Ameren (NYSE:AEE) Given New $119.00 Price Target at BMO Capital Markets

Ameren (NYSE:AEE) had its price objective decreased by equities researchers at BMO Capital Markets from $121.00 to $119.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 6.14% from the company’s current price.

Several other research firms have also recently commented on AEE. Wells Fargo & Company restated an “overweight” rating and set a $120.00 price target on shares of Ameren in a report on Tuesday, April 21st. Weiss Ratings raised Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Barclays boosted their target price on Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Morgan Stanley set a $118.00 price target on Ameren in a research note on Wednesday. Finally, Wall Street Zen lowered Ameren from a “hold” rating to a “sell” rating in a report on Monday, May 25th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.83.

Ameren Stock Up 2.0%

Shares of NYSE AEE traded up $2.17 during mid-day trading on Wednesday, reaching $112.11. The company had a trading volume of 306,862 shares, compared to its average volume of 1,746,984. The stock has a fifty day moving average of $110.54 and a two-hundred day moving average of $109.02. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.44 and a current ratio of 0.62. The company has a market capitalization of $31.03 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.67 and a beta of 0.47. Ameren has a 12-month low of $96.57 and a 12-month high of $118.32.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities research analysts expect that Ameren will post 5.39 EPS for the current year.

Insider Buying and Selling

In other Ameren news, SVP Theresa A. Shaw sold 1,500 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total transaction of $164,025.00. Following the transaction, the senior vice president directly owned 32,943 shares of the company’s stock, valued at $3,602,317.05. This represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by insiders.

Institutional Trading of Ameren

Several large investors have recently made changes to their positions in AEE. Tema ETFs LLC increased its holdings in shares of Ameren by 9.2% during the 2nd quarter. Tema ETFs LLC now owns 5,156 shares of the utilities provider’s stock valued at $583,000 after acquiring an additional 435 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Ameren by 2.6% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,695 shares of the utilities provider’s stock valued at $2,113,000 after purchasing an additional 469 shares during the last quarter. Everpar Advisors LLC raised its position in shares of Ameren by 11.7% in the second quarter. Everpar Advisors LLC now owns 2,127 shares of the utilities provider’s stock valued at $240,000 after purchasing an additional 223 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of Ameren by 8.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,971 shares of the utilities provider’s stock valued at $4,292,000 after purchasing an additional 2,854 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Ameren in the second quarter worth $228,000. Institutional investors own 79.09% of the company’s stock.

Ameren Company Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.