Ameren (NYSE:AEE) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.35-3.45 for the period, compared to the Thomson Reuters consensus estimate of $3.36.
Several brokerages recently issued reports on AEE. SunTrust Banks began coverage on Ameren in a research note on Wednesday, September 26th. They set a hold rating and a $64.00 price objective on the stock. Barclays set a $67.00 target price on Ameren and gave the company a hold rating in a research note on Saturday, November 17th. ValuEngine upgraded Ameren from a hold rating to a buy rating in a research note on Tuesday, October 9th. UBS Group cut Ameren from a buy rating to a neutral rating and set a $71.00 target price on the stock. in a research note on Thursday, November 29th. Finally, Morgan Stanley cut their target price on Ameren from $67.00 to $65.00 and set an equal weight rating on the stock in a research note on Friday, September 21st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $66.38.
AEE stock opened at $65.81 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 2.89 and a beta of 0.24. Ameren has a 1 year low of $51.89 and a 1 year high of $70.95.
In other news, insider Michael L. Moehn sold 8,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $69.00, for a total transaction of $552,000.00. Following the transaction, the insider now directly owns 80,567 shares of the company’s stock, valued at $5,559,123. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gregory L. Nelson sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $69.00, for a total value of $690,000.00. Following the transaction, the senior vice president now directly owns 46,095 shares in the company, valued at $3,180,555. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by company insiders.
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Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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