Ameren Corp (NYSE:AEE) – Analysts at SunTrust Banks increased their FY2019 earnings per share estimates for Ameren in a research report issued on Monday, November 11th. SunTrust Banks analyst A. Agha now forecasts that the utilities provider will post earnings per share of $3.28 for the year, up from their prior forecast of $3.25. SunTrust Banks currently has a “Hold” rating and a $81.00 target price on the stock. SunTrust Banks also issued estimates for Ameren’s Q2 2020 earnings at $0.75 EPS and Q2 2021 earnings at $0.82 EPS.
Ameren (NYSE:AEE) last issued its earnings results on Friday, November 8th. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.01. Ameren had a return on equity of 10.10% and a net margin of 13.34%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year.
Several other research firms have also commented on AEE. ValuEngine lowered Ameren from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Argus upgraded Ameren from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Morgan Stanley lifted their price target on Ameren from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. UBS Group upgraded Ameren from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $83.00 to $86.00 in a research report on Tuesday, October 29th. Finally, Bank of America upgraded Ameren from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 17th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $79.83.
AEE opened at $74.20 on Tuesday. The firm has a market cap of $18.14 billion, a P/E ratio of 22.02, a P/E/G ratio of 3.53 and a beta of 0.19. Ameren has a 12 month low of $62.51 and a 12 month high of $80.85. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average of $77.26 and a 200 day moving average of $76.03.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEE. Retirement Systems of Alabama boosted its position in shares of Ameren by 0.5% during the second quarter. Retirement Systems of Alabama now owns 114,532 shares of the utilities provider’s stock valued at $8,602,000 after buying an additional 617 shares during the period. NN Investment Partners Holdings N.V. boosted its position in shares of Ameren by 363.7% during the second quarter. NN Investment Partners Holdings N.V. now owns 94,309 shares of the utilities provider’s stock valued at $7,084,000 after buying an additional 73,971 shares during the period. 6 Meridian boosted its position in shares of Ameren by 2.0% during the second quarter. 6 Meridian now owns 7,241 shares of the utilities provider’s stock valued at $544,000 after buying an additional 139 shares during the period. Raymond James Trust N.A. boosted its position in shares of Ameren by 26.5% during the second quarter. Raymond James Trust N.A. now owns 7,720 shares of the utilities provider’s stock valued at $580,000 after buying an additional 1,617 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Ameren by 10.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 58,664 shares of the utilities provider’s stock valued at $4,406,000 after buying an additional 5,700 shares during the period. Institutional investors own 70.98% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be given a $0.495 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.98 annualized dividend and a yield of 2.67%. This is a positive change from Ameren’s previous quarterly dividend of $0.48. Ameren’s dividend payout ratio (DPR) is currently 56.38%.
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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