Truist Financial Lowers Ameren (NYSE:AEE) Price Target to $120.00

Key Points

• Truist Financial lowered Ameren’s price target from $124 to $120 while maintaining a “buy” rating, implying 9.37% potential upside from the stock’s previous close.
• Analyst sentiment remains positive: Ameren has 10 Buy ratings and three Holds, resulting in a “Moderate Buy” consensus and an average price target of $121.75.
• Ameren beat quarterly earnings expectations with EPS of $1.13 versus the $1.08 consensus, though revenue fell 5.8% year over year to $2.09 billion and missed estimates.

Ameren (NYSE:AEE - Get Free Report) had its price objective dropped by investment analysts at Truist Financial from $124.00 to $120.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the utilities provider's stock. Truist Financial's price objective would indicate a potential upside of 9.37% from the stock's previous close.

Other research analysts have also issued reports about the company. Wells Fargo & Company restated an "overweight" rating and issued a $120.00 price target on shares of Ameren in a research report on Tuesday, April 21st. BMO Capital Markets cut their target price on shares of Ameren from $121.00 to $119.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. BTIG Research set a $126.00 price target on shares of Ameren in a report on Thursday, July 23rd. Morgan Stanley raised their price objective on Ameren from $115.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Ameren in a research note on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Ameren presently has an average rating of "Moderate Buy" and a consensus price target of $121.75.

Ameren Stock Down 0.0%

Shares of AEE opened at $109.72 on Monday. The company has a market capitalization of $30.37 billion, a P/E ratio of 19.32, a PEG ratio of 2.65 and a beta of 0.47. Ameren has a one year low of $96.57 and a one year high of $118.32. The business's 50 day simple moving average is $111.01 and its 200-day simple moving average is $110.07. 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 (NYSE:AEE - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.05. The firm had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.27 billion. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The business's revenue was down 5.8% on a year-over-year basis. During the same period last year, the firm posted $1.01 EPS. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, sell-side analysts predict that Ameren will post 5.39 EPS for the current fiscal year.

Insider Activity

In other news, insider Michael L. Moehn sold 6,500 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $108.96, for a total value of $708,240.00. Following the sale, the insider directly owned 199,689 shares in the company, valued at $21,758,113.44. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Keating Financial Advisory Services Inc. bought a new stake in Ameren in the 2nd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Ameren by 285.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider's stock worth $28,000 after acquiring an additional 197 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Ameren in the fourth quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Ameren by 74.9% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 125 shares during the last quarter. Finally, Osterweis Capital Management Inc. lifted its position 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 purchasing an additional 302 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.

About Ameren

Ameren Corporation NYSE: AEE is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren's core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source