Ameren Corporation (NYSE:AEE) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Ameren Corporation has received an average recommendation of "Moderate Buy" from analysts, with a one-year price target of $102.80.
• The company recently declared a quarterly dividend of $0.71 per share, representing an annualized yield of 2.8%.
• Ameren's latest earnings report showed a 31.2% year-over-year increase in revenue, with EPS of $1.01 beating analysts' expectations.

Ameren Corporation (NYSE:AEE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $102.80.

A number of research firms recently issued reports on AEE. The Goldman Sachs Group upgraded Ameren from a "sell" rating to a "neutral" rating and raised their price target for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Morgan Stanley restated an "outperform" rating on shares of Ameren in a research note on Thursday, August 21st. KeyCorp set a $104.00 price target on Ameren and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. UBS Group raised their price target on Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company raised their price target on Ameren from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th.

Insider Buying and Selling at Ameren

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total value of $101,790.00. Following the transaction, the senior vice president directly owned 9,129 shares in the company, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.42% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Ameren in the 1st quarter valued at approximately $25,000. NewSquare Capital LLC grew its stake in shares of Ameren by 70.9% in the 2nd 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. Osterweis Capital Management Inc. grew its stake in shares of Ameren by 6,040.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 302 shares during the last quarter. Addison Advisors LLC grew its stake in shares of Ameren by 728.9% in the 2nd quarter. Addison Advisors LLC now owns 315 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 277 shares during the last quarter. Finally, SouthState Corp purchased a new position in shares of Ameren in the 1st quarter valued at approximately $34,000. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Ameren Trading Down 0.4%

AEE opened at $100.52 on Friday. Ameren has a one year low of $82.79 and a one year high of $104.10. The company has a market cap of $27.18 billion, a P/E ratio of 22.09, a PEG ratio of 2.58 and a beta of 0.47. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80. The business's 50-day simple moving average is $99.41 and its 200-day simple moving average is $98.26.

Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.01. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the business posted $0.97 EPS. The business's revenue for the quarter was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. As a group, equities research analysts expect that Ameren will post 4.93 EPS for the current fiscal year.

Ameren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, September 9th. Ameren's dividend payout ratio (DPR) is currently 62.42%.

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 business.

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