Ameren (NYSE:AEE) PT Raised to $82.00

Ameren (NYSE:AEE) had its target price hoisted by Morgan Stanley from $80.00 to $82.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 6.81% from the company’s previous close.

AEE has been the topic of several other research reports. Barclays lowered their target price on shares of Ameren from $80.00 to $77.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 24th. KeyCorp reduced their target price on shares of Ameren from $91.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, October 5th. JPMorgan Chase & Co. lifted their price target on shares of Ameren from $94.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. Mizuho dropped their target price on shares of Ameren from $87.00 to $82.00 and set a “neutral” rating for the company in a research report on Friday, August 11th. Finally, StockNews.com raised shares of Ameren from a “sell” rating to a “hold” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Ameren currently has an average rating of “Hold” and an average target price of $87.11.

Ameren Trading Down 0.1 %

Shares of AEE stock opened at $76.77 on Tuesday. The firm has a market capitalization of $20.19 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.65 and a beta of 0.47. Ameren has a 1 year low of $69.71 and a 1 year high of $92.43. The firm’s fifty day simple moving average is $77.04 and its 200 day simple moving average is $80.75. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 1.24.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Thursday, November 9th. The utilities provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.07. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.40 billion. Ameren had a net margin of 14.59% and a return on equity of 10.67%. The firm’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.74 earnings per share. As a group, sell-side analysts predict that Ameren will post 4.38 EPS for the current year.

Insider Activity at Ameren

In related news, CFO Michael L. Moehn sold 3,155 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $79.63, for a total transaction of $251,232.65. Following the completion of the sale, the chief financial officer now owns 161,369 shares of the company’s stock, valued at $12,849,813.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Ameren news, CFO Michael L. Moehn sold 3,244 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $77.28, for a total value of $250,696.32. Following the transaction, the chief financial officer now owns 198,937 shares in the company, valued at $15,373,851.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael L. Moehn sold 3,155 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $79.63, for a total transaction of $251,232.65. Following the completion of the transaction, the chief financial officer now directly owns 161,369 shares in the company, valued at $12,849,813.47. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ameren

Hedge funds and other institutional investors have recently made changes to their positions in the business. Impact Partnership Wealth LLC purchased a new position in Ameren during the 3rd quarter worth $25,000. Penserra Capital Management LLC purchased a new position in Ameren during the first quarter worth about $25,000. Janiczek Wealth Management LLC boosted its holdings in Ameren by 218.2% during the third quarter. Janiczek Wealth Management LLC now owns 350 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 240 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Ameren in the 1st quarter worth about $27,000. Finally, Spire Wealth Management increased its stake in Ameren by 138.1% in the 1st quarter. Spire Wealth Management now owns 331 shares of the utilities provider’s stock valued at $29,000 after buying an additional 192 shares during the last quarter. 77.77% of the stock is owned by institutional investors.

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 and transmission businesses.