Ameren (NYSE:AEE) Price Target Lowered to $117.00 at Morgan Stanley

Ameren (NYSE:AEE) had its price target decreased by equities research analysts at Morgan Stanley from $119.00 to $117.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective points to a potential upside of 6.05% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Truist Financial started coverage on Ameren in a research report on Monday. They issued a “buy” rating and a $126.00 target price for the company. JPMorgan Chase & Co. upped their target price on Ameren from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Barclays upped their target price on Ameren from $104.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Argus upped their target price on Ameren from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Finally, UBS Group upped their target price on Ameren from $125.00 to $127.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Ameren presently has an average rating of “Moderate Buy” and an average price target of $117.31.

Ameren Stock Performance

AEE stock traded down $0.95 on Tuesday, reaching $110.33. The company’s stock had a trading volume of 254,385 shares, compared to its average volume of 1,694,393. Ameren has a 52 week low of $93.27 and a 52 week high of $115.53. The company has a market capitalization of $30.52 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 2.29 and a beta of 0.52. The firm has a fifty day moving average of $110.67 and a two-hundred day moving average of $105.40. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.66 and a quick ratio of 0.46.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Ameren had a return on equity of 10.69% and a net margin of 16.55%.The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the company posted $0.77 EPS. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, analysts predict that Ameren will post 5.31 EPS for the current fiscal year.

Insider Activity at Ameren

In other news, insider Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $103.60, for a total transaction of $673,400.00. Following the completion of the sale, the insider directly owned 193,076 shares of the company’s stock, valued at $20,002,673.60. This trade represents a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Ameren

Several large investors have recently modified their holdings of the stock. CreativeOne Wealth LLC boosted its stake in shares of Ameren by 1.3% during the 3rd quarter. CreativeOne Wealth LLC now owns 7,448 shares of the utilities provider’s stock worth $777,000 after acquiring an additional 98 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Ameren by 19.4% during the 1st quarter. GHP Investment Advisors Inc. now owns 602 shares of the utilities provider’s stock worth $66,000 after acquiring an additional 98 shares in the last quarter. Kentucky Trust Co boosted its stake in shares of Ameren by 0.7% during the 4th quarter. Kentucky Trust Co now owns 14,759 shares of the utilities provider’s stock worth $1,474,000 after acquiring an additional 100 shares in the last quarter. Segment Wealth Management LLC boosted its stake in shares of Ameren by 3.6% during the 3rd quarter. Segment Wealth Management LLC now owns 2,941 shares of the utilities provider’s stock worth $307,000 after acquiring an additional 103 shares in the last quarter. Finally, LVW Advisors LLC boosted its stake in shares of Ameren by 3.9% during the 3rd quarter. LVW Advisors LLC now owns 2,921 shares of the utilities provider’s stock worth $305,000 after acquiring an additional 109 shares in the last quarter. 79.09% of the stock is owned by institutional investors.

Ameren Company Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.