Brokerages forecast that Ameren Corporation (NYSE:AEE) will report earnings per share of $1.37 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Ameren Corporation’s earnings. The highest EPS estimate is $1.47 and the lowest is $1.29. Ameren Corporation posted earnings per share of $1.52 during the same quarter last year, which suggests a negative year over year growth rate of 9.9%. The business is scheduled to issue its next quarterly earnings results before the market opens on Friday, November 3rd.
According to Zacks, analysts expect that Ameren Corporation will report full year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.80 to $2.81. For the next fiscal year, analysts forecast that the company will report earnings of $3.02 per share, with EPS estimates ranging from $3.00 to $3.05. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Ameren Corporation.
Ameren Corporation (NYSE:AEE) last posted its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the business posted $0.61 EPS. Ameren Corporation’s revenue was up 7.8% compared to the same quarter last year.
AEE has been the topic of several analyst reports. BidaskClub raised shares of Ameren Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Ameren Corporation in a research report on Friday, September 8th. Zacks Investment Research lowered shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target on the stock. in a research report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $54.50.
Ameren Corporation (NYSE AEE) traded down 0.10% on Thursday, reaching $58.78. 1,178,690 shares of the company were exchanged. Ameren Corporation has a 12-month low of $46.84 and a 12-month high of $60.91. The stock has a 50 day moving average of $59.37 and a 200 day moving average of $56.65. The firm has a market capitalization of $14.26 billion, a PE ratio of 20.55 and a beta of 0.36.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Tuesday, September 12th. Ameren Corporation’s payout ratio is presently 61.54%.
Several institutional investors and hedge funds have recently modified their holdings of AEE. UBS Asset Management Americas Inc. raised its position in shares of Ameren Corporation by 5.9% in the first quarter. UBS Asset Management Americas Inc. now owns 861,302 shares of the utilities provider’s stock valued at $47,018,000 after purchasing an additional 47,896 shares during the period. Oxford Asset Management bought a new position in shares of Ameren Corporation in the first quarter valued at about $701,000. Pacer Advisors Inc. raised its position in shares of Ameren Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,955 shares of the utilities provider’s stock valued at $270,000 after purchasing an additional 154 shares during the period. Nordea Investment Management AB raised its position in shares of Ameren Corporation by 50.8% in the first quarter. Nordea Investment Management AB now owns 11,565 shares of the utilities provider’s stock valued at $631,000 after purchasing an additional 3,895 shares during the period. Finally, M&T Bank Corp raised its position in shares of Ameren Corporation by 4.9% in the first quarter. M&T Bank Corp now owns 12,020 shares of the utilities provider’s stock valued at $656,000 after purchasing an additional 566 shares during the period. 69.80% of the stock is currently owned by institutional investors.
About Ameren Corporation
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.
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