Shares of Ameren Corp (NYSE:AEE) have been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $58.83.
A number of brokerages recently commented on AEE. UBS upgraded shares of Ameren from a “neutral” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Monday, April 2nd. Gabelli began coverage on shares of Ameren in a research report on Tuesday, March 27th. They issued a “buy” rating and a $66.00 target price on the stock. Zacks Investment Research cut shares of Ameren from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Morgan Stanley set a $53.00 target price on shares of Ameren and gave the stock a “sell” rating in a research report on Tuesday, February 13th.
Shares of Ameren stock traded down $0.31 on Wednesday, hitting $57.13. 2,826,107 shares of the company traded hands, compared to its average volume of 1,679,003. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.37 and a current ratio of 0.55. The stock has a market cap of $13,936.94, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 2.75 and a beta of 0.26. Ameren has a 12-month low of $51.89 and a 12-month high of $64.89.
Ameren (NYSE:AEE) last issued its earnings results on Friday, February 16th. The utilities provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Ameren had a net margin of 8.47% and a return on equity of 9.43%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. analysts predict that Ameren will post 3.02 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, March 14th were given a $0.4575 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, March 13th. Ameren’s payout ratio is presently 64.66%.
In other Ameren news, CAO Bruce A. Steinke sold 1,952 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $54.28, for a total value of $105,954.56. Following the sale, the chief accounting officer now owns 41,120 shares of the company’s stock, valued at approximately $2,231,993.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Martin J. Lyons sold 13,111 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $54.52, for a total transaction of $714,811.72. The disclosure for this sale can be found here. In the last three months, insiders sold 16,986 shares of company stock worth $925,147. Insiders own 0.44% of the company’s stock.
A number of institutional investors have recently made changes to their positions in AEE. Delpha Capital Management LLC bought a new stake in Ameren in the 4th quarter worth $106,000. Cerebellum GP LLC bought a new stake in Ameren in the 4th quarter worth $123,000. Focused Wealth Management Inc bought a new stake in Ameren in the 4th quarter worth $165,000. Acropolis Investment Management LLC grew its holdings in Ameren by 101.9% in the 4th quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock worth $200,000 after acquiring an additional 1,712 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in Ameren in the 4th quarter worth $200,000. 69.77% of the stock is currently owned by institutional investors and hedge funds.
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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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