Truist Financial Lowers Ameren (NYSE:AEE) Price Target to $120.00

Ameren (NYSE:AEE) had its price objective lowered by investment analysts at Truist Financial from $124.00 to $120.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. Truist Financial’s target price would indicate a potential upside of 9.37% from the stock’s previous close.

A number of other brokerages have also recently issued reports on AEE. BMO Capital Markets dropped their price objective on Ameren from $121.00 to $119.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. BTIG Research set a $126.00 target price on shares of Ameren in a report on Thursday, July 23rd. Wall Street Zen lowered shares of Ameren from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Mizuho increased their price target on shares of Ameren from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. Finally, KeyCorp raised shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 price objective for the company in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Ameren presently has an average rating of “Moderate Buy” and a consensus target price of $121.75.

Ameren Price Performance

NYSE:AEE opened at $109.72 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. The stock’s 50-day simple moving average is $111.01 and its 200 day simple moving average is $110.07. The company has a market cap of $30.37 billion, a P/E ratio of 19.32, a P/E/G ratio of 2.65 and a beta of 0.47. Ameren has a 52-week low of $96.57 and a 52-week high of $118.32.

Ameren (NYSE:AEE) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. Ameren’s revenue was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, sell-side analysts forecast that Ameren will post 5.39 EPS for the current fiscal year.

Insider Activity at Ameren

In other news, insider Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction that occurred 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 directly owned 199,689 shares in the company, valued at approximately $21,758,113.44. The trade was a 3.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Ameren

A number of large investors have recently added to or reduced their stakes in AEE. Keating Financial Advisory Services Inc. acquired a new stake in Ameren during the 2nd quarter valued at $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Ameren by 285.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 197 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Ameren in the fourth quarter valued at about $29,000. Osterweis Capital Management Inc. raised its position in shares of Ameren by 6,040.0% in the second quarter. Osterweis Capital Management Inc. now owns 307 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 302 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Ameren by 74.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock worth $33,000 after buying an additional 125 shares during the last quarter. Institutional investors own 79.09% of the company’s stock.

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.