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

Key Points

• Ameren Corporation has received a consensus rating of "Moderate Buy" from nine analysts, with an average 1-year price target of $105.75.
• Recent price adjustments reflect mixed sentiments, with UBS raising their target to $114.00, while Barclays reduced theirs to $100.00.
• The company recently announced a quarterly dividend of $0.71 per share, resulting in a 2.7% dividend yield for shareholders.

Shares of Ameren Corporation (NYSE:AEE - Get Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.