Ameren Co. (NYSE:AEE – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday after Barclays raised their price target on the stock from $77.00 to $88.00. Barclays currently has an overweight rating on the stock. Ameren traded as high as $88.51 and last traded at $88.24, with a volume of 193053 shares traded. The stock had previously closed at $87.25.
Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company increased their price objective on shares of Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Bank of America increased their price objective on shares of Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. BMO Capital Markets raised their price target on shares of Ameren from $84.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Mizuho raised shares of Ameren from a “neutral” rating to an “outperform” rating and raised their price target for the company from $82.00 to $89.00 in a report on Monday, September 16th. Finally, Argus raised shares of Ameren to a “strong-buy” rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.80.
Get Our Latest Analysis on AEE
Insider Transactions at Ameren
Institutional Trading of Ameren
Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in Ameren by 115.3% during the 2nd quarter. Versant Capital Management Inc now owns 366 shares of the utilities provider’s stock valued at $26,000 after buying an additional 196 shares during the period. First Command Advisory Services Inc. acquired a new position in Ameren during the 2nd quarter valued at about $26,000. Farmers & Merchants Investments Inc. increased its stake in Ameren by 117.6% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 370 shares of the utilities provider’s stock valued at $27,000 after buying an additional 200 shares during the period. Pathway Financial Advisers LLC acquired a new position in Ameren during the 1st quarter valued at about $31,000. Finally, EntryPoint Capital LLC increased its stake in Ameren by 108.1% during the 1st quarter. EntryPoint Capital LLC now owns 435 shares of the utilities provider’s stock valued at $32,000 after buying an additional 226 shares during the period. 79.09% of the stock is currently owned by institutional investors.
Ameren Stock Performance
The stock has a market cap of $23.45 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.82 and a beta of 0.45. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.45 and a current ratio of 0.67. The company’s 50 day simple moving average is $84.15 and its 200 day simple moving average is $77.20.
Ameren (NYSE:AEE – Get Free Report) last released its earnings results on Thursday, August 1st. The utilities provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. Ameren had a net margin of 16.28% and a return on equity of 10.20%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the firm earned $0.90 EPS. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Ameren Co. will post 4.62 earnings per share for the current year.
Ameren Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.05%. Ameren’s payout ratio is currently 61.61%.
About Ameren
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.
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