Ameren (NYSE:AEE) Given New $137.00 Price Target at JPMorgan Chase & Co.

Ameren (NYSE:AEE) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $126.00 to $137.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 21.85% from the company’s previous close.

A number of other analysts have also issued reports on the company. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $120.00 target price on shares of Ameren in a report on Tuesday, April 21st. Barclays boosted their price objective on Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. BTIG Research started coverage on shares of Ameren in a research note on Thursday, April 9th. They issued a “buy” rating and a $131.00 target price for the company. Weiss Ratings raised shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Finally, Truist Financial lifted their target price on Ameren from $121.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.67.

Ameren Trading Up 0.9%

Shares of Ameren stock traded up $1.05 during mid-day trading on Thursday, hitting $112.43. 393,057 shares of the stock were exchanged, compared to its average volume of 1,752,871. Ameren has a twelve month low of $96.27 and a twelve month high of $118.32. The company has a 50-day simple moving average of $110.39 and a 200 day simple moving average of $108.71. The stock has a market capitalization of $31.11 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 2.73 and a beta of 0.47. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39.

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

Insider Activity

In other Ameren news, SVP Theresa A. Shaw sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total transaction of $164,025.00. Following the transaction, the senior vice president directly owned 32,943 shares of the company’s stock, valued at approximately $3,602,317.05. The trade was a 4.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.

Institutional Trading of Ameren

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tema ETFs LLC increased its position in shares of Ameren by 9.2% during the second quarter. Tema ETFs LLC now owns 5,156 shares of the utilities provider’s stock worth $583,000 after acquiring an additional 435 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Ameren by 2.6% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,695 shares of the utilities provider’s stock worth $2,113,000 after acquiring an additional 469 shares in the last quarter. Everpar Advisors LLC grew its position in Ameren by 11.7% during the second quarter. Everpar Advisors LLC now owns 2,127 shares of the utilities provider’s stock worth $240,000 after buying an additional 223 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in Ameren by 8.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 37,971 shares of the utilities provider’s stock worth $4,292,000 after acquiring an additional 2,854 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new stake in Ameren during the 2nd quarter worth $228,000. 79.09% of the stock is currently owned by 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.