Morgan Stanley Boosts Ameren (AEE) Price Target to $57.00

Ameren (NYSE:AEE) had its price target lifted by investment analysts at Morgan Stanley from $54.00 to $57.00 in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage currently has a “sell” rating on the utilities provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 1.14% from the stock’s previous close.

Several other brokerages have also recently commented on AEE. Zacks Investment Research upgraded shares of Ameren from a “strong sell” rating to a “hold” rating in a research report on Monday, January 15th. UBS raised shares of Ameren from a “neutral” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Monday, April 2nd. Finally, Gabelli started coverage on shares of Ameren in a research note on Tuesday, March 27th. They set a “buy” rating and a $66.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Ameren has an average rating of “Hold” and a consensus price target of $59.50.

Shares of NYSE:AEE opened at $56.36 on Monday. Ameren has a one year low of $51.89 and a one year high of $64.89. The company has a quick ratio of 0.37, a current ratio of 0.55 and a debt-to-equity ratio of 0.97. The company has a market cap of $13,468.66, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.65 and a beta of 0.26.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Friday, February 16th. The utilities provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. Ameren had a net margin of 8.47% and a return on equity of 9.43%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the company earned $0.13 EPS. Ameren’s revenue was up 3.4% on a year-over-year basis. equities research analysts forecast that Ameren will post 3.02 earnings per share for the current fiscal year.

In related news, VP Martin J. Lyons sold 13,111 shares of Ameren stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $54.52, for a total transaction of $714,811.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Bruce A. Steinke sold 1,952 shares of Ameren stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $54.28, for a total transaction of $105,954.56. Following the transaction, the chief accounting officer now directly owns 41,120 shares in the company, valued at approximately $2,231,993.60. The disclosure for this sale can be found here. Insiders have sold a total of 16,986 shares of company stock worth $925,147 in the last three months. 0.44% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Empire Life Investments Inc. lifted its stake in Ameren by 0.6% in the fourth quarter. Empire Life Investments Inc. now owns 155,971 shares of the utilities provider’s stock valued at $9,201,000 after buying an additional 927 shares in the last quarter. Zeke Capital Advisors LLC lifted its stake in Ameren by 31.1% in the fourth quarter. Zeke Capital Advisors LLC now owns 4,552 shares of the utilities provider’s stock valued at $269,000 after buying an additional 1,079 shares in the last quarter. ARP Americas LP lifted its stake in Ameren by 12.5% in the fourth quarter. ARP Americas LP now owns 9,928 shares of the utilities provider’s stock valued at $586,000 after buying an additional 1,100 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Ameren by 5.0% in the fourth quarter. CIBC Asset Management Inc now owns 25,425 shares of the utilities provider’s stock valued at $1,500,000 after buying an additional 1,211 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in Ameren by 0.3% in the fourth quarter. California State Teachers Retirement System now owns 415,329 shares of the utilities provider’s stock valued at $24,500,000 after buying an additional 1,211 shares in the last quarter. 69.75% of the stock is currently owned by institutional investors and hedge funds.

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About Ameren

Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.

Analyst Recommendations for Ameren (NYSE:AEE)

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