In yesterday’s Wall Street session, Ameren Corporation (NYSE:AEE) shares traded at $87.29, up 0.48% from the previous session.
As of this writing, 14 analysts cover Ameren Corporation (NYSE:AEE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $101.00 and a low of $89.00, we find $94.00. Given the previous closing price of $86.87, this indicates a potential upside of 8.21 percent. AEE stock price is now -0.90% away from the 50-day moving average and -1.75% away from the 200-day moving average. The market capitalization of the company currently stands at $22.64B.
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There are 6 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $94.36 as their price target over the next twelve months.
With the price target enhanced from $84 to $89, Guggenheim Downgraded its rating from Buy to Neutral for Ameren Corporation (NYSE: AEE). On June 30, 2022, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $94 to quote $96, while ‘Credit Suisse’ rates the stock as ‘Outperform’.
In other news, BAXTER WARNER L, Executive Chairman sold 50,000 shares of the company’s stock on Dec 14. The stock was sold for $4,516,000 at an average price of $90.32. Upon completion of the transaction, the Executive Chairman now directly owns 217,893 shares in the company, valued at $19.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, Executive VP & CFO MOEHN MICHAEL L sold 3,030 shares of the business’s stock. A total of $252,096 was realized by selling the stock at an average price of $83.20. This leaves the insider owning 142,897 shares of the company worth $12.47 million. Insiders disposed of 312,874 shares of company stock worth roughly $27.31 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AEE stock. A new stake in Ameren Corporation shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $840,080,000. ARDEVORA ASSET MANAGEMENT LLP invested $20,597,000 in shares of AEE during the first quarter. In the first quarter, GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in Ameren Corporation valued at approximately $10,098,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in AEE for approximately $5,615,000. LMR PARTNERS LLP purchased a new stake in AEE valued at around $4,308,000 in the second quarter. In total, there are 918 active investors with 80.00% ownership of the company’s stock.
Wednesday morning saw Ameren Corporation (NYSE: AEE) opened at $86.46. During the past 12 months, Ameren Corporation has had a low of $73.28 and a high of $99.20. As of last week, the company has a debt-to-equity ratio of 1.47, a current ratio of 0.80, and a quick ratio of 0.60. The fifty day moving average price for AEE is $88.08 and a two-hundred day moving average price translates $88.84 for the stock.
The latest earnings results from Ameren Corporation (NYSE: AEE) was released for Jun, 2022. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.8, missing analysts’ expectations of $0.83 by -0.03. This compares to $1.65 EPS in the same period last year. The net profit margin was 13.90% and return on equity was 10.50% for AEE. The company reported revenue of $2.31 billion for the quarter, compared to $1.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.33 percent. For the current quarter, analysts expect AEE to generate $1.89B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/30/2022. Investors who held shares on 12/07/2022 were paid a $0.59 dividend. On an annualized basis, this represents a $2.36 dividend and a 2.70% percent yield. There was an ex-dividend date of 12/06/2022 for this dividend. In terms of dividend payout ratio, AEE is presently at 43.10%.
Ameren Corporation(AEE) Company Profile
Ameren Corporation, together with its subsidiaries, 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. It primarily generates electricity through coal, nuclear, and natural gas, as well as renewable sources, such as hydroelectric, wind, methane gas, and solar. The company serves residential, commercial, and industrial customers. Ameren Corporation was founded in 1881 and is headquartered in St. Louis, Missouri.
