Ameren (NYSE:AEE – Free Report) had its price target boosted by Truist Financial from $121.00 to $124.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the utilities provider’s stock.
A number of other brokerages have also recently commented on AEE. Wall Street Zen cut Ameren from a “hold” rating to a “sell” rating in a research note on Monday, May 25th. Weiss Ratings upgraded Ameren from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. upgraded Ameren from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $120.00 to $126.00 in a research report on Thursday, May 21st. Morgan Stanley set a $115.00 price target on Ameren in a research note on Wednesday, June 24th. Finally, BTIG Research started coverage on shares of Ameren in a research report on Thursday, April 9th. They issued a “buy” rating and a $131.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.67.
Check Out Our Latest Stock Report on AEE
Ameren Stock Down 1.3%
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 for the quarter, beating the consensus estimate of $1.17 by $0.11. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.24 billion. Ameren had a net margin of 17.17% and a return on equity of 10.94%. Ameren’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, sell-side analysts forecast that Ameren will post 5.38 earnings per share for the current year.
Ameren Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, June 9th. Ameren’s dividend payout ratio (DPR) is 53.96%.
Insiders Place Their Bets
In other Ameren news, SVP Theresa A. Shaw sold 1,500 shares of Ameren stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total value of $164,025.00. Following the transaction, the senior vice president owned 32,943 shares of the company’s stock, valued at approximately $3,602,317.05. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.29% of the company’s stock.
Institutional Investors Weigh In On Ameren
Several institutional investors have recently added to or reduced their stakes in AEE. Caitong International Asset Management Co. Ltd increased its holdings in Ameren by 285.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 197 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Ameren in the fourth quarter valued at about $29,000. Osterweis Capital Management Inc. lifted its holdings in shares of Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 302 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Ameren by 6,080.0% during the fourth quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock worth $32,000 after buying an additional 304 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Ameren by 74.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock worth $33,000 after buying an additional 125 shares during the period. 79.09% of the stock is owned by institutional investors.
Ameren Company Profile
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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