Argus Increases Ameren (NYSE:AEE) Price Target to $112.00

Ameren (NYSE:AEEGet Rating) had its price target boosted by equities researchers at Argus from $102.00 to $112.00 in a research note issued to investors on Thursday, The Fly reports. Argus’ target price indicates a potential upside of 17.29% from the company’s previous close.

Several other brokerages have also recently weighed in on AEE. Credit Suisse Group began coverage on shares of Ameren in a research note on Monday, April 25th. They set an “outperform” rating and a $104.00 price target on the stock. Mizuho raised their price objective on shares of Ameren from $90.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, April 26th. Morgan Stanley decreased their price objective on shares of Ameren from $101.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday. Wells Fargo & Company raised their price objective on shares of Ameren from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, March 25th. Finally, StockNews.com began coverage on shares of Ameren in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $99.43.

Shares of Ameren stock opened at $95.49 on Thursday. The company’s fifty day simple moving average is $93.78 and its 200-day simple moving average is $89.06. The stock has a market capitalization of $24.66 billion, a PE ratio of 24.48, a P/E/G ratio of 3.16 and a beta of 0.34. Ameren has a 1-year low of $79.35 and a 1-year 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 issued its quarterly earnings results on Thursday, May 5th. The utilities provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.01. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Ameren had a net margin of 15.04% and a return on equity of 10.33%. The company’s revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 EPS. As a group, research analysts anticipate that Ameren will post 4.07 EPS for the current year.

In other news, insider Richard J. Mark sold 6,000 shares of the business’s stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of $93.67, for a total value of $562,020.00. Following the sale, the insider now directly owns 50,862 shares in the company, valued at approximately $4,764,243.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Chonda J. Nwamu sold 1,677 shares of the business’s stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $87.41, for a total transaction of $146,586.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,299 shares of company stock worth $6,557,116. 0.52% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new position in shares of Ameren during the 1st quarter worth about $25,000. Stonebridge Capital Advisors LLC boosted its position in Ameren by 885.7% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 276 shares of the utilities provider’s stock valued at $25,000 after buying an additional 248 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in Ameren in the 4th quarter valued at about $26,000. Quent Capital LLC boosted its position in Ameren by 864.5% in the 1st quarter. Quent Capital LLC now owns 299 shares of the utilities provider’s stock valued at $28,000 after buying an additional 268 shares during the period. Finally, Consolidated Planning Corp purchased a new stake in Ameren in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Ameren Company Profile (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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