Ameren (NYSE:AEE) Price Target Cut to $97.00 by Analysts at Morgan Stanley

Ameren (NYSE:AEEGet Rating) had its price objective lowered by equities researchers at Morgan Stanley from $101.00 to $97.00 in a report released on Monday, Stock Target Advisor reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 4.71% from the stock’s previous close.

Several other brokerages have also recently issued reports on AEE. StockNews.com began coverage on shares of Ameren in a research note on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group initiated coverage on Ameren in a research report on Monday, April 25th. They issued an “outperform” rating and a $104.00 price target for the company. Wells Fargo & Company lifted their price objective on Ameren from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, March 25th. Finally, Mizuho upped their target price on Ameren from $90.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, April 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Ameren currently has an average rating of “Hold” and an average target price of $96.00.

Shares of Ameren stock opened at $92.64 on Monday. The stock has a market capitalization of $23.92 billion, a P/E ratio of 23.75, a PEG ratio of 3.16 and a beta of 0.34. The business has a 50 day simple moving average of $93.40 and a two-hundred day simple moving average of $88.92. Ameren has a 12 month low of $79.35 and a 12 month high of $99.20. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.65 and a quick ratio of 0.48.

Ameren (NYSE:AEEGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. Ameren had a return on equity of 10.33% and a net margin of 15.04%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the company earned $0.91 EPS. The firm’s revenue was up 20.0% compared to the same quarter last year. As a group, research analysts anticipate that Ameren will post 4.07 EPS for the current fiscal year.

In related news, SVP Mark C. Lindgren sold 999 shares of Ameren stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of $94.44, for a total value of $94,345.56. Following the completion of the sale, the senior vice president now owns 42,126 shares in the company, valued at approximately $3,978,379.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn E. Schukar sold 1,562 shares of the company’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $85.96, for a total value of $134,269.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,299 shares of company stock worth $6,557,116. 0.52% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of AEE. CVA Family Office LLC boosted its stake in shares of Ameren by 5.0% in the first quarter. CVA Family Office LLC now owns 2,425 shares of the utilities provider’s stock valued at $227,000 after purchasing an additional 115 shares during the period. Veritable L.P. boosted its position in Ameren by 1.1% in the 1st quarter. Veritable L.P. now owns 10,434 shares of the utilities provider’s stock valued at $978,000 after buying an additional 118 shares during the period. Cetera Advisor Networks LLC boosted its position in Ameren by 2.1% in the 1st quarter. Cetera Advisor Networks LLC now owns 5,703 shares of the utilities provider’s stock valued at $535,000 after buying an additional 119 shares during the period. Huntington National Bank grew its stake in shares of Ameren by 2.1% in the fourth quarter. Huntington National Bank now owns 5,917 shares of the utilities provider’s stock worth $526,000 after acquiring an additional 120 shares in the last quarter. Finally, TAP Consulting LLC increased its position in shares of Ameren by 2.1% during the fourth quarter. TAP Consulting LLC now owns 5,794 shares of the utilities provider’s stock worth $516,000 after acquiring an additional 121 shares during the period. Institutional investors own 75.06% of the company’s stock.

About Ameren (Get Rating)

Ameren Corporation, together with its subsidiaries, 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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