Ameren (AEE) Stock Rating Lowered by Zacks Investment Research

Ameren (NYSE:AEE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday, January 5th.

According to Zacks, “Ameren Corp's aging infrastructure may pose risks to system reliability and force it to incur unplanned capital expenditures and operating costs. Stringent environmental regulations and operational risks might be potential growth deterrents.  Also its stock is overvalued compared to its historical levels in terms of EV/EBITDA ratio. However, the company is investing heavily to upgrade its aging infrastructure.”

Several other brokerages have also recently weighed in on AEE. Morgan Stanley cut shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 price target on the stock. in a research report on Wednesday, December 13th. ValuEngine cut shares of Ameren from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. KeyCorp reaffirmed a “hold” rating on shares of Ameren in a report on Friday, October 20th. Finally, Bank of America initiated coverage on shares of Ameren in a report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company. Ameren has a consensus rating of “Hold” and a consensus target price of $56.80.

Shares of Ameren (AEE) traded down $0.63 on Friday, hitting $55.52. The stock had a trading volume of 1,385,100 shares, compared to its average volume of 1,298,433. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.40 and a current ratio of 0.61. The firm has a market cap of $13,470.00, a P/E ratio of 22.03, a PEG ratio of 2.63 and a beta of 0.37. Ameren has a 12 month low of $51.35 and a 12 month high of $64.89.

Ameren (NYSE:AEE) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.07). Ameren had a net margin of 10.03% and a return on equity of 8.61%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. The business’s quarterly revenue was down 7.3% on a year-over-year basis. equities research analysts predict that Ameren will post 2.8 earnings per share for the current fiscal year.

In other news, SVP Gregory L. Nelson sold 12,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the completion of the transaction, the senior vice president now directly owns 36,785 shares in the company, valued at approximately $2,305,683.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AEE. Hexavest Inc. grew its position in Ameren by 2.0% in the fourth quarter. Hexavest Inc. now owns 423,357 shares of the utilities provider’s stock worth $24,974,000 after acquiring an additional 8,495 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Ameren by 4.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 83,655 shares of the utilities provider’s stock worth $4,935,000 after acquiring an additional 3,305 shares in the last quarter. Acropolis Investment Management LLC grew its position in Ameren by 101.9% in the fourth quarter. Acropolis Investment Management LLC now owns 3,392 shares of the utilities provider’s stock worth $200,000 after acquiring an additional 1,712 shares in the last quarter. First Citizens Bank & Trust Co. grew its position in Ameren by 8.3% in the fourth quarter. First Citizens Bank & Trust Co. now owns 36,148 shares of the utilities provider’s stock worth $2,132,000 after acquiring an additional 2,759 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd purchased a new position in Ameren in the fourth quarter worth $1,068,000. Hedge funds and other institutional investors own 70.49% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Ameren (AEE) Stock Rating Lowered by Zacks Investment Research” was first published by BBNS and is the sole property of of BBNS. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://baseballnewssource.com/markets/zacks-investment-research-lowers-ameren-aee-to-sell/1818033.html.

Ameren Company Profile

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.

Get a free copy of the Zacks research report on Ameren (AEE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Ameren (NYSE:AEE)

Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.