Ameren (NYSE:AEE) Given New $124.00 Price Target at Truist Financial

Ameren (NYSE:AEE) had its price target hoisted by equities researchers at Truist Financial from $121.00 to $124.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the utilities provider’s stock. Truist Financial’s price target points to a potential upside of 10.39% from the stock’s current price.

AEE has been the subject of a number of other reports. Argus raised their price objective on Ameren from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of Ameren from a “hold” rating to a “sell” rating in a research report on Monday, May 25th. Weiss Ratings upgraded Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. raised Ameren from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $120.00 to $126.00 in a report on Thursday, May 21st. Finally, Barclays raised their target price on shares of Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $119.75.

Ameren Trading Up 0.9%

Shares of Ameren stock traded up $0.95 during mid-day trading on Thursday, hitting $112.33. The stock had a trading volume of 192,337 shares, compared to its average volume of 1,751,523. The firm has a 50-day moving average of $110.39 and a two-hundred day moving average of $108.71. The firm has a market cap of $31.09 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 2.73 and a beta of 0.47. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 1.39. Ameren has a 12-month low of $96.27 and a 12-month high of $118.32.

Ameren (NYSE:AEE) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Sell-side analysts forecast that Ameren will post 5.38 earnings per share for the current year.

Insider Buying and Selling at Ameren

In other news, SVP Theresa A. Shaw sold 1,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total value of $164,025.00. Following the sale, the senior vice president directly owned 32,943 shares in the company, valued at $3,602,317.05. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEE. Droms Strauss Advisors Inc. MO ADV lifted its holdings in Ameren by 2.2% in the 1st quarter. Droms Strauss Advisors Inc. MO ADV now owns 4,162 shares of the utilities provider’s stock worth $457,000 after buying an additional 90 shares in the last quarter. Fortitude Advisory Group L.L.C. grew its stake 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 valued at $249,000 after acquiring an additional 93 shares in the last quarter. Parallel Advisors LLC increased its position 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 acquiring an additional 93 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of Ameren by 19.4% during the first quarter. GHP Investment Advisors Inc. now owns 602 shares of the utilities provider’s stock worth $66,000 after acquiring an additional 98 shares during the last quarter. Finally, Kentucky Trust Co lifted its stake in shares of Ameren by 0.7% in the fourth 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. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

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.