Brokerages Set Ameren Co. (NYSE:AEE) Price Target at $82.33

Ameren Co. (NYSE:AEEGet Free Report) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $82.33.

AEE has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of Ameren from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Tuesday, November 21st. JPMorgan Chase & Co. cut shares of Ameren from an “overweight” rating to a “neutral” rating in a research note on Monday, December 18th. Barclays raised their price objective on shares of Ameren from $71.00 to $72.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 17th. StockNews.com raised shares of Ameren from a “sell” rating to a “hold” rating in a report on Sunday, January 28th. Finally, KeyCorp lowered shares of Ameren from an “overweight” rating to a “sector weight” rating in a report on Friday, December 15th.

Read Our Latest Report on AEE

Insider Activity

In other news, CFO Michael L. Moehn sold 3,244 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $77.28, for a total value of $250,696.32. Following the completion of the transaction, the chief financial officer now owns 198,937 shares of the company’s stock, valued at approximately $15,373,851.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Michael L. Moehn sold 3,244 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $77.28, for a total transaction of $250,696.32. Following the completion of the transaction, the chief financial officer now directly owns 198,937 shares in the company, valued at approximately $15,373,851.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Rafael Flores sold 1,500 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the director now owns 13,007 shares of the company’s stock, valued at $1,009,993.55. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ameren

A number of institutional investors and hedge funds have recently modified their holdings of AEE. Colony Group LLC grew its holdings in shares of Ameren by 3.7% during the first quarter. Colony Group LLC now owns 3,405 shares of the utilities provider’s stock valued at $294,000 after buying an additional 120 shares during the last quarter. Kestra Advisory Services LLC raised its position in Ameren by 1.9% in the second quarter. Kestra Advisory Services LLC now owns 6,943 shares of the utilities provider’s stock worth $567,000 after acquiring an additional 128 shares during the period. Savant Capital LLC raised its position in Ameren by 2.2% in the second quarter. Savant Capital LLC now owns 6,079 shares of the utilities provider’s stock worth $496,000 after acquiring an additional 131 shares during the period. Captrust Financial Advisors raised its position in shares of Ameren by 0.7% in the second quarter. Captrust Financial Advisors now owns 18,055 shares of the utilities provider’s stock valued at $1,475,000 after purchasing an additional 131 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of Ameren by 2.3% in the first quarter. Advisors Asset Management Inc. now owns 5,928 shares of the utilities provider’s stock valued at $512,000 after purchasing an additional 133 shares during the period. 77.77% of the stock is owned by institutional investors.

Ameren Stock Up 0.7 %

AEE stock opened at $69.18 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.52 and a quick ratio of 0.33. Ameren has a 52-week low of $67.32 and a 52-week high of $91.18. The company has a 50-day moving average of $72.20 and a two-hundred day moving average of $76.17. The stock has a market capitalization of $18.19 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43.

Ameren Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Wednesday, March 13th will be issued a $0.67 dividend. This is a positive change from Ameren’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, March 12th. This represents a $2.68 annualized dividend and a dividend yield of 3.87%. Ameren’s payout ratio is 57.27%.

About Ameren

(Get Free Report

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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Analyst Recommendations for Ameren (NYSE:AEE)

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