The price of Ameren Corporation (NYSE:AEE) shares last traded on Wall Street fell -1.74% to $82.92.
Based on available information, 14 analysts follow 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 $97.00 and a low of $85.00, we find $91.00. Given the previous closing price of $84.39, this indicates a potential upside of 7.83 percent. AEE stock price is now -0.67% away from the 50-day moving average and -2.87% away from the 200-day moving average. The market capitalization of the company currently stands at $21.98B.
Among analysts, 6 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $91.18 as their price target over the next twelve months.
With the price target maintained at $90, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Ameren Corporation (NYSE: AEE).
In other news, Diya Fadi M, SVP & CNO of Subsidiary sold 36,940 shares of the company’s stock on Jun 13. The stock was sold for $3,042,748 at an average price of $82.37. Upon completion of the transaction, the SVP & CNO of Subsidiary now directly owns 57,676 shares in the company, valued at $4.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Sr Executive VP & CFO MOEHN MICHAEL L sold 3,080 shares of the business’s stock. A total of $249,850 was realized by selling the stock at an average price of $81.12. This leaves the insider owning 164,179 shares of the company worth $13.61 million. Insiders disposed of 380,529 shares of company stock worth roughly $31.55 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 ERGOTELES LLC during the first quarter worth $3,512,000. BENJAMIN EDWARDS INC invested $3,317,000 in shares of AEE during the first quarter. In the first quarter, ELEMENT CAPITAL MANAGEMENT LLC acquired a new stake in Ameren Corporation valued at approximately $2,621,000. ANDRA AP-FONDEN acquired a new stake in AEE for approximately $2,048,000. VERSOR INVESTMENTS LP purchased a new stake in AEE valued at around $1,982,000 in the second quarter. In total, there are 916 active investors with 80.00% ownership of the company’s stock.
A candlestick chart of Ameren Corporation (NYSE: AEE) showed a price of $84.25 on Thursday morning. During the past 12 months, Ameren Corporation has had a low of $73.28 and a high of $97.53. As of last week, the company has a debt-to-equity ratio of 1.46, a current ratio of 0.70, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $37.75B, which is based on a 19.88 price-to-earnings ratio, a 3.37 price-to-earnings-growth ratio, and a beta of 0.45. The fifty day moving average price for AEE is $83.47 and a two-hundred day moving average price translates $85.40 for the stock.
The latest earnings results from Ameren Corporation (NYSE: AEE) was released for Jun, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.9, beating analysts’ expectations of $0.8 by 0.1. This compares to $0.97 EPS in the same period last year. The net profit margin was 13.30% and return on equity was 10.50% for AEE. The company reported revenue of $2.06 billion for the quarter, compared to $1.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.74 percent. For the current quarter, analysts expect AEE to generate $2.29B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/14/2023 were paid a $0.63 dividend. On an annualized basis, this represents a $2.52 dividend and a 3.04% percent yield. There was an ex-dividend date of 06/13/2023 for this dividend. In terms of dividend payout ratio, AEE is presently at 57.30%.
Ameren Corporation(AEE) 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 and transmission businesses. In addition, the company generates electricity through coal, nuclear, and natural gas, as well as renewable sources, such as hydroelectric, wind, methane gas, and solar. It serves residential, commercial, and industrial customers. The company was founded in 1881 and is headquartered in St. Louis, Missouri.
