Ameren (NYSE:AEE – Get Free Report) had its price objective lifted by equities research analysts at Barclays from $116.00 to $117.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s price target suggests a potential upside of 3.47% from the stock’s previous close.
Several other research firms have also weighed in on AEE. Weiss Ratings upgraded shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. BTIG Research initiated coverage on shares of Ameren in a report on Thursday, April 9th. They issued a “buy” rating and a $131.00 price target for the company. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $120.00 price target on shares of Ameren in a research note on Tuesday, April 21st. Argus upped their price objective on shares of Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Finally, JPMorgan Chase & Co. raised shares of Ameren from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $120.00 to $126.00 in a research report on Thursday, May 21st. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.50.
View Our Latest Report on Ameren
Ameren Stock Performance
Ameren (NYSE:AEE – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.11. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $1.07 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, analysts anticipate that Ameren will post 5.38 EPS for the current year.
Insider Activity
In other news, SVP Theresa A. Shaw sold 325 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $109.08, for a total value of $35,451.00. Following the completion of the sale, the senior vice president owned 32,618 shares in the company, valued at $3,557,971.44. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Ameren
A number of institutional investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL grew its stake in Ameren by 23.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 155,836 shares of the utilities provider’s stock valued at $16,266,000 after purchasing an additional 29,807 shares during the period. Vanguard Group Inc. raised its stake in shares of Ameren by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock worth $3,559,565,000 after purchasing an additional 495,945 shares during the period. Alliancebernstein L.P. grew its position in Ameren by 3.6% during the third quarter. Alliancebernstein L.P. now owns 3,378,053 shares of the utilities provider’s stock valued at $352,601,000 after buying an additional 116,819 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Ameren by 245.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 87,543 shares of the utilities provider’s stock valued at $8,808,000 after buying an additional 62,173 shares during the period. Finally, Maxele Advisors LLC purchased a new stake in Ameren during the third quarter worth about $959,000. 79.09% of the stock is owned by institutional investors.
About Ameren
Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.
Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.
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