Ameren (NYSE:AEE) Price Target Raised to $137.00

Ameren (NYSE:AEEFree Report) had its price target hoisted by JPMorgan Chase & Co. from $126.00 to $137.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

A number of other brokerages also recently issued reports on AEE. Morgan Stanley set a $115.00 price target on shares of Ameren in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of Ameren from a “hold” rating to a “sell” rating in a report on Monday, May 25th. Wells Fargo & Company restated an “overweight” rating and set a $120.00 price objective on shares of Ameren in a research report on Tuesday, April 21st. Truist Financial lifted their target price on Ameren from $121.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Barclays boosted their target price on Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $120.67.

View Our Latest Analysis on Ameren

Ameren Trading Down 1.3%

Shares of AEE opened at $111.60 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.62 and a quick ratio of 0.44. Ameren has a 1 year low of $96.57 and a 1 year high of $118.32. The company has a 50 day simple moving average of $110.52 and a two-hundred day simple moving average of $108.82. The firm has a market cap of $30.88 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.70 and a beta of 0.47.

Ameren (NYSE:AEEGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.11. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the business posted $1.07 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities analysts expect that Ameren will post 5.38 earnings per share for the current fiscal year.

Ameren Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $3.00 dividend on an annualized basis and a yield of 2.7%. Ameren’s dividend payout ratio is presently 53.96%.

Insider Buying and Selling

In other Ameren news, SVP Theresa A. Shaw sold 1,500 shares of Ameren stock in a transaction 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 completion of the transaction, the senior vice president directly owned 32,943 shares of the company’s stock, valued at $3,602,317.05. This trade represents a 4.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its position in Ameren by 285.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 197 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in Ameren during the fourth quarter valued at approximately $29,000. Whittier Trust Co. of Nevada Inc. raised its position in Ameren by 74.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 125 shares during the period. Osterweis Capital Management Inc. lifted its stake in shares of Ameren by 6,040.0% in the 2nd 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 during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Ameren by 6,080.0% in the 4th quarter. Sound Income Strategies LLC now owns 309 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 304 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.

Ameren Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ameren (NYSE:AEE)

Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.