ValuEngine upgraded shares of Ameren Corporation (NYSE:AEE) from a hold rating to a buy rating in a research note released on Wednesday.
Other equities research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Ameren Corporation from a hold rating to a buy rating in a research report on Friday, August 11th. Morgan Stanley raised their price objective on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an overweight rating in a research report on Thursday, August 10th. KeyCorp restated a hold rating on shares of Ameren Corporation in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Ameren Corporation from a sell rating to a hold rating in a research report on Tuesday, November 7th. Finally, Bank of America Corporation started coverage on shares of Ameren Corporation in a research report on Tuesday, October 24th. They set a neutral rating and a $62.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $56.00.
Shares of Ameren Corporation (AEE) traded down $0.49 during mid-day trading on Wednesday, reaching $64.05. 979,000 shares of the company traded hands, compared to its average volume of 1,418,707. Ameren Corporation has a 12-month low of $48.19 and a 12-month high of $64.89. The company has a market cap of $15,560.00, a P/E ratio of 25.02, a P/E/G ratio of 3.44 and a beta of 0.38. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.07). The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.87 billion. Ameren Corporation had a net margin of 10.03% and a return on equity of 8.61%. The company’s revenue was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.52 EPS. equities research analysts predict that Ameren Corporation will post 2.81 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.4575 per share. This is a boost from Ameren Corporation’s previous quarterly dividend of $0.44. The ex-dividend date is Tuesday, December 12th. This represents a $1.83 annualized dividend and a dividend yield of 2.86%. Ameren Corporation’s payout ratio is currently 69.84%.
Large investors have recently modified their holdings of the company. Swiss National Bank grew its position in shares of Ameren Corporation by 2.7% during the 2nd quarter. Swiss National Bank now owns 994,693 shares of the utilities provider’s stock worth $54,380,000 after buying an additional 26,500 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Ameren Corporation during the 2nd quarter worth approximately $307,000. Keybank National Association OH boosted its stake in Ameren Corporation by 2.4% during the 2nd quarter. Keybank National Association OH now owns 556,239 shares of the utilities provider’s stock worth $30,410,000 after acquiring an additional 13,022 shares during the last quarter. ETRADE Capital Management LLC bought a new position in Ameren Corporation during the 2nd quarter worth approximately $854,000. Finally, Captrust Financial Advisors bought a new position in Ameren Corporation during the 2nd quarter worth approximately $523,000. Institutional investors own 70.25% of the company’s stock.
About Ameren Corporation
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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