net margin of 13.08%. During the same period in the previous year, the company posted $0.97 earnings per share. Research analysts predict that Ameren will post 3.24 earnings per share for the current fiscal year.

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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Analyst Recommendations for Ameren (NYSE:AEE)

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