Ameren (NYSE:AEE) Earns "Buy (B-)" Rating from Weiss Ratings

Key Points

• Ameren's stock received a "Buy (B-)" rating from Weiss Ratings, which reflects a positive outlook on the company's performance.
• Several analysts have made adjustments to Ameren's target price, with Morgan Stanley lowering it to $104.00, while Goldman Sachs upgraded it to $100.00.
• Ameren reported a 31.2% year-over-year increase in revenue for the last quarter, along with an EPS of $1.01, surpassing analysts' predictions.

Ameren (NYSE:AEE - Get Free Report)'s stock had its "buy (b-)" rating reiterated by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

AEE has been the subject of a number of other reports. Morgan Stanley cut their target price on Ameren from $105.00 to $104.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. The Goldman Sachs Group upgraded Ameren from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $91.00 to $100.00 in a research report on Wednesday, June 25th. UBS Group upped their price objective on Ameren from $111.00 to $114.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. KeyCorp set a $104.00 price objective on Ameren and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Barclays dropped their price objective on Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $105.75.

Ameren Stock Performance

NYSE AEE traded down $0.63 on Wednesday, reaching $103.99. The stock had a trading volume of 345,200 shares, compared to its average volume of 1,677,131. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.80 and a quick ratio of 0.56. The firm has a fifty day moving average of $101.14 and a two-hundred day moving average of $98.56. Ameren has a 1-year low of $85.27 and a 1-year high of $105.67. The company has a market cap of $28.12 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 2.69 and a beta of 0.49.

Ameren (NYSE:AEE - Get Free Report) last issued 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. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.82 billion. Ameren had a return on equity of 10.38% and a net margin of 14.55%.The company's revenue for the quarter was up 31.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 EPS. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, equities research analysts anticipate that Ameren will post 4.93 EPS for the current year.

Insider Transactions at Ameren

In other Ameren news, SVP Gwendolyn G. Mizell sold 1,000 shares of Ameren stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the completion of the sale, the senior vice president owned 9,129 shares of the company's stock, valued at $929,240.91. The trade was a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ameren

A number of hedge funds and other institutional investors have recently modified their holdings of AEE. MJT & Associates Financial Advisory Group Inc. bought a new position in Ameren during the 1st quarter valued at approximately $25,000. NewSquare Capital LLC raised its position in Ameren by 70.9% during 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. raised its position in Ameren by 6,040.0% during 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 holdings in shares of Ameren by 728.9% during the 2nd quarter. Addison Advisors LLC now owns 315 shares of the utilities provider's stock worth $30,000 after acquiring an additional 277 shares during the period. Finally, Fortitude Family Office LLC grew its holdings in shares of Ameren by 600.0% during the 2nd quarter. Fortitude Family Office LLC now owns 343 shares of the utilities provider's stock worth $33,000 after acquiring an additional 294 shares during the period. Institutional investors own 79.09% of the company's stock.

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.

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