Ameren (NYSE:AEE - Get Free Report) had its target price increased by investment analysts at UBS Group from $111.00 to $114.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the utilities provider's stock. UBS Group's target price suggests a potential upside of 18.07% from the company's previous close.
Other equities analysts have also issued research reports about the stock. KeyCorp upgraded shares of Ameren from a "sector weight" rating to an "overweight" rating and set a $103.00 price target on the stock in a report on Wednesday, May 14th. Barclays lowered their target price on shares of Ameren from $104.00 to $100.00 and set an "equal weight" rating for the company in a research note on Thursday. The Goldman Sachs Group raised shares of Ameren from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Guggenheim reiterated a "neutral" rating on shares of Ameren in a report on Tuesday, April 22nd. Finally, BMO Capital Markets upped their price objective on shares of Ameren from $106.00 to $108.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $101.27.
View Our Latest Report on AEE
Ameren Price Performance
Ameren stock traded up $0.26 during mid-day trading on Friday, reaching $96.55. The company had a trading volume of 547,478 shares, compared to its average volume of 1,573,337. Ameren has a fifty-two week low of $71.87 and a fifty-two week high of $104.10. The company has a current ratio of 0.86, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The company has a market cap of $26.10 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.78 and a beta of 0.48. The business has a fifty day simple moving average of $96.26 and a 200 day simple moving average of $96.22.
Ameren (NYSE:AEE - Get Free Report) last issued its earnings results on Thursday, May 1st. The utilities provider reported $1.07 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.01). The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.92 billion. Ameren had a net margin of 15.31% and a return on equity of 10.40%. The business's quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 EPS. On average, equities research analysts predict that Ameren will post 4.93 earnings per share for the current year.
Institutional Investors Weigh In On Ameren
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Miller Howard Investments Inc. NY grew its position in Ameren by 7.1% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 84,805 shares of the utilities provider's stock worth $8,145,000 after purchasing an additional 5,646 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Ameren by 2.5% in the 2nd quarter. Exchange Traded Concepts LLC now owns 9,322 shares of the utilities provider's stock worth $895,000 after purchasing an additional 225 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Ameren by 16.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 19,693 shares of the utilities provider's stock worth $1,891,000 after purchasing an additional 2,767 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its position in Ameren by 7.2% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 49,200 shares of the utilities provider's stock worth $4,725,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Wedmont Private Capital bought a new stake in Ameren in the 2nd quarter worth about $245,000. Institutional investors and hedge funds own 79.09% of the company's stock.
Ameren Company Profile
(
Get Free Report)
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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