Ameren (NYSE:AEE) Given a $104.00 Price Target by KeyCorp Analysts

Ameren (NYSE:AEE) has been given a $104.00 price objective by KeyCorp in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price objective points to a potential upside of 6.80% from the company’s previous close.

AEE has been the subject of a number of other reports. Morgan Stanley reduced their price objective on shares of Ameren from $102.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. The Goldman Sachs Group raised shares of Ameren from a “sell” rating to a “neutral” rating and raised their target price for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. Guggenheim reaffirmed a “neutral” rating on shares of Ameren in a report on Tuesday, April 22nd. UBS Group set a $114.00 price objective on shares of Ameren and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, Barclays decreased their price objective on shares of Ameren from $104.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 10th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.36.

Ameren Stock Performance

Shares of NYSE:AEE opened at $97.38 on Wednesday. Ameren has a 52 week low of $74.33 and a 52 week high of $104.10. The company has a quick ratio of 0.62, a current ratio of 0.86 and a debt-to-equity ratio of 1.49. The firm has a fifty day simple moving average of $95.99 and a two-hundred day simple moving average of $96.43. The stock has a market capitalization of $26.32 billion, a P/E ratio of 21.59, a PEG ratio of 2.50 and a beta of 0.48.

Ameren (NYSE:AEE) last posted its quarterly 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 business 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%. The company’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 firm posted $0.98 EPS. On average, analysts expect that Ameren will post 4.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ameren

Institutional investors have recently made changes to their positions in the stock. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Ameren during the 1st quarter valued at about $25,000. SouthState Corp bought a new position in Ameren in the first quarter worth approximately $34,000. Fortitude Family Office LLC boosted its holdings in Ameren by 600.0% in 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 in the last quarter. Quarry LP bought a new position in Ameren in the fourth quarter worth approximately $31,000. Finally, ORG Partners LLC raised its stake in shares of Ameren by 74.5% in the first quarter. ORG Partners LLC now owns 349 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 149 shares during the last quarter. 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.