JPMorgan Chase & Co. Issues Pessimistic Forecast for Ameren (NYSE:AEE) Stock Price

Ameren (NYSE:AEE) had its price target reduced by research analysts at JPMorgan Chase & Co. from $123.00 to $120.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 9.85% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Barclays upped their target price on shares of Ameren from $104.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Mizuho set a $117.00 target price on shares of Ameren in a research note on Friday, February 13th. BTIG Research initiated coverage on shares of Ameren in a research note on Thursday, April 9th. They issued a “buy” rating and a $131.00 price target on the stock. Truist Financial initiated coverage on shares of Ameren in a research note on Monday, April 20th. They issued a “buy” rating and a $126.00 price target on the stock. Finally, Morgan Stanley dropped their price target on shares of Ameren from $119.00 to $117.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Ameren has an average rating of “Moderate Buy” and an average target price of $118.00.

Ameren Stock Up 0.1%

Shares of AEE stock traded up $0.15 during trading hours on Thursday, reaching $109.24. 479,074 shares of the stock were exchanged, compared to its average volume of 1,702,250. The business’s fifty day moving average is $110.77 and its two-hundred day moving average is $106.04. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.62 and a quick ratio of 0.44. Ameren has a 12-month low of $93.50 and a 12-month high of $115.58. The firm has a market capitalization of $30.23 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.20 and a beta of 0.50.

Ameren (NYSE:AEE) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm earned $1.07 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, research analysts expect that Ameren will post 5.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Ameren

Hedge funds have recently made changes to their positions in the business. Droms Strauss Advisors Inc. MO ADV lifted its position in Ameren by 2.2% during the 1st quarter. Droms Strauss Advisors Inc. MO ADV now owns 4,162 shares of the utilities provider’s stock worth $457,000 after acquiring an additional 90 shares during the period. Fortitude Advisory Group L.L.C. lifted its holdings in shares of Ameren by 4.3% during the first quarter. Fortitude Advisory Group L.L.C. now owns 2,269 shares of the utilities provider’s stock worth $249,000 after purchasing an additional 93 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Ameren by 1.6% during the first quarter. Parallel Advisors LLC now owns 5,746 shares of the utilities provider’s stock worth $632,000 after purchasing an additional 93 shares during the period. CreativeOne Wealth LLC grew its position in Ameren by 1.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 7,448 shares of the utilities provider’s stock valued at $777,000 after buying an additional 98 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in Ameren by 19.4% in the 1st quarter. GHP Investment Advisors Inc. now owns 602 shares of the utilities provider’s stock valued at $66,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.

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.