Ameren Corporation (NYSE:AEE) Receives $102.80 Average PT from Analysts

Shares of Ameren Corporation (NYSE:AEE) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $102.80.

Several analysts have recently commented on AEE shares. KeyCorp set a $104.00 price target on Ameren and gave the company an “overweight” rating in a report on Wednesday, July 16th. Wells Fargo & Company raised their price target on Ameren from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Wednesday, May 14th. UBS Group raised their price target on Ameren from $111.00 to $114.00 and gave the company a “buy” rating in a report on Friday, July 11th. Barclays reduced their price target on Ameren from $104.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, July 10th. Finally, The Goldman Sachs Group raised Ameren from a “sell” rating to a “neutral” rating and raised their price target for the company from $91.00 to $100.00 in a report on Wednesday, June 25th.

Insider Transactions at Ameren

In related news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the completion of the transaction, the senior vice president directly owned 9,129 shares of the company’s stock, valued at approximately $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Ameren

Institutional investors have recently made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Ameren in the first quarter worth $25,000. NewSquare Capital LLC raised its holdings in shares of Ameren by 70.9% in the second quarter. NewSquare Capital LLC now owns 258 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 107 shares during the last quarter. Osterweis Capital Management Inc. raised its holdings in shares of Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 302 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Ameren by 728.9% in the second quarter. Addison Advisors LLC now owns 315 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 277 shares during the last quarter. Finally, Fortitude Family Office LLC raised its holdings in shares of Ameren by 600.0% in the second quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 294 shares during the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Trading Down 0.9%

Shares of AEE stock opened at $99.07 on Friday. The business’s 50 day moving average is $99.55 and its two-hundred day moving average is $98.29. Ameren has a twelve month low of $82.79 and a twelve month high of $104.10. The company has a market capitalization of $26.79 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 2.57 and a beta of 0.47. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51.

Ameren (NYSE:AEE) last announced its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $0.97 EPS. The company’s revenue was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Equities analysts forecast that Ameren will post 4.93 EPS for the current year.

Ameren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 9th. Ameren’s dividend payout ratio (DPR) is currently 62.42%.

Ameren Company Profile

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 business.