KeyCorp Upgrades Ameren (NYSE:AEE) to “Overweight”

Ameren (NYSE:AEE) was upgraded by equities research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a $103.00 price target on the utilities provider’s stock. KeyCorp’s price target would suggest a potential upside of 6.40% from the company’s previous close. KeyCorp also issued estimates for Ameren’s Q2 2025 earnings at $1.08 EPS.

AEE has been the subject of several other reports. Evercore ISI raised Ameren from an “in-line” rating to an “outperform” rating and raised their price target for the company from $89.00 to $104.00 in a report on Tuesday, January 21st. Guggenheim reaffirmed a “neutral” rating on shares of Ameren in a report on Tuesday, April 22nd. UBS Group lifted their price objective on Ameren from $106.00 to $113.00 and gave the stock a “buy” rating in a report on Friday, March 21st. Morgan Stanley reaffirmed an “outperform” rating on shares of Ameren in a report on Wednesday, April 23rd. Finally, Barclays lifted their price objective on Ameren from $101.00 to $104.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.80.

Ameren Price Performance

Shares of NYSE AEE opened at $96.80 on Wednesday. The stock’s 50-day moving average is $98.19 and its two-hundred day moving average is $94.73. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.66 and a quick ratio of 0.44. Ameren has a 1-year low of $69.39 and a 1-year high of $104.10. The company has a market cap of $26.16 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.97 and a beta of 0.51.

Ameren (NYSE:AEE) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.01). Ameren had a net margin of 15.51% and a return on equity of 10.34%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the company posted $0.98 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. Analysts forecast that Ameren will post 4.93 EPS for the current fiscal year.

Insider Transactions at Ameren

In related news, EVP Chonda J. Nwamu sold 5,500 shares of Ameren stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $101.37, for a total transaction of $557,535.00. Following the completion of the sale, the executive vice president now directly owns 43,344 shares of the company’s stock, valued at $4,393,781.28. The trade was a 11.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn E. Schukar sold 4,743 shares of Ameren stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $103.79, for a total value of $492,275.97. Following the transaction, the insider now owns 57,486 shares in the company, valued at approximately $5,966,471.94. This represents a 7.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,959 shares of company stock worth $1,316,712. 0.42% of the stock is currently owned by company insiders.

Institutional Trading of Ameren

Hedge funds and other institutional investors have recently modified their holdings of the stock. Synergy Investment Management LLC acquired a new position in shares of Ameren in the fourth quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Ameren in the first quarter valued at approximately $25,000. Roxbury Financial LLC acquired a new position in shares of Ameren in the fourth quarter valued at approximately $27,000. Quarry LP acquired a new position in shares of Ameren in the fourth quarter valued at approximately $31,000. Finally, SouthState Corp acquired a new position in shares of Ameren in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 79.09% of the company’s stock.

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.