Ameren Corporation (AEE) Downgraded by Zacks Investment Research to Sell

Ameren Corporation (NYSE:AEE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

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. On the brighter note, the company follows a systematic investment strategy, primarily for growth projects and infrastructure upgrade, which enables it to provide reliable services to customers, besides meeting increasing demand.”

AEE has been the subject of several other reports. BidaskClub lowered shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Morgan Stanley lifted their target price on shares of Ameren Corporation from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price for the company. in a report on Monday, June 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $54.50.

Ameren Corporation (NYSE:AEE) traded up 0.95% on Tuesday, reaching $59.71. The company had a trading volume of 242,246 shares. Ameren Corporation has a one year low of $46.84 and a one year high of $60.91. The firm has a market capitalization of $14.49 billion, a price-to-earnings ratio of 20.90 and a beta of 0.36. The company’s 50 day moving average is $59.37 and its 200-day moving average is $56.69.

Ameren Corporation (NYSE:AEE) last released its earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.10. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the business earned $0.61 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts expect that Ameren Corporation will post $2.80 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. purchased a new position in Ameren Corporation in the 2nd quarter worth approximately $111,000. Acropolis Investment Management LLC raised its holdings in Ameren Corporation by 0.5% in the 2nd quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock worth $132,000 after acquiring an additional 11 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Ameren Corporation by 2.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock worth $132,000 after acquiring an additional 56 shares during the last quarter. V Wealth Management LLC purchased a new position in Ameren Corporation in the 2nd quarter worth approximately $138,000. Finally, Tower Research Capital LLC TRC raised its holdings in Ameren Corporation by 367.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,612 shares of the utilities provider’s stock worth $143,000 after acquiring an additional 2,053 shares during the last quarter. Institutional investors own 69.80% of the company’s stock.

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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