Bank of America upgraded shares of Ameren (NYSE:AEE) from a neutral rating to a buy rating in a report issued on Tuesday, BenzingaRatingsTable reports. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently commented on AEE. KeyCorp initiated coverage on Ameren in a research report on Tuesday, June 4th. They set a sector weight rating for the company. SunTrust Banks set a $82.00 price objective on Ameren and gave the company a hold rating in a research report on Tuesday, September 3rd. Morgan Stanley increased their price objective on Ameren from $78.00 to $80.00 and gave the company an equal weight rating in a research report on Friday, September 6th. Argus upgraded Ameren from a hold rating to a buy rating in a research report on Thursday, July 25th. Finally, Wolfe Research upgraded Ameren from a market perform rating to an outperform rating and set a $80.00 price objective for the company in a research report on Thursday, September 12th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Ameren has a consensus rating of Hold and an average price target of $76.17.
Shares of NYSE AEE opened at $79.04 on Tuesday. The stock has a fifty day moving average price of $76.49 and a two-hundred day moving average price of $74.70. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.39 and a current ratio of 0.55. The firm has a market cap of $19.43 billion, a P/E ratio of 23.45, a PEG ratio of 3.73 and a beta of 0.23. Ameren has a 1 year low of $62.06 and a 1 year high of $79.31.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 11th will be given a dividend of $0.475 per share. The ex-dividend date is Tuesday, September 10th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.40%. Ameren’s dividend payout ratio (DPR) is presently 56.38%.
Several large investors have recently made changes to their positions in the company. Cornerstone Advisors Inc. lifted its holdings in shares of Ameren by 104.9% in the first quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 191 shares in the last quarter. Interactive Financial Advisors purchased a new stake in shares of Ameren in the first quarter valued at $33,000. SRS Capital Advisors Inc. purchased a new stake in shares of Ameren in the second quarter valued at $57,000. Kavar Capital Partners LLC purchased a new stake in shares of Ameren in the second quarter valued at $84,000. Finally, Altshuler Shaham Ltd lifted its holdings in shares of Ameren by 102.2% in the second quarter. Altshuler Shaham Ltd now owns 1,219 shares of the utilities provider’s stock valued at $92,000 after purchasing an additional 616 shares in the last quarter. Institutional investors own 70.90% of the company’s stock.
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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