KeyCorp reiterated their hold rating on shares of Ameren Corporation (NYSE:AEE) in a research report released on Friday, October 20th. KeyCorp also issued estimates for Ameren Corporation’s Q3 2017 earnings at $1.36 EPS.
A number of other brokerages have also issued reports on AEE. BidaskClub raised Ameren Corporation from a buy rating to a strong-buy rating in a research note on Saturday, August 26th. Zacks Investment Research lowered Ameren Corporation from a buy rating to a hold rating in a research note on Monday, September 11th. Morgan Stanley reaffirmed an equal weight rating on shares of Ameren Corporation in a research note on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) lowered Ameren Corporation from a neutral rating to a sell rating and set a $51.00 price target on the stock. in a research note on Monday, June 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $56.00.
Ameren Corporation (AEE) opened at 61.80 on Friday. The stock’s 50 day moving average price is $59.76 and its 200-day moving average price is $57.26. The company has a market capitalization of $14.99 billion, a P/E ratio of 21.63 and a beta of 0.36. Ameren Corporation has a 52-week low of $46.97 and a 52-week high of $61.96.
Ameren Corporation (NYSE:AEE) last issued its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.10. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.42 billion. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. Analysts predict that Ameren Corporation will post $2.80 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.4575 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.83 dividend on an annualized basis and a yield of 2.96%. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. Ameren Corporation’s payout ratio is 61.54%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEE. FMR LLC boosted its stake in Ameren Corporation by 61.2% during the first quarter. FMR LLC now owns 211,393 shares of the utilities provider’s stock worth $11,541,000 after buying an additional 80,249 shares during the last quarter. Thrivent Financial For Lutherans raised its position in Ameren Corporation by 5.7% in the first quarter. Thrivent Financial For Lutherans now owns 9,400 shares of the utilities provider’s stock valued at $512,000 after purchasing an additional 510 shares during the period. Dimensional Fund Advisors LP raised its position in Ameren Corporation by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 556,796 shares of the utilities provider’s stock valued at $30,396,000 after purchasing an additional 34,231 shares during the period. KCG Holdings Inc. purchased a new stake in Ameren Corporation in the first quarter valued at $961,000. Finally, Bank of America Corp DE raised its position in Ameren Corporation by 2.9% in the first quarter. Bank of America Corp DE now owns 752,687 shares of the utilities provider’s stock valued at $41,089,000 after purchasing an additional 21,235 shares during the period. 69.81% of the stock is currently owned by institutional investors.
About Ameren Corporation
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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