Ameren Corporation (NYSE:AEE) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Friday.
Several other research firms also recently weighed in on AEE. Barclays PLC downgraded shares of Ameren Corporation from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $60.00 to $58.00 in a research note on Thursday, May 25th. Goldman Sachs Group, Inc. (The) downgraded shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target on the stock. in a research note on Monday, June 26th. Morgan Stanley reissued an “overweight” rating on shares of Ameren Corporation in a research note on Monday, July 10th. Finally, Zacks Investment Research downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $55.20.
Ameren Corporation (NYSE AEE) traded down 0.743% during mid-day trading on Friday, hitting $58.105. 237,141 shares of the stock were exchanged. The stock has a market cap of $14.10 billion, a PE ratio of 20.338 and a beta of 0.36. Ameren Corporation has a 52-week low of $46.84 and a 52-week high of $58.75. The stock’s 50 day moving average is $55.76 and its 200 day moving average is $54.99.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.10. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. Analysts forecast that Ameren Corporation will post $2.79 EPS for the current fiscal year.
In related news, Chairman Warner L. Baxter sold 13,310 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $56.23, for a total transaction of $748,421.30. Following the completion of the sale, the chairman now directly owns 145,939 shares in the company, valued at $8,206,149.97. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.38% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new stake in Ameren Corporation during the second quarter valued at about $111,000. First Financial Corp IN boosted its stake in Ameren Corporation by 10.6% in the first quarter. First Financial Corp IN now owns 2,138 shares of the utilities provider’s stock valued at $117,000 after buying an additional 205 shares during the last quarter. Acropolis Investment Management LLC boosted its stake in Ameren Corporation by 0.5% in the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after buying an additional 11 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Ameren Corporation by 2.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock valued at $132,000 after buying an additional 56 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Ameren Corporation by 6.8% in the first quarter. Parkside Financial Bank & Trust now owns 2,486 shares of the utilities provider’s stock valued at $136,000 after buying an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 71.82% of the company’s stock.
Ameren Corporation Company Profile
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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