Ameren Corporation (NYSE:AEE) has been given an average rating of “Hold” by the seven analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $53.67.
A number of brokerages recently issued reports on AEE. Zacks Investment Research downgraded Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Goldman Sachs Group, Inc. (The) downgraded Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target for the company. in a research report on Monday, June 26th. Morgan Stanley restated an “equal weight” rating on shares of Ameren Corporation in a research report on Friday, September 8th. Finally, BidaskClub upgraded Ameren Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th.
Shares of Ameren Corporation (AEE) traded up 0.12% during midday trading on Wednesday, hitting $60.41. 1,159,327 shares of the stock were exchanged. The firm’s 50-day moving average is $59.39 and its 200 day moving average is $56.79. Ameren Corporation has a 52-week low of $46.97 and a 52-week high of $60.91. The firm has a market cap of $14.66 billion, a PE ratio of 21.14 and a beta of 0.36.
Ameren Corporation (NYSE:AEE) last posted its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm posted $0.61 earnings per share. Ameren Corporation’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts forecast that Ameren Corporation will post $2.80 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.4575 per share. This represents a $1.83 annualized dividend and a dividend yield of 3.03%. This is an increase from Ameren Corporation’s previous quarterly dividend of $0.44. Ameren Corporation’s dividend payout ratio (DPR) is 61.54%.
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Large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. bought a new stake in shares of Ameren Corporation during the second quarter worth $111,000. Acropolis Investment Management LLC lifted its position in shares of Ameren Corporation by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 11 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Ameren Corporation by 2.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 56 shares during the last quarter. V Wealth Management LLC bought a new stake in shares of Ameren Corporation during the second quarter worth $138,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Ameren Corporation by 367.3% during the first quarter. Tower Research Capital LLC TRC now owns 2,612 shares of the utilities provider’s stock worth $143,000 after purchasing an additional 2,053 shares during the last quarter. Institutional investors and hedge funds own 69.80% of the company’s stock.
Ameren Corporation Company Profile
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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