KeyCorp Comments on Ameren Co.’s FY2021 Earnings (NYSE:AEE)

Ameren Co. (NYSE:AEE) – Equities research analysts at KeyCorp lifted their FY2021 earnings per share estimates for shares of Ameren in a report issued on Wednesday, November 24th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $3.88 per share for the year, up from their previous estimate of $3.78. KeyCorp also issued estimates for Ameren’s Q4 2021 earnings at $0.52 EPS, FY2022 earnings at $3.95 EPS, FY2023 earnings at $4.26 EPS and FY2025 earnings at $4.68 EPS.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Tuesday, November 2nd. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.04. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. Ameren had a return on equity of 10.41% and a net margin of 15.86%. During the same quarter in the previous year, the business earned $1.47 earnings per share.

Several other research firms also recently issued reports on AEE. Morgan Stanley cut their target price on Ameren from $87.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Monday. Mizuho cut their price target on Ameren from $88.00 to $83.00 and set a “neutral” rating on the stock in a research report on Thursday, September 30th. They noted that the move was a valuation call. Finally, BMO Capital Markets increased their target price on shares of Ameren from $88.00 to $91.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 24th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ameren has an average rating of “Hold” and an average price target of $87.83.

Ameren stock opened at $85.76 on Thursday. The business has a fifty day moving average of $83.75 and a two-hundred day moving average of $84.57. The firm has a market cap of $22.05 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.00 and a beta of 0.31. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 1.27. Ameren has a twelve month low of $69.79 and a twelve month high of $90.77.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 31st. Stockholders of record on Wednesday, December 8th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, December 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.57%. Ameren’s dividend payout ratio is currently 57.59%.

A number of institutional investors have recently bought and sold shares of AEE. Eaton Vance Management increased its holdings in Ameren by 9.8% in the 1st quarter. Eaton Vance Management now owns 14,006 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 1,246 shares during the last quarter. Millennium Management LLC increased its holdings in Ameren by 768.5% in the 1st quarter. Millennium Management LLC now owns 172,495 shares of the utilities provider’s stock valued at $14,034,000 after purchasing an additional 152,634 shares during the last quarter. Capital Advisors Inc. OK purchased a new position in Ameren in the 1st quarter valued at approximately $211,000. Schroder Investment Management Group boosted its position in Ameren by 87.9% in the 1st quarter. Schroder Investment Management Group now owns 17,012 shares of the utilities provider’s stock valued at $1,384,000 after buying an additional 7,959 shares during the period. Finally, FormulaFolio Investments LLC purchased a new position in Ameren in the 1st quarter valued at approximately $86,000. Hedge funds and other institutional investors own 76.57% of the company’s stock.

Ameren Company Profile

Ameren Corp. is a public utility holding company, which engages in the provision of electric and natural gas services. It operates through the following segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, Ameren Transmission, and Other. The Ameren Transmission segment consists of the aggregated electric transmission businesses of Ameren Illinois and Ameren Transmission Company of Illinois (ATXI).

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Earnings History and Estimates for Ameren (NYSE:AEE)

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