Barclays Has Lowered Expectations for Ameren (NYSE:AEE) Stock Price

Ameren (NYSE:AEE - Get Free Report) had its price target reduced by research analysts at Barclays from $104.00 to $100.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the utilities provider's stock. Barclays's target price would indicate a potential upside of 3.99% from the company's current price.

Other equities analysts also recently issued research reports about the stock. Guggenheim reaffirmed a "neutral" rating on shares of Ameren in a research note on Tuesday, April 22nd. KeyCorp raised shares of Ameren from a "sector weight" rating to an "overweight" rating and set a $103.00 price objective for the company in a research report on Wednesday, May 14th. Morgan Stanley lowered their price target on shares of Ameren from $102.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. The Goldman Sachs Group raised shares of Ameren from a "sell" rating to a "neutral" rating and raised their price target for the company from $91.00 to $100.00 in a report on Wednesday, June 25th. Finally, UBS Group reaffirmed a "buy" rating and set a $114.00 price target (up from $113.00) on shares of Ameren in a report on Monday, June 2nd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $101.27.

Ameren Stock Performance

NYSE AEE traded down $0.13 during trading on Thursday, reaching $96.16. The company's stock had a trading volume of 1,155,767 shares, compared to its average volume of 1,575,650. Ameren has a twelve month low of $71.87 and a twelve month high of $104.10. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.86. The business's fifty day moving average price is $96.26 and its 200-day moving average price is $96.22. The firm has a market cap of $25.99 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 2.78 and a beta of 0.48.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.01). Ameren had a net margin of 15.31% and a return on equity of 10.40%. The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $1.92 billion. During the same period last year, the company earned $0.98 EPS. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, analysts anticipate that Ameren will post 4.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Ameren

Several large investors have recently bought and sold shares of the stock. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Ameren in the 1st quarter worth approximately $25,000. Quarry LP acquired a new position in shares of Ameren in the fourth quarter worth about $31,000. SouthState Corp acquired a new position in shares of Ameren in the first quarter worth about $34,000. ORG Partners LLC boosted its holdings in shares of Ameren by 74.5% in the first quarter. ORG Partners LLC now owns 349 shares of the utilities provider's stock worth $35,000 after buying an additional 149 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Ameren in the fourth quarter worth about $38,000. Institutional investors and hedge funds 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.