Ameren Corp (AEE) Given Average Rating of “Hold” by Analysts

Shares of Ameren Corp (NYSE:AEE) have received an average recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $69.00.

AEE has been the subject of several research reports. Wells Fargo & Co upped their price target on shares of Ameren from $73.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, February 11th. Wolfe Research lowered shares of Ameren from an “outperform” rating to a “hold” rating in a report on Friday, October 26th. UBS Group lowered shares of Ameren from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a report on Thursday, November 29th. ValuEngine lowered shares of Ameren from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Barclays increased their target price on shares of Ameren from $63.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, November 1st.

A number of institutional investors have recently added to or reduced their stakes in AEE. V Wealth Advisors LLC grew its holdings in Ameren by 4.7% during the 4th quarter. V Wealth Advisors LLC now owns 3,330 shares of the utilities provider’s stock valued at $216,000 after buying an additional 150 shares in the last quarter. HCR Wealth Advisors grew its holdings in Ameren by 1.9% during the 4th quarter. HCR Wealth Advisors now owns 8,417 shares of the utilities provider’s stock valued at $549,000 after buying an additional 154 shares in the last quarter. Dupont Capital Management Corp grew its holdings in Ameren by 5.6% during the 4th quarter. Dupont Capital Management Corp now owns 3,119 shares of the utilities provider’s stock valued at $203,000 after buying an additional 166 shares in the last quarter. Cigna Investments Inc. New grew its holdings in Ameren by 1.9% during the 4th quarter. Cigna Investments Inc. New now owns 11,757 shares of the utilities provider’s stock valued at $767,000 after buying an additional 222 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Ameren by 11.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,182 shares of the utilities provider’s stock valued at $142,000 after buying an additional 227 shares in the last quarter. 72.77% of the stock is owned by institutional investors.

NYSE AEE opened at $72.18 on Friday. Ameren has a 52 week low of $53.08 and a 52 week high of $72.18. The stock has a market cap of $17.50 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 3.14 and a beta of 0.31. The company has a quick ratio of 0.39, a current ratio of 0.57 and a debt-to-equity ratio of 1.01.

Ameren (NYSE:AEE) last released its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.04). Ameren had a net margin of 12.95% and a return on equity of 10.87%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the company earned $0.39 EPS. Ameren’s revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that Ameren will post 3.3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Wednesday, March 13th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 2.63%. The ex-dividend date is Tuesday, March 12th. Ameren’s dividend payout ratio is 56.38%.

About Ameren

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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Analyst Recommendations for Ameren (NYSE:AEE)

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