Shares of Ameren Corp (NYSE:AEE) have received an average rating of “Buy” from the sixteen brokerages that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $83.00.
A number of equities analysts have commented on the stock. Barclays reiterated a “hold” rating and issued a $84.00 target price on shares of Ameren in a report on Wednesday, April 22nd. Evercore ISI upgraded shares of Ameren from an “in-line” rating to an “outperform” rating and reduced their price objective for the stock from $87.00 to $84.00 in a research note on Monday, April 20th. Wells Fargo & Co reissued a “buy” rating on shares of Ameren in a research report on Tuesday, May 12th. TheStreet lowered shares of Ameren from a “b” rating to a “c+” rating in a report on Friday, April 3rd. Finally, BMO Capital Markets assumed coverage on Ameren in a report on Wednesday, February 19th. They set an “outperform” rating and a $91.00 price objective for the company.
AEE stock traded up $0.52 during trading on Monday, hitting $69.82. 1,340,046 shares of the company’s stock traded hands, compared to its average volume of 2,017,529. The firm has a market capitalization of $17.11 billion, a P/E ratio of 22.09, a PEG ratio of 2.96 and a beta of 0.27. Ameren has a 1 year low of $58.74 and a 1 year high of $87.65. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $72.78 and a two-hundred day simple moving average of $76.52.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.98 dividend on an annualized basis and a yield of 2.84%. Ameren’s dividend payout ratio is currently 59.10%.
Several hedge funds have recently made changes to their positions in AEE. First Republic Investment Management Inc. increased its holdings in Ameren by 6.7% in the 4th quarter. First Republic Investment Management Inc. now owns 6,311 shares of the utilities provider’s stock worth $485,000 after buying an additional 396 shares during the period. Huntington National Bank raised its holdings in shares of Ameren by 3.9% during the fourth quarter. Huntington National Bank now owns 6,110 shares of the utilities provider’s stock worth $469,000 after purchasing an additional 229 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Ameren by 5.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 73,655 shares of the utilities provider’s stock valued at $5,657,000 after purchasing an additional 3,500 shares during the period. IBM Retirement Fund boosted its holdings in Ameren by 62.5% in the first quarter. IBM Retirement Fund now owns 5,804 shares of the utilities provider’s stock valued at $423,000 after purchasing an additional 2,232 shares during the last quarter. Finally, Advisor Partners LLC grew its position in Ameren by 4.9% during the 4th quarter. Advisor Partners LLC now owns 6,573 shares of the utilities provider’s stock worth $514,000 after purchasing an additional 309 shares during the period. 75.90% of the stock is currently owned by institutional investors and hedge funds.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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