Wolfe Research upgraded shares of Ameren (NYSE:AEE) from a market perform rating to an outperform rating in a research note released on Thursday morning, The Fly reports.
AEE has been the subject of several other reports. Morgan Stanley upped their target price on shares of Ameren from $78.00 to $80.00 and gave the stock an equal weight rating in a research report on Friday, September 6th. KeyCorp initiated coverage on shares of Ameren in a research report on Tuesday, June 4th. They issued a sector weight rating for the company. SunTrust Banks set a $82.00 target price on shares of Ameren and gave the stock a hold rating in a research report on Tuesday, September 3rd. Finally, Argus upgraded shares of Ameren from a hold rating to a buy rating in a research report on Thursday, July 25th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Ameren currently has an average rating of Hold and an average target price of $75.40.
Shares of Ameren stock traded down $0.17 during trading on Thursday, hitting $76.33. The stock had a trading volume of 107,016 shares, compared to its average volume of 1,745,884. The firm has a market cap of $18.24 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 3.57 and a beta of 0.23. Ameren has a 12 month low of $62.06 and a 12 month high of $78.88. The business’s 50-day moving average is $76.30 and its 200 day moving average is $74.45. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 1.04.
Ameren (NYSE:AEE) last released its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). The firm had revenue of $1.38 billion during 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 EPS. As a group, equities analysts expect that Ameren will post 3.24 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Wednesday, September 11th will be given a $0.475 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.90 annualized dividend and a yield of 2.49%. Ameren’s dividend payout ratio (DPR) is presently 56.38%.
A number of large investors have recently made changes to their positions in AEE. Geode Capital Management LLC grew its position in Ameren by 9.0% in the fourth quarter. Geode Capital Management LLC now owns 3,389,046 shares of the utilities provider’s stock worth $220,707,000 after acquiring an additional 279,511 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Ameren by 11.4% during the first quarter. Janney Montgomery Scott LLC now owns 7,965 shares of the utilities provider’s stock valued at $586,000 after buying an additional 813 shares during the period. Cornerstone Advisors Inc. boosted its position in Ameren by 104.9% during the first quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock valued at $27,000 after buying an additional 191 shares during the period. Victory Capital Management Inc. boosted its position in Ameren by 1,934.6% during the first quarter. Victory Capital Management Inc. now owns 73,227 shares of the utilities provider’s stock valued at $5,386,000 after buying an additional 69,628 shares during the period. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Ameren by 3.4% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 20,409 shares of the utilities provider’s stock worth $1,501,000 after purchasing an additional 664 shares during the period. Institutional investors own 70.80% of the company’s stock.
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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