HSBC Begins Coverage on Ameren (NYSE:AEE)

HSBC initiated coverage on shares of Ameren (NYSE:AEE) in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $119.10 price target on the utilities provider’s stock. HSBC‘s price target points to a potential upside of 9.38% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of Ameren from $114.00 to $107.00 and set a “sector perform” rating for the company in a report on Friday, September 25th. Barclays decreased their target price on shares of Ameren from $117.00 to $109.00 and set an “equal weight” rating on the stock in a research note on Monday. Morgan Stanley lifted their price target on shares of Ameren from $108.00 to $109.00 and gave the company an “equal weight” rating in a report on Wednesday. Scotiabank assumed coverage on shares of Ameren in a research report on Tuesday, September 29th. They issued a “sector perform” rating and a $104.00 price target for the company. Finally, BMO Capital Markets reduced their price objective on shares of Ameren from $119.00 to $113.00 and set an “outperform” rating for the company in a research note on Tuesday. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.74.

Ameren Stock Performance

Shares of AEE opened at $108.89 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.53 and a debt-to-equity ratio of 1.38. The business has a 50-day simple moving average of $104.37 and a two-hundred day simple moving average of $108.45. The stock has a market cap of $30.14 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 3.11 and a beta of 0.44. Ameren has a 52 week low of $96.57 and a 52 week high of $118.32.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, analysts expect that Ameren will post 5.40 EPS for the current year.

Insider Transactions at Ameren

In related news, SVP Theresa Shaw sold 325 shares of the 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 completion of the sale, the senior vice president owned 32,340 shares in the company, valued at approximately $3,522,796.20. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rafael Flores sold 248 shares of Ameren stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $105.53, for a total value of $26,171.44. Following the sale, the director directly owned 13,888 shares in the company, valued at $1,465,600.64. This trade represents a 1.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,073 shares of company stock valued at $769,814 over the last 90 days. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Ameren

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Ameren in the second quarter worth $2,918,526,000. Jupiter Topco LLC bought a new position in shares of Ameren during the second quarter worth $578,254,000. Deutsche Bank AG bought a new position in shares of Ameren during the second quarter worth $253,519,000. Bank of America Corp DE purchased a new position in Ameren during the second quarter valued at $245,881,000. Finally, Legal & General Group Plc purchased a new position in Ameren during the second quarter valued at $213,155,000. Institutional investors own 79.09% of the company’s stock.

Ameren Company Profile

Ameren Corporation is a regulated electric and natural gas utility holding company headquartered in St. Louis, Missouri. Through its operating companies, Ameren Missouri and Ameren Illinois, the company provides electric generation, transmission and distribution services, as well as natural gas distribution.

Ameren serves approximately 2.5 million electric customers and more than 900,000 natural gas customers across Missouri and Illinois. Its operations include a diverse generation portfolio and infrastructure designed to deliver reliable energy to residential, commercial and industrial customers, while supporting the transition toward cleaner energy resources.

Ameren was formed in 1997 through the merger of Union Electric Company and CIPSCO Inc The company is led by Martin J.