Ameren Corporation (NYSE:AEE) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Ameren Corporation (NYSE:AEE) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $105.75.

Several research firms have recently weighed in on AEE. UBS Group raised their price objective on shares of Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 11th. The Goldman Sachs Group raised shares of Ameren from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. Barclays dropped their price objective on shares of Ameren from $104.00 to $100.00 and set an “equal weight” rating for the company in a report on Thursday, July 10th. KeyCorp set a $104.00 price objective on shares of Ameren and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Morgan Stanley dropped their price objective on shares of Ameren from $105.00 to $104.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th.

Insider Activity at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $101.79, for a total transaction of $101,790.00. Following the sale, the senior vice president directly owned 9,129 shares of the company’s stock, valued at $929,240.91. This represents a 9.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is owned by company insiders.

Institutional Trading of Ameren

Several hedge funds have recently modified their holdings of the stock. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Ameren by 1.4% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 7,105 shares of the utilities provider’s stock valued at $682,000 after purchasing an additional 100 shares during the last quarter. Crews Bank & Trust grew its stake in shares of Ameren by 6.3% during the second quarter. Crews Bank & Trust now owns 1,728 shares of the utilities provider’s stock valued at $166,000 after purchasing an additional 103 shares during the last quarter. NewSquare Capital LLC grew its stake in shares of Ameren by 70.9% during the second quarter. NewSquare Capital LLC now owns 258 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 107 shares during the last quarter. Powers Advisory Group LLC grew its stake in shares of Ameren by 4.2% during the second quarter. Powers Advisory Group LLC now owns 2,716 shares of the utilities provider’s stock valued at $261,000 after purchasing an additional 110 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in shares of Ameren by 29.6% during the first quarter. Whittier Trust Co. now owns 499 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 114 shares during the last quarter. 79.09% of the stock is owned by institutional investors.

Ameren Stock Performance

NYSE:AEE opened at $103.51 on Thursday. Ameren has a 12-month low of $85.27 and a 12-month high of $104.52. The company has a quick ratio of 0.56, a current ratio of 0.80 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $27.99 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 2.68 and a beta of 0.48. The firm has a 50-day moving average price of $100.80 and a 200 day moving average price of $98.46.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.01. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Research analysts anticipate that Ameren will post 4.93 earnings per share for the current fiscal year.

Ameren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $2.84 annualized dividend and a dividend yield of 2.7%. Ameren’s dividend payout ratio (DPR) is presently 62.42%.

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.