JPMorgan Chase & Co. Cuts Ameren (NYSE:AEE) Price Target to $120.00

Ameren (NYSE:AEE) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $123.00 to $120.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 9.85% from the stock’s current price.

A number of other analysts also recently issued reports on AEE. Barclays raised their price target on shares of Ameren from $104.00 to $116.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Morgan Stanley reduced their target price on Ameren from $119.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Weiss Ratings raised Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Truist Financial initiated coverage on Ameren in a report on Monday, April 20th. They set a “buy” rating and a $126.00 price target for the company. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $116.00 price objective on shares of Ameren in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Ameren Trading Up 0.1%

Ameren stock traded up $0.15 during trading on Thursday, reaching $109.24. 479,074 shares of the company were exchanged, compared to its average volume of 1,702,250. Ameren has a 52-week low of $93.50 and a 52-week high of $115.58. The company has a market capitalization of $30.23 billion, a P/E ratio of 19.65, a PEG ratio of 2.20 and a beta of 0.50. The stock’s 50 day simple moving average is $110.77 and its two-hundred day simple moving average is $106.04. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.62 and a quick ratio of 0.44.

Ameren (NYSE:AEE) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the company earned $1.07 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities research analysts expect that Ameren will post 5.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AEE. Caitong International Asset Management Co. Ltd lifted its stake in Ameren by 285.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 197 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Ameren in the third quarter valued at approximately $29,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Ameren in the fourth quarter valued at approximately $29,000. Osterweis Capital Management Inc. increased its stake in Ameren by 6,040.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after buying an additional 302 shares during the period. Finally, Sound Income Strategies LLC increased its stake in Ameren by 6,080.0% during the 4th quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock worth $32,000 after buying an additional 304 shares during the period. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

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.