Ameren Corp (NYSE:AEE) – Investment analysts at SunTrust Banks increased their FY2018 earnings per share (EPS) estimates for Ameren in a report issued on Wednesday, October 31st. SunTrust Banks analyst A. Agha now forecasts that the utilities provider will post earnings per share of $3.40 for the year, up from their prior forecast of $3.27. SunTrust Banks has a “Hold” rating and a $64.00 price target on the stock. SunTrust Banks also issued estimates for Ameren’s Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.92 EPS, Q3 2019 earnings at $1.43 EPS, Q4 2019 earnings at $0.30 EPS, Q1 2020 earnings at $0.64 EPS, Q2 2020 earnings at $1.00 EPS and Q3 2020 earnings at $1.53 EPS.
Other equities analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. Morgan Stanley cut their price target on shares of Ameren from $67.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, September 21st. Barclays started coverage on shares of Ameren in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 price target on the stock. Wolfe Research downgraded shares of Ameren from an “outperform” rating to a “hold” rating in a report on Friday, October 26th. Finally, Wells Fargo & Co increased their price target on shares of Ameren from $67.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Ameren currently has an average rating of “Hold” and a consensus price target of $65.13.
Shares of NYSE:AEE opened at $63.61 on Friday. Ameren has a twelve month low of $51.89 and a twelve month high of $67.23. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.45 and a current ratio of 0.62. The company has a market capitalization of $15.86 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 3.07 and a beta of 0.20.
Ameren (NYSE:AEE) last issued its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.19. Ameren had a net margin of 9.85% and a return on equity of 10.60%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company earned $1.24 EPS. Ameren’s quarterly revenue was up .1% on a year-over-year basis.
Hedge funds and other institutional investors have recently modified their holdings of the company. Rampart Investment Management Company LLC acquired a new stake in shares of Ameren during the 2nd quarter worth approximately $150,000. Orrstown Financial Services Inc. acquired a new stake in shares of Ameren during the 2nd quarter worth approximately $152,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of Ameren by 274.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,553 shares of the utilities provider’s stock worth $155,000 after purchasing an additional 1,871 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of Ameren during the 2nd quarter worth approximately $166,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Ameren during the 2nd quarter worth approximately $174,000. 70.72% of the stock is currently owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, December 12th will be paid a dividend of $0.475 per share. This is a boost from Ameren’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Tuesday, December 11th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.99%. Ameren’s dividend payout ratio (DPR) is presently 64.66%.
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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