Shares of Ameren Corp (NYSE:AEE) have earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $56.20.
A number of brokerages recently issued reports on AEE. Zacks Investment Research downgraded Ameren from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. UBS Group began coverage on Ameren in a research report on Friday, February 2nd. They set a “neutral” rating and a $57.00 price target on the stock. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Finally, Morgan Stanley set a $53.00 price target on Ameren and gave the stock a “sell” rating in a research report on Tuesday, February 13th.
In other Ameren news, SVP Mark C. Lindgren sold 1,923 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $54.28, for a total value of $104,380.44. Following the sale, the senior vice president now owns 57,557 shares of the company’s stock, valued at approximately $3,124,193.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Martin J. Lyons sold 13,111 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $54.52, for a total value of $714,811.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,986 shares of company stock worth $925,147. Company insiders own 0.38% of the company’s stock.
Shares of Ameren (NYSE:AEE) traded up $0.14 during trading hours on Friday, reaching $54.77. The company had a trading volume of 1,510,000 shares, compared to its average volume of 2,050,000. The firm has a market capitalization of $13,290.00, a P/E ratio of 25.47, a P/E/G ratio of 2.58 and a beta of 0.32. Ameren has a 1-year low of $51.89 and a 1-year high of $64.89. The company has a quick ratio of 0.37, a current ratio of 0.55 and a debt-to-equity ratio of 0.97.
Ameren (NYSE:AEE) last issued its quarterly earnings results on Friday, February 16th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.60 billion. Ameren had a return on equity of 9.43% and a net margin of 8.47%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 earnings per share. sell-side analysts predict that Ameren will post 3.03 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Wednesday, March 14th will be issued a $0.4575 dividend. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Tuesday, March 13th. Ameren’s dividend payout ratio is presently 85.12%.
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Ameren 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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