Zacks Investment Research cut shares of Ameren Corporation (NYSE:AEE) from a hold rating to a sell rating in a report published on Tuesday morning.
According to Zacks, “Ameren Corp.'s aging infrastructure may pose risks to system reliability and force it to incur unplanned capital expenditures and operating costs. Stringent environmental regulations and operational risks might be potential growth deterrents. Also its stock is overvalued compared to its historical levels in terms of EV/EBITDA ratio. On the brighter note, the company follows a systematic investment strategy, primarily for growth projects and infrastructure upgrade, which enables it to provide reliable services to customers, besides meeting increasing demand.”
A number of other equities analysts also recently issued reports on AEE. BidaskClub raised shares of Ameren Corporation from a hold rating to a buy rating in a report on Friday, August 11th. Morgan Stanley raised their price objective on shares of Ameren Corporation from $56.00 to $57.00 and gave the stock an overweight rating in a report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Ameren Corporation from a neutral rating to a sell rating and set a $51.00 price objective on the stock. in a report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $54.50.
Shares of Ameren Corporation (AEE) opened at 60.34 on Tuesday. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 21.12 and a beta of 0.36. The stock has a 50 day moving average of $59.38 and a 200 day moving average of $56.76. Ameren Corporation has a 52-week low of $46.97 and a 52-week high of $60.91.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.10. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. On average, equities research analysts expect that Ameren Corporation will post $2.80 EPS for the current year.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, September 13th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Tuesday, September 12th. Ameren Corporation’s payout ratio is 61.54%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AEE. AXA raised its stake in Ameren Corporation by 31.9% during the 1st quarter. AXA now owns 14,513 shares of the utilities provider’s stock worth $793,000 after acquiring an additional 3,513 shares during the period. Credit Agricole S A raised its stake in Ameren Corporation by 2.4% during the 1st quarter. Credit Agricole S A now owns 88,078 shares of the utilities provider’s stock worth $4,807,000 after acquiring an additional 2,078 shares during the period. OppenheimerFunds Inc. raised its stake in Ameren Corporation by 23.3% during the 1st quarter. OppenheimerFunds Inc. now owns 286,132 shares of the utilities provider’s stock worth $15,620,000 after acquiring an additional 53,992 shares during the period. Principal Financial Group Inc. raised its stake in Ameren Corporation by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 381,672 shares of the utilities provider’s stock worth $20,836,000 after acquiring an additional 4,576 shares during the period. Finally, FMR LLC raised its stake in Ameren Corporation by 61.2% during the 1st quarter. FMR LLC now owns 211,393 shares of the utilities provider’s stock worth $11,541,000 after acquiring an additional 80,249 shares during the period. Institutional investors own 69.80% of the company’s stock.
Ameren Corporation Company Profile
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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