Ameren (NYSE:AEE) Stock Picked Up by Analysts at Scotiabank

Key Points

• Scotiabank initiated coverage of Ameren with a “sector perform” rating and a $104 price target, implying approximately 4.56% upside from the prior close.
• Analyst sentiment remains broadly positive: Ameren has 10 Buy and four Hold ratings, with a consensus “Moderate Buy” rating and average price target of $118.92.
• Ameren exceeded quarterly EPS expectations, reporting $1.13 versus the $1.08 consensus, though revenue fell 5.8% year over year to $2.09 billion. Shares opened at $99.47, near the company’s one-year low.

Analysts at Scotiabank began coverage on shares of Ameren (NYSE:AEE - Get Free Report) in a research report issued on Tuesday, Marketbeat.com reports. The brokerage set a "sector perform" rating and a $104.00 price target on the utilities provider's stock. Scotiabank's price target would suggest a potential upside of 4.56% from the stock's previous close.

Several other brokerages also recently weighed in on AEE. Morgan Stanley decreased their target price on Ameren from $114.00 to $108.00 and set an "equal weight" rating for the company in a research note on Friday, September 18th. Wall Street Zen downgraded Ameren from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Mizuho upped their price target on Ameren from $122.00 to $124.00 and gave the stock an "outperform" rating in a report on Monday, August 3rd. BTIG Research set a $126.00 price objective on Ameren in a research report on Thursday, July 23rd. Finally, KeyCorp raised Ameren from a "sector weight" rating to an "overweight" rating and set a $122.00 price objective for the company in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $118.92.

Ameren Stock Performance

Shares of AEE opened at $99.47 on Tuesday. The company has a market capitalization of $27.54 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.90 and a beta of 0.46. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.53 and a quick ratio of 0.37. Ameren has a one year low of $96.57 and a one year high of $118.32. The company's fifty day moving average price is $106.91 and its 200 day moving average price is $109.31.

Ameren (NYSE:AEE - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.05. The company had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The business's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, analysts expect that Ameren will post 5.4 earnings per share for the current year.

Insider Transactions at Ameren

In related news, SVP Theresa A. Shaw sold 325 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $108.93, for a total value of $35,402.25. Following the sale, the senior vice president owned 32,340 shares of the company's stock, valued at $3,522,796.20. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $108.96, for a total value of $708,240.00. Following the completion of the sale, the insider owned 199,689 shares in the company, valued at $21,758,113.44. This trade represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 7,073 shares of company stock valued at $769,814. Corporate insiders own 0.29% of the company's stock.

Institutional Investors Weigh In On Ameren

Several institutional investors and hedge funds have recently made changes to their positions in the company. Keating Financial Advisory Services Inc. acquired a new stake in shares of Ameren during the 2nd quarter worth about $27,000. Continuum Advisory LLC acquired a new position in Ameren in the second quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. grew its stake in Ameren by 74.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider's stock worth $33,000 after buying an additional 125 shares during the last quarter. Aberdeen Wealth Management LLC bought a new stake in Ameren during the second quarter worth about $35,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Ameren during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 79.09% of the company's stock.

Ameren Company Profile

Ameren Corporation is a regulated utility holding company that provides electric and natural gas services to customers in Illinois and Missouri. Through its operating companies, Ameren delivers energy to residential, commercial and industrial customers and operates the infrastructure required to generate, transmit and distribute electricity, as well as distribute natural gas.

Ameren Missouri is involved in electric generation, transmission and distribution and natural gas distribution across Missouri.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.