Wall Street Zen upgraded shares of Ameren (NYSE:AEE – Free Report) from a sell rating to a hold rating in a research report sent to investors on Sunday morning.
Other research analysts have also issued research reports about the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $116.00 price objective on shares of Ameren in a report on Friday, January 23rd. Argus raised their price objective on shares of Ameren from $108.00 to $115.00 and gave the company a “buy” rating in a report on Monday, March 23rd. Mizuho set a $117.00 price objective on shares of Ameren in a report on Friday, February 13th. BTIG Research initiated coverage on shares of Ameren in a report on Thursday, April 9th. They issued a “buy” rating and a $131.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ameren from $123.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.00.
Read Our Latest Report on Ameren
Ameren Stock Up 0.1%
Ameren (NYSE:AEE – Get Free Report) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Ameren had a net margin of 17.17% and a return on equity of 10.94%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities research analysts anticipate that Ameren will post 5.36 EPS for the current fiscal year.
Ameren Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, June 9th. Ameren’s dividend payout ratio is currently 53.96%.
Insiders Place Their Bets
In other Ameren news, SVP Theresa A. Shaw sold 325 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $109.08, for a total transaction of $35,451.00. Following the completion of the sale, the senior vice president owned 32,618 shares of the company’s stock, valued at approximately $3,557,971.44. This represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.
Institutional Trading of Ameren
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Excelsior Advisor Network LLC acquired a new stake in Ameren during the 1st quarter valued at approximately $444,000. Quantinno Capital Management LP increased its position in Ameren by 76.1% during the 1st quarter. Quantinno Capital Management LP now owns 361,500 shares of the utilities provider’s stock valued at $39,736,000 after purchasing an additional 156,192 shares during the period. SummitTX Capital L.P. increased its position in Ameren by 1.2% during the 1st quarter. SummitTX Capital L.P. now owns 157,640 shares of the utilities provider’s stock valued at $17,328,000 after purchasing an additional 1,865 shares during the period. Lazard Asset Management LLC increased its position in Ameren by 42.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,331,922 shares of the utilities provider’s stock valued at $146,405,000 after purchasing an additional 399,905 shares during the period. Finally, Gateway Wealth Partners LLC acquired a new stake in Ameren during the 1st quarter valued at approximately $643,000. Institutional investors and hedge funds own 79.09% of the company’s stock.
Ameren News Summary
Here are the key news stories impacting Ameren this week:
- Positive Sentiment: Ameren’s board declared a quarterly cash dividend of 75 cents per share, reinforcing its appeal as an income stock for utility investors. The dividend is payable June 30 to shareholders of record on June 9. Ameren Corporation Directors Declare Quarterly Dividend
- Positive Sentiment: Analyst sentiment remains constructive overall, with Ameren carrying a “Moderate Buy” consensus rating and an average target price around $118, suggesting some upside from recent levels. Ameren Corporation Receives Average Rating of Moderate Buy from Analysts
- Positive Sentiment: JPMorgan still sees value in the name, recently setting a $120 price target, which supports the view that analysts see Ameren as a steady utility with limited downside and modest upside potential. Ameren Given New $120.00 Price Target at JPMorgan Chase & Co.
- Neutral Sentiment: Ameren’s recent earnings report was solid, with EPS of $1.28 beating estimates, though revenue came in slightly below expectations. That keeps the fundamentals stable, but it is not a fresh catalyst today.
- Negative Sentiment: Recent insider selling by SVP Theresa Shaw may add some pressure to sentiment, even though the trades were small and made under a pre-arranged 10b5-1 plan. Insider Selling: Ameren (NYSE:AEE) SVP Sells 325 Shares of Stock
- Negative Sentiment: JPMorgan cut its price target from $123 to $120 and kept a neutral stance, which may have tempered enthusiasm despite the stock still implying some upside. Ameren (NYSE:AEE) Given New $120.00 Price Target at JPMorgan Chase & Co.
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.
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