Ameren Corporation (NYSE:AEE) Receives $121.42 Average Target Price from Brokerages

Ameren Corporation (NYSE:AEEGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $121.4167.

Several brokerages have recently commented on AEE. KeyCorp upgraded shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price objective on the stock in a research report on Thursday, July 23rd. Mizuho lifted their target price on shares of Ameren from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ameren in a report on Friday, August 7th. Morgan Stanley cut their price target on Ameren from $118.00 to $114.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Finally, Barclays raised their price target on Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th.

Check Out Our Latest Analysis on AEE

Insider Activity

In related news, SVP Theresa A. Shaw sold 325 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $108.93, for a total value of $35,402.25. Following the transaction, the senior vice president directly owned 32,340 shares of the company’s stock, valued at approximately $3,522,796.20. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total value of $708,240.00. Following the completion of the transaction, the insider owned 199,689 shares of the company’s stock, valued at $21,758,113.44. The trade was a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Ameren

Several institutional investors and hedge funds have recently modified their holdings of AEE. Keating Financial Advisory Services Inc. bought a new position in shares of Ameren during the second quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its stake in Ameren by 285.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 197 shares in the last quarter. Continuum Advisory LLC bought a new stake in Ameren in the 2nd quarter valued at $30,000. Garton & Associates Financial Advisors LLC bought a new stake in Ameren in the 4th quarter valued at $29,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Ameren by 74.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.

Ameren Trading Down 1.0%

Ameren stock opened at $106.71 on Friday. The firm has a 50 day moving average of $110.88 and a 200 day moving average of $110.32. The firm has a market capitalization of $29.54 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 2.60 and a beta of 0.47. Ameren has a 12-month low of $96.57 and a 12-month high of $118.32. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38.

Ameren (NYSE:AEEGet Free Report) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the business earned $1.01 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, research analysts predict that Ameren will post 5.4 earnings per share for the current year.

Ameren Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a dividend of $0.75 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.00 annualized dividend and a dividend yield of 2.8%. Ameren’s dividend payout ratio (DPR) is currently 52.82%.

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)

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