Ameren (NYSE: AEE) has recently received a number of price target changes and ratings updates:
- 9/26/2018 – Ameren is now covered by analysts at SunTrust Banks, Inc.. They set a “hold” rating and a $64.00 price target on the stock.
- 9/21/2018 – Ameren had its price target lowered by analysts at Morgan Stanley from $67.00 to $65.00. They now have an “equal weight” rating on the stock.
- 9/17/2018 – Ameren had its price target raised by analysts at Wells Fargo & Co from $67.00 to $71.00. They now have an “outperform” rating on the stock.
- 9/11/2018 – Ameren had its price target raised by analysts at Morgan Stanley from $62.00 to $67.00. They now have an “equal weight” rating on the stock.
Shares of AEE traded up $0.42 during midday trading on Thursday, hitting $62.56. The company had a trading volume of 14,886 shares, compared to its average volume of 1,890,910. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.45 and a current ratio of 0.62. The stock has a market capitalization of $15.38 billion, a PE ratio of 22.11, a PEG ratio of 2.93 and a beta of 0.21. Ameren Corp has a 1 year low of $51.89 and a 1 year high of $66.11.
Ameren (NYSE:AEE) last announced its quarterly earnings data on Friday, August 3rd. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.18. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Ameren had a return on equity of 10.60% and a net margin of 9.85%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. analysts predict that Ameren Corp will post 3.25 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Adviser Investments LLC acquired a new position in Ameren during the first quarter worth approximately $105,000. Rampart Investment Management Company LLC acquired a new position in Ameren during the second quarter worth approximately $150,000. Orrstown Financial Services Inc. acquired a new position in Ameren during the second quarter worth approximately $152,000. Bronfman E.L. Rothschild L.P. increased its position in Ameren by 274.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,553 shares of the utilities provider’s stock worth $155,000 after buying an additional 1,871 shares during the period. Finally, Centaurus Financial Inc. acquired a new position in Ameren during the second quarter worth approximately $166,000. Institutional investors and hedge funds own 70.42% of the company’s stock.
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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