Brokerages Set Ameren Corporation (NYSE:AEE) Price Target at $121.42

Ameren Corporation (NYSE:AEE) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $121.4167.

Several research firms have weighed in on AEE. Barclays boosted their price target on Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. KeyCorp raised shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 target price for the company in a research note on Thursday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Ameren from $126.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Mizuho upped their price target on shares of Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Truist Financial cut their price target on shares of Ameren from $124.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, August 17th.

Insider Activity at Ameren

In other Ameren news, insider Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total value of $708,240.00. Following the completion of the transaction, the insider directly owned 199,689 shares of the company’s stock, valued at $21,758,113.44. The trade was a 3.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.93, for a total transaction of $35,402.25. Following the sale, the senior vice president directly owned 32,340 shares of the company’s stock, valued at $3,522,796.20. This represents a 0.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by company insiders.

Institutional Trading of Ameren

Hedge funds have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Ameren during the second quarter worth $12,765,000. California State Teachers Retirement System increased its holdings in Ameren by 11,497.8% in the second quarter. California State Teachers Retirement System now owns 36,403,854 shares of the utilities provider’s stock valued at $4,115,092,000 after purchasing an additional 36,089,967 shares during the period. Wedmont Private Capital increased its holdings in Ameren by 5.8% in the second quarter. Wedmont Private Capital now owns 2,729 shares of the utilities provider’s stock valued at $308,000 after purchasing an additional 150 shares during the period. HB Wealth Management LLC raised its position in Ameren by 57.7% during the 2nd quarter. HB Wealth Management LLC now owns 11,438 shares of the utilities provider’s stock worth $1,293,000 after purchasing an additional 4,183 shares during the last quarter. Finally, Saudi Central Bank raised its position in Ameren by 94.0% during the 2nd quarter. Saudi Central Bank now owns 19,366 shares of the utilities provider’s stock worth $2,189,000 after purchasing an additional 9,382 shares during the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Stock Down 0.2%

Ameren stock opened at $106.94 on Friday. The company’s 50 day simple moving average is $110.94 and its 200 day simple moving average is $110.29. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.53 and a quick ratio of 0.37. The firm has a market capitalization of $29.61 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 2.59 and a beta of 0.47. Ameren has a fifty-two week low of $96.57 and a fifty-two week high of $118.32.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, sell-side analysts anticipate that Ameren will post 5.4 EPS for the current year.

Ameren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ameren’s payout ratio is presently 52.82%.

About Ameren

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.