Ameren (AEE) Lowered to “Hold” at Wolfe Research

Wolfe Research lowered shares of Ameren (NYSE:AEE) from an outperform rating to a hold rating in a report published on Friday morning, The Fly reports.

A number of other equities research analysts also recently weighed in on AEE. Barclays initiated coverage on Ameren in a research report on Tuesday, July 10th. They set an equal weight rating and a $63.00 price objective on the stock. Morgan Stanley raised their price objective on Ameren from $57.00 to $62.00 and gave the company a hold rating in a research report on Monday, July 16th. Wells Fargo & Co raised their price objective on Ameren from $67.00 to $71.00 and gave the company an outperform rating in a research report on Monday, September 17th. SunTrust Banks initiated coverage on Ameren in a report on Wednesday, September 26th. They issued a hold rating and a $64.00 price target for the company. Finally, ValuEngine raised Ameren from a hold rating to a buy rating in a report on Tuesday, October 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Ameren currently has a consensus rating of Buy and a consensus target price of $64.88.

Shares of AEE stock opened at $65.20 on Friday. Ameren has a 1-year low of $51.89 and a 1-year high of $67.23. The stock has a market cap of $15.72 billion, a P/E ratio of 23.04, a P/E/G ratio of 3.04 and a beta of 0.20. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.45 and a current ratio of 0.62.



Ameren (NYSE:AEE) last issued its quarterly earnings data on Friday, August 3rd. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.18. Ameren had a return on equity of 10.60% and a net margin of 9.85%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company earned $0.79 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that Ameren will post 3.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, December 12th will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 2.91%. The ex-dividend date is Tuesday, December 11th. This is an increase from Ameren’s previous quarterly dividend of $0.46. Ameren’s dividend payout ratio (DPR) is currently 64.66%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Rampart Investment Management Company LLC acquired a new stake in Ameren in the second quarter worth about $150,000. Orrstown Financial Services Inc. acquired a new stake in Ameren in the second quarter worth about $152,000. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Ameren by 274.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,553 shares of the utilities provider’s stock worth $155,000 after purchasing an additional 1,871 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of Ameren during the second quarter worth about $166,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Ameren during the second quarter worth about $174,000. 70.72% of the stock is owned by institutional investors and hedge funds.

Ameren Company Profile

Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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