Ameren Corporation’s (AEE) “Hold” Rating Reaffirmed at KeyCorp

KeyCorp reiterated their hold rating on shares of Ameren Corporation (NYSE:AEE) in a research note released on Friday. KeyCorp also issued estimates for Ameren Corporation’s Q3 2017 earnings at $1.36 EPS.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Ameren Corporation from a hold rating to a sell rating in a research note on Tuesday, October 10th. Morgan Stanley reiterated an equal weight rating on shares of Ameren Corporation in a research note on Friday, September 8th. BidaskClub upgraded shares of Ameren Corporation from a buy rating to a strong-buy rating in a research note on Saturday, August 26th. Finally, Goldman Sachs Group Inc lowered shares of Ameren Corporation from a neutral rating to a sell rating and set a $51.00 price objective for the company. in a research note on Monday, June 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $54.50.

Shares of Ameren Corporation (NYSE AEE) remained flat at $61.56 during midday trading on Friday. 955,251 shares of the company traded hands. The stock has a market cap of $14.94 billion, a P/E ratio of 21.55 and a beta of 0.36. The stock has a 50-day moving average price of $59.50 and a 200-day moving average price of $57.02. Ameren Corporation has a 1-year low of $46.97 and a 1-year high of $61.74.

Ameren Corporation (NYSE:AEE) last released its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share 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 during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $0.61 EPS. Ameren Corporation’s revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that Ameren Corporation will post $2.80 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, December 13th will be paid a $0.4575 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 2.97%. This is a positive change from Ameren Corporation’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Tuesday, December 12th. Ameren Corporation’s payout ratio is currently 61.54%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Credit Suisse AG grew its position in shares of Ameren Corporation by 17.5% during the 1st quarter. Credit Suisse AG now owns 355,359 shares of the utilities provider’s stock valued at $19,399,000 after purchasing an additional 52,967 shares in the last quarter. Archford Capital Strategies LLC purchased a new position in shares of Ameren Corporation during the 1st quarter valued at $1,462,000. Swiss National Bank grew its position in shares of Ameren Corporation by 2.7% during the 2nd quarter. Swiss National Bank now owns 994,693 shares of the utilities provider’s stock valued at $54,380,000 after purchasing an additional 26,500 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Ameren Corporation during the 2nd quarter valued at $307,000. Finally, Acropolis Investment Management LLC grew its position in shares of Ameren Corporation by 0.5% during the 2nd quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Ameren Corporation 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.

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