Mizuho started coverage on shares of Ameren (NYSE:AEE) in a report issued on Thursday, The Fly reports. The brokerage set a “neutral” rating on the utilities provider’s stock.
Separately, Morgan Stanley lifted their target price on shares of Ameren from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $86.29.
NYSE AEE traded down $0.20 on Thursday, reaching $81.10. The company had a trading volume of 53,704 shares, compared to its average volume of 1,680,276. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 1.18. The company’s fifty day moving average is $76.37 and its 200 day moving average is $77.62. Ameren has a 52-week low of $66.33 and a 52-week high of $86.90. The stock has a market capitalization of $20.71 billion, a P/E ratio of 23.71, a P/E/G ratio of 3.76 and a beta of 0.19.
Ameren (NYSE:AEE) last announced its earnings results on Wednesday, February 17th. The utilities provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Ameren had a net margin of 14.70% and a return on equity of 10.17%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. On average, research analysts expect that Ameren will post 3.46 EPS for the current year.
In related news, insider Richard J. Mark sold 6,000 shares of the business’s stock in a transaction dated Wednesday, March 31st. The stock was sold at an average price of $81.17, for a total transaction of $487,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark C. Birk sold 2,000 shares of the firm’s stock in a transaction dated Thursday, March 11th. The shares were sold at an average price of $76.10, for a total value of $152,200.00. Following the completion of the sale, the senior vice president now directly owns 76,320 shares in the company, valued at approximately $5,807,952. The disclosure for this sale can be found here. Insiders sold a total of 18,000 shares of company stock worth $1,400,220 over the last quarter. Corporate insiders own 0.51% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in AEE. AXA S.A. purchased a new stake in shares of Ameren during the 3rd quarter valued at $177,000. Public Sector Pension Investment Board lifted its stake in Ameren by 25.6% during the third quarter. Public Sector Pension Investment Board now owns 29,924 shares of the utilities provider’s stock worth $2,366,000 after purchasing an additional 6,100 shares during the last quarter. Eudaimonia Partners LLC boosted its holdings in shares of Ameren by 646.3% in the 3rd quarter. Eudaimonia Partners LLC now owns 3,000 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 2,598 shares in the last quarter. State of Tennessee Treasury Department increased its position in shares of Ameren by 113.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 108,360 shares of the utilities provider’s stock valued at $8,569,000 after purchasing an additional 57,598 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Ameren during the 3rd quarter valued at about $218,000. 75.46% of the stock is owned by institutional investors and hedge funds.
Ameren Corporation, together with its subsidiaries, 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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