Ameren (NYSE:AEE) Price Target Raised to $124.00

Ameren (NYSE:AEE) had its price target increased by Mizuho from $122.00 to $124.00 in a research report released on Monday morning, MarketBeat reports. They currently have an outperform rating on the utilities provider’s stock.

A number of other analysts have also recently issued reports on AEE. BMO Capital Markets decreased their target price on Ameren from $121.00 to $119.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. KeyCorp upgraded shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price target on the stock in a report on Thursday, July 23rd. Weiss Ratings raised shares of Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Morgan Stanley boosted their price objective on shares of Ameren from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Finally, Barclays increased their price objective on shares of Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.08.

Ameren Trading Down 0.4%

AEE stock opened at $109.05 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.53 and a debt-to-equity ratio of 1.38. The company has a market cap of $30.18 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.65 and a beta of 0.47. The business has a fifty day simple moving average of $110.86 and a 200-day simple moving average of $109.82. Ameren has a 52 week low of $96.57 and a 52 week high of $118.32.

Ameren (NYSE:AEE) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.27 billion. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities research analysts expect that Ameren will post 5.39 EPS for the current year.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 9th. Ameren’s payout ratio is presently 52.82%.

Insiders Place Their Bets

In related news, SVP Theresa A. Shaw sold 1,500 shares of Ameren stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $109.35, for a total transaction of $164,025.00. Following the sale, the senior vice president owned 32,943 shares of the company’s stock, valued at $3,602,317.05. The trade was a 4.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $108.96, for a total transaction of $708,240.00. Following the completion of the transaction, the insider owned 199,689 shares in the company, valued at $21,758,113.44. This represents a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 8,325 shares of company stock worth $907,716. Corporate insiders own 0.29% of the company’s stock.

Institutional Trading of Ameren

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Ameren by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 35,645,555 shares of the utilities provider’s stock valued at $3,559,565,000 after purchasing an additional 495,945 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Ameren by 2.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,885,476 shares of the utilities provider’s stock worth $1,586,324,000 after purchasing an additional 362,052 shares during the last quarter. State Street Corp raised its position in shares of Ameren by 3.3% in the 4th quarter. State Street Corp now owns 14,503,721 shares of the utilities provider’s stock valued at $1,448,342,000 after purchasing an additional 457,876 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Ameren by 3.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,223,010 shares of the utilities provider’s stock valued at $597,673,000 after purchasing an additional 179,137 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Ameren by 11.5% during the 1st quarter. Janus Henderson Group PLC now owns 5,377,156 shares of the utilities provider’s stock valued at $591,056,000 after buying an additional 553,164 shares during the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

Ameren Company Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.