Ameren (NYSE:AEE) Given New $111.00 Price Target at Barclays

Key Points

• Barclays has raised its price target for Ameren from $100.00 to $111.00, maintaining an "equal weight" rating, suggesting a potential 5.77% upside from the stock's previous close.
• Institutional investors own approximately 79.09% of Ameren's stock, with several funds significantly increasing their positions recently.
• Ameren's latest quarterly earnings showed a 31.2% year-over-year revenue increase, reporting $2.22 billion, beating analysts' estimates by a substantial margin.

Ameren (NYSE:AEE - Get Free Report) had its price target hoisted by Barclays from $100.00 to $111.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the utilities provider's stock. Barclays's price objective would indicate a potential upside of 5.77% from the stock's previous close.

Several other brokerages have also recently weighed in on AEE. Morgan Stanley cut their price objective on Ameren from $105.00 to $104.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. UBS Group lifted their price target on shares of Ameren from $111.00 to $114.00 and gave the company a "buy" rating in a report on Friday, July 11th. The Goldman Sachs Group upgraded shares of 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 report on Wednesday, June 25th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Ameren in a research note on Wednesday, October 8th. Finally, KeyCorp boosted their price target on shares of Ameren from $104.00 to $109.00 and gave the company an "overweight" rating in a research report on Wednesday, October 15th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $107.75.

Ameren Trading Down 0.7%

Shares of AEE stock traded down $0.74 on Tuesday, hitting $104.95. 890,109 shares of the company's stock traded hands, compared to its average volume of 1,691,892. The stock has a market capitalization of $28.38 billion, a price-to-earnings ratio of 23.07, a P/E/G ratio of 2.65 and a beta of 0.49. The company's fifty day simple moving average is $101.63 and its 200 day simple moving average is $98.87. Ameren has a one year low of $85.27 and a one year high of $106.73. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80.

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, beating 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 business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The company's revenue was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. Equities analysts forecast that Ameren will post 4.93 EPS for the current year.

Insider Buying and Selling

In other Ameren 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.34% of the company's stock.

Institutional Trading of Ameren

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in Ameren during the 1st quarter valued at approximately $25,000. NewSquare Capital LLC raised its position 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 buying an additional 107 shares during the last quarter. Osterweis Capital Management Inc. lifted its holdings in shares of Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider's stock worth $29,000 after buying an additional 302 shares in the last quarter. Addison Advisors LLC boosted its position in shares of Ameren by 728.9% during the second 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 last quarter. Finally, SouthState Corp purchased a new position in Ameren during the first quarter valued at $34,000. 79.09% of the stock is owned by hedge funds and other 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 business.

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