Ameren Corp (NYSE:AEE) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $66.36 and last traded at $66.10, with a volume of 67244 shares changing hands. The stock had previously closed at $65.10.
Several research analysts have issued reports on AEE shares. Morgan Stanley dropped their price target on Ameren from $61.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 13th. Barclays started coverage on Ameren in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 price target on the stock. Wells Fargo & Co upped their price target on Ameren from $67.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, September 17th. Finally, SunTrust Banks started coverage on Ameren in a report on Wednesday, September 26th. They issued a “hold” rating and a $64.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ameren presently has a consensus rating of “Hold” and a consensus target price of $64.56.
The company has a current ratio of 0.62, a quick ratio of 0.45 and a debt-to-equity ratio of 1.01. The company has a market cap of $15.43 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 3.01 and a beta of 0.20.
Ameren (NYSE:AEE) last announced its earnings results on Friday, August 3rd. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.18. Ameren had a net margin of 9.85% and a return on equity of 10.60%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the business earned $0.79 EPS. The company’s revenue was up 1.7% on a year-over-year basis. On average, equities research analysts anticipate that Ameren Corp will post 3.25 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Wednesday, September 12th were paid a dividend of $0.4575 per share. This represents a $1.83 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Tuesday, September 11th. Ameren’s dividend payout ratio (DPR) is currently 64.66%.
A number of large investors have recently made changes to their positions in the business. Visionary Asset Management Inc. acquired a new stake in Ameren during the 3rd quarter valued at $219,000. Summit X LLC raised its stake in Ameren by 7.3% during the 2nd quarter. Summit X LLC now owns 11,818 shares of the utilities provider’s stock valued at $718,000 after purchasing an additional 799 shares during the period. Royal London Asset Management Ltd. acquired a new stake in Ameren during the 2nd quarter valued at $6,240,000. BDO Wealth Advisors LLC acquired a new stake in Ameren during the 2nd quarter valued at $262,000. Finally, Schroder Investment Management Group raised its stake in Ameren by 94.0% during the 2nd quarter. Schroder Investment Management Group now owns 95,361 shares of the utilities provider’s stock valued at $5,801,000 after purchasing an additional 46,205 shares during the period. 70.46% of the stock is currently owned by institutional investors.
Ameren Company Profile (NYSE:AEE)
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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