Ameren (NYSE:AEE – Free Report) had its target price cut by BMO Capital Markets from $121.00 to $119.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the utilities provider’s stock.
A number of other analysts have also recently commented on AEE. Morgan Stanley lifted their target price on shares of Ameren from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Wells Fargo & Company restated an “overweight” rating and set a $120.00 price target on shares of Ameren in a research note on Tuesday, April 21st. Truist Financial upped their price target on shares of Ameren from $121.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. 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. Finally, Wall Street Zen downgraded Ameren from a “hold” rating to a “sell” rating in a research report on Monday, May 25th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.50.
Get Our Latest Research Report on Ameren
Ameren Trading Up 0.4%
Ameren (NYSE:AEE – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company earned $1.07 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, research analysts predict that Ameren will post 5.39 earnings per share for the current fiscal year.
Ameren Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 2.6%. Ameren’s payout ratio is 53.96%.
Insider Buying and Selling at Ameren
In other Ameren news, SVP Theresa A. Shaw sold 1,500 shares of the company’s stock in a transaction dated 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 $3,602,317.05. This represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its holdings in shares of Ameren by 6,051.1% during the fourth quarter. Lazard Asset Management LLC now owns 932,017 shares of the utilities provider’s stock valued at $93,071,000 after purchasing an additional 916,865 shares during the last quarter. Clark Capital Management Group Inc. acquired a new position in shares of Ameren during the 4th quarter worth $66,631,000. Aventail Capital Group LP bought a new position in Ameren during the fourth quarter valued at about $66,546,000. Mizuho Markets Americas LLC grew its holdings in Ameren by 112.0% during the fourth quarter. Mizuho Markets Americas LLC now owns 70,000 shares of the utilities provider’s stock valued at $6,990,000 after purchasing an additional 655,199 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Ameren by 11.5% in the first quarter. Janus Henderson Group PLC now owns 5,377,156 shares of the utilities provider’s stock valued at $591,056,000 after purchasing an additional 553,164 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.
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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