Ameren Corp (NYSE:AEE) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.
Several other research firms have also recently weighed in on AEE. Barclays PLC cut Ameren Corp from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $60.00 to $58.00 in a report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) cut Ameren Corp from a “neutral” rating to a “sell” rating and set a $51.00 price target on the stock. in a report on Monday, June 26th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Ameren Corp in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Ameren Corp currently has a consensus rating of “Hold” and an average target price of $55.20.
Ameren Corp (NYSE:AEE) opened at 60.37 on Friday. Ameren Corp has a one year low of $46.84 and a one year high of $60.58. The firm’s 50-day moving average price is $57.04 and its 200-day moving average price is $55.56. The company has a market cap of $14.65 billion, a PE ratio of 21.13 and a beta of 0.36.
Ameren Corp (NYSE:AEE) last released its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.10. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Ameren Corp had a return on equity of 10.89% and a net margin of 12.61%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 EPS. On average, equities research analysts forecast that Ameren Corp will post $2.81 earnings per share for the current fiscal year.
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In other news, Chairman Warner L. Baxter sold 13,310 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $56.23, for a total value of $748,421.30. Following the completion of the sale, the chairman now directly owns 145,939 shares in the company, valued at approximately $8,206,149.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.38% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Bessemer Group Inc. bought a new stake in Ameren Corp during the second quarter valued at approximately $111,000. Acropolis Investment Management LLC raised its stake in Ameren Corp by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after buying an additional 11 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Ameren Corp by 2.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock valued at $132,000 after buying an additional 56 shares during the period. Parkside Financial Bank & Trust raised its stake in Ameren Corp by 6.8% in the first quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock valued at $136,000 after buying an additional 159 shares during the period. Finally, V Wealth Management LLC bought a new stake in Ameren Corp during the second quarter valued at approximately $138,000. Hedge funds and other institutional investors own 71.07% of the company’s stock.
Ameren Corp 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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