Ameren (NYSE:AEE) Stock Price Expected to Rise, Barclays Analyst Says

Ameren (NYSE:AEE) had its price objective hoisted by stock analysts at Barclays from $100.00 to $111.00 in a report released on Tuesday, MarketBeat.com reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Barclays‘s target price would suggest a potential upside of 5.25% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Morgan Stanley lowered their target price on shares of Ameren from $105.00 to $104.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. The Goldman Sachs Group upgraded shares of Ameren from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $91.00 to $100.00 in a research note on Wednesday, June 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ameren in a research note on Wednesday, October 8th. UBS Group lifted their price target on Ameren from $111.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, KeyCorp boosted their price target on Ameren from $104.00 to $109.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.63.

Ameren Stock Up 0.5%

Shares of Ameren stock opened at $105.47 on Tuesday. The business’s 50 day simple moving average is $101.77 and its 200 day simple moving average is $98.96. Ameren has a 52-week low of $85.27 and a 52-week high of $106.73. The firm has a market cap of $28.52 billion, a PE ratio of 23.18, a P/E/G ratio of 2.64 and a beta of 0.49. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.56 and a current ratio of 0.80.

Ameren (NYSE:AEE) last announced its earnings results on Thursday, July 31st. The utilities provider reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The business had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The firm’s revenue was up 31.2% on a year-over-year basis. Ameren has set its FY 2025 guidance at 4.850-5.050 EPS. On average, analysts predict that Ameren will post 4.93 earnings per share for the current fiscal year.

Insider Activity at Ameren

In other news, SVP Gwendolyn G. Mizell sold 1,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $101.79, for a total transaction of $101,790.00. Following the transaction, the senior vice president owned 9,129 shares in the company, valued at approximately $929,240.91. This trade represents a 9.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Ameren by 1.4% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 7,105 shares of the utilities provider’s stock valued at $682,000 after acquiring an additional 100 shares during the period. Crews Bank & Trust raised its stake in Ameren by 6.3% in the 2nd quarter. Crews Bank & Trust now owns 1,728 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 103 shares in the last quarter. Segment Wealth Management LLC boosted its holdings in Ameren by 3.6% in the 3rd quarter. Segment Wealth Management LLC now owns 2,941 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 103 shares during the period. NewSquare Capital LLC grew its position in shares of Ameren by 70.9% during the 2nd quarter. NewSquare Capital LLC now owns 258 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 107 shares in the last quarter. Finally, Keb Asset Management LLC increased its holdings in shares of Ameren by 0.9% during the third quarter. Keb Asset Management LLC now owns 12,568 shares of the utilities provider’s stock worth $1,312,000 after purchasing an additional 108 shares during the period. 79.09% of the stock is owned by institutional investors and hedge funds.

Ameren Company Profile

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.