Ameren Corporation (NYSE:AEE) Given Consensus Recommendation of “Hold” by Analysts

Ameren Corporation (NYSE:AEE) has earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $109.60.

A number of equities research analysts recently issued reports on AEE shares. KeyCorp cut shares of Ameren from an “overweight” rating to a “sector weight” rating in a report on Friday, December 12th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $116.00 price target on shares of Ameren in a research note on Friday, January 23rd. Morgan Stanley reissued an “underperform” rating and issued a $108.00 price objective on shares of Ameren in a research note on Wednesday, January 21st. UBS Group reduced their target price on Ameren from $121.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ameren in a report on Monday, December 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AEE. NewSquare Capital LLC increased its stake in shares of Ameren by 70.9% in the second quarter. NewSquare Capital LLC now owns 258 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 107 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Ameren by 285.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after buying an additional 197 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Ameren in the 3rd quarter worth approximately $29,000. Osterweis Capital Management Inc. lifted its holdings in shares of Ameren by 6,040.0% during the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock worth $29,000 after buying an additional 302 shares during the last quarter. Finally, Addison Advisors LLC boosted its position in shares of Ameren by 728.9% in the second quarter. Addison Advisors LLC now owns 315 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 277 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.

Ameren Stock Up 1.6%

Shares of Ameren stock opened at $104.05 on Wednesday. The firm has a market cap of $28.15 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 2.24 and a beta of 0.57. The stock has a 50-day simple moving average of $101.20 and a 200-day simple moving average of $101.81. Ameren has a 52-week low of $91.77 and a 52-week high of $106.73. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.93 and a quick ratio of 0.64.

Ameren (NYSE:AEE) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.07. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.64 billion. Ameren had a net margin of 15.75% and a return on equity of 10.92%. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.87 earnings per share. On average, equities research analysts expect that Ameren will post 4.93 earnings per share for the current fiscal year.

Ameren Company Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.