Ameren (NYSE:AEE) Price Target Raised to $82.00

Ameren (NYSE:AEE) had its price objective hoisted by investment analysts at Morgan Stanley from $78.00 to $82.00 in a report released on Wednesday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s target price points to a potential upside of 3.60% from the company’s previous close.

Several other analysts have also issued reports on the stock. KeyCorp initiated coverage on shares of Ameren in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. SunTrust Banks set a $82.00 target price on shares of Ameren and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Wolfe Research upgraded shares of Ameren from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday, September 12th. Argus upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research report on Thursday, July 25th. Finally, Bank of America upgraded shares of Ameren from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 17th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $76.50.

Shares of AEE stock traded down $0.41 during trading hours on Wednesday, reaching $79.15. The company had a trading volume of 99,057 shares, compared to its average volume of 1,883,469. The business has a fifty day moving average price of $76.73 and a 200-day moving average price of $74.86. Ameren has a one year low of $62.06 and a one year high of $79.79. The firm has a market cap of $19.43 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 3.80 and a beta of 0.23. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.39 and a current ratio of 0.55.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.43 billion. Ameren had a return on equity of 10.31% and a net margin of 13.08%. During the same quarter in the prior year, the firm earned $0.97 earnings per share. Equities research analysts forecast that Ameren will post 3.24 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Advisors Inc. boosted its position in shares of Ameren by 104.9% in the first quarter. Cornerstone Advisors Inc. now owns 373 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 191 shares during the period. Interactive Financial Advisors purchased a new position in shares of Ameren in the first quarter worth $33,000. SRS Capital Advisors Inc. purchased a new position in shares of Ameren in the second quarter worth $57,000. Kavar Capital Partners LLC purchased a new position in shares of Ameren in the second quarter worth $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 worth $92,000 after buying an additional 616 shares in the last quarter. Institutional investors and hedge funds own 70.90% of the company’s stock.

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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Analyst Recommendations for Ameren (NYSE:AEE)

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