Ameren (NYSE:AEE) had its target price dropped by analysts at Barclays from $85.00 to $65.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price objective would indicate a potential downside of 9.47% from the company’s previous close.
A number of other research analysts also recently commented on AEE. JPMorgan Chase & Co. started coverage on shares of Ameren in a research report on Wednesday, December 11th. They issued an “overweight” rating and a $82.00 target price on the stock. Evercore ISI started coverage on shares of Ameren in a research report on Tuesday, December 31st. They issued a “hold” rating and a $77.00 target price on the stock. Wells Fargo & Co increased their target price on shares of Ameren from $86.00 to $95.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Goldman Sachs Group raised shares of Ameren from a “neutral” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Wednesday, January 15th. Finally, Guggenheim started coverage on shares of Ameren in a research report on Tuesday, January 7th. They issued a “buy” rating and a $82.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $82.91.
Shares of AEE stock traded up $4.26 during trading hours on Thursday, hitting $71.80. The company had a trading volume of 42,066 shares, compared to its average volume of 2,958,841. The company’s fifty day moving average is $80.41 and its 200 day moving average is $77.84. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.57 and a quick ratio of 0.37. Ameren has a fifty-two week low of $58.74 and a fifty-two week high of $87.65. The stock has a market capitalization of $17.13 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 3.07 and a beta of 0.26.
Ameren (NYSE:AEE) last released its earnings results on Wednesday, February 26th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.07. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.64 billion. Ameren had a net margin of 14.01% and a return on equity of 10.29%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.28 EPS. Equities analysts forecast that Ameren will post 3.48 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the business. Sowa Financial Group Inc. purchased a new position in Ameren during the 4th quarter worth $115,000. Quadrant Capital Group LLC lifted its stake in shares of Ameren by 18.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,543 shares of the utilities provider’s stock worth $109,000 after acquiring an additional 244 shares during the period. Engrave Wealth Partners LLC acquired a new stake in shares of Ameren in the 4th quarter worth $30,000. Franklin Resources Inc. lifted its stake in shares of Ameren by 61.1% in the 4th quarter. Franklin Resources Inc. now owns 1,861,294 shares of the utilities provider’s stock worth $142,948,000 after acquiring an additional 705,864 shares during the period. Finally, Pearl River Capital LLC acquired a new stake in shares of Ameren in the 4th quarter worth $261,000. 75.01% of the stock is currently owned by institutional investors.
Ameren Company Profile
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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