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.
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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