Ameren (NYSE:AEE – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.
Several other research firms have also weighed in on AEE. BTIG Research set a $126.00 price target on Ameren in a research report on Thursday, July 23rd. Truist Financial increased their price objective on Ameren from $121.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Weiss Ratings raised Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Wells Fargo & Company reissued an “overweight” rating and set a $120.00 price objective on shares of Ameren in a research report on Tuesday, April 21st. Finally, BMO Capital Markets dropped their target price on shares of Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.08.
Check Out Our Latest Report on AEE
Ameren Price Performance
Ameren (NYSE:AEE – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm posted $1.01 EPS. The business’s revenue was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, sell-side analysts forecast that Ameren will post 5.39 EPS for the current year.
Insider Buying and Selling
In related news, SVP Theresa A. Shaw sold 325 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $109.08, for a total value of $35,451.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $108.96, for a total value of $708,240.00. Following the transaction, the insider directly owned 199,689 shares of the company’s stock, valued at approximately $21,758,113.44. This trade represents a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 8,325 shares of company stock worth $907,716. Insiders own 0.29% of the company’s stock.
Institutional Investors Weigh In On Ameren
A number of institutional investors have recently modified their holdings of AEE. Caitong International Asset Management Co. Ltd raised its position in shares of Ameren by 285.5% in 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 during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in Ameren during the 4th quarter valued at about $29,000. Osterweis Capital Management Inc. grew its position in Ameren by 6,040.0% during 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. Sound Income Strategies LLC increased its stake in Ameren by 6,080.0% during 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 in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Ameren by 74.9% during the 1st 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 in the last quarter. 79.09% of the stock is owned by hedge funds and other 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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