Ameren (NYSE:AEE) Price Target Raised to $114.00 at UBS Group

Ameren (NYSE:AEE) had its price target boosted by research analysts at UBS Group from $111.00 to $114.00 in a research note issued on Friday, July 11th, MarketBeat.com reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. UBS Group’s price target points to a potential upside of 14.02% from the company’s previous close.

Several other brokerages have also recently weighed in on AEE. Barclays decreased their price target on Ameren from $104.00 to $100.00 and set an “equal weight” rating for the company in a research note on Thursday, July 10th. Wells Fargo & Company increased their price target on Ameren from $108.00 to $112.00 and gave the company an “overweight” rating in a research note on Wednesday, May 14th. KeyCorp raised Ameren from a “sector weight” rating to an “overweight” rating and set a $103.00 price target for the company in a research note on Wednesday, May 14th. BMO Capital Markets increased their price target on Ameren from $106.00 to $108.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Finally, Morgan Stanley decreased their price target on Ameren from $102.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 18th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.36.

Ameren Price Performance

Ameren stock opened at $99.98 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $27.02 billion, a PE ratio of 22.17, a P/E/G ratio of 2.57 and a beta of 0.48. Ameren has a 12 month low of $78.81 and a 12 month high of $104.10. The stock has a 50-day moving average price of $96.52 and a two-hundred day moving average price of $97.11.

Ameren (NYSE:AEE) last posted its earnings results on Thursday, May 1st. The utilities provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.01). The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.92 billion. Ameren had a net margin of 15.31% and a return on equity of 10.40%. Ameren’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. Analysts expect that Ameren will post 4.93 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Ameren in the first quarter valued at approximately $25,000. SouthState Corp bought a new position in shares of Ameren in the first quarter valued at approximately $34,000. Fortitude Family Office LLC lifted its holdings in Ameren by 600.0% during the second quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 294 shares during the period. Quarry LP bought a new stake in Ameren during the fourth quarter worth $31,000. Finally, ORG Partners LLC lifted its holdings in Ameren by 74.5% during the first quarter. ORG Partners LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 149 shares during the period. Institutional investors own 79.09% of the company’s stock.

About Ameren

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.