Ameren (NYSE:AEE) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Ameren (NYSE:AEEFree Report) from a sell rating to a hold rating in a research note published on Sunday morning.

Several other research firms have also recently issued reports on AEE. Barclays raised their target price on Ameren from $71.00 to $72.00 and gave the stock an equal weight rating in a research note on Wednesday, January 17th. KeyCorp lowered shares of Ameren from an overweight rating to a sector weight rating in a report on Friday, December 15th. Mizuho lowered their price objective on shares of Ameren from $77.00 to $72.00 and set a neutral rating for the company in a report on Monday, December 18th. Bank of America lowered shares of Ameren from a buy rating to a neutral rating and lowered their price objective for the stock from $82.00 to $77.00 in a report on Thursday, January 4th. Finally, JPMorgan Chase & Co. lowered shares of Ameren from an overweight rating to a neutral rating in a report on Monday, December 18th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $82.33.

Check Out Our Latest Analysis on AEE

Ameren Stock Down 0.7 %

Shares of NYSE:AEE opened at $69.54 on Friday. The stock’s 50-day moving average price is $73.62 and its 200-day moving average price is $77.23. Ameren has a 12-month low of $67.70 and a 12-month high of $91.18. The stock has a market capitalization of $18.28 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 2.44 and a beta of 0.45. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 1.24.

Ameren (NYSE:AEEGet Free Report) last posted its earnings results on Thursday, November 9th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.07. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Ameren had a return on equity of 10.67% and a net margin of 14.59%. Ameren’s quarterly revenue was down 10.7% on a year-over-year basis. During the same period last year, the firm earned $1.74 earnings per share. On average, equities analysts anticipate that Ameren will post 4.39 earnings per share for the current year.

Insider Activity

In other news, Director Rafael Flores sold 1,500 shares of Ameren stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the transaction, the director now directly owns 13,007 shares in the company, valued at $1,009,993.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Rafael Flores sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the sale, the director now owns 13,007 shares of the company’s stock, valued at $1,009,993.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael L. Moehn sold 3,244 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $77.28, for a total transaction of $250,696.32. Following the sale, the chief financial officer now directly owns 198,937 shares of the company’s stock, valued at approximately $15,373,851.36. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On Ameren

Institutional investors and hedge funds have recently made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its position in Ameren by 100,874.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 74,273,572 shares of the utilities provider’s stock worth $6,604,406,000 after purchasing an additional 74,200,015 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Ameren by 22.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,824,707 shares of the utilities provider’s stock worth $1,051,453,000 after purchasing an additional 2,200,700 shares during the period. State Street Corp grew its position in Ameren by 8.0% in the 1st quarter. State Street Corp now owns 13,889,994 shares of the utilities provider’s stock worth $1,302,326,000 after purchasing an additional 1,029,187 shares during the period. International Assets Investment Management LLC grew its position in Ameren by 7,133.8% in the 4th quarter. International Assets Investment Management LLC now owns 960,286 shares of the utilities provider’s stock worth $694,670,000 after purchasing an additional 947,011 shares during the period. Finally, Vanguard Group Inc. grew its position in Ameren by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 29,978,760 shares of the utilities provider’s stock worth $2,810,808,000 after purchasing an additional 681,658 shares during the period. Institutional investors own 77.77% of the company’s stock.

About Ameren

(Get Free Report)

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 and transmission businesses.

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Analyst Recommendations for Ameren (NYSE:AEE)

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