Wolfe Research upgraded shares of Ameren (NYSE:AEE) from a market perform rating to an outperform rating in a research note issued to investors on Thursday, The Fly reports.
A number of other research firms also recently issued reports on AEE. Argus upgraded Ameren from a hold rating to a buy rating in a research note on Thursday, July 25th. KeyCorp assumed coverage on Ameren in a research note on Tuesday, June 4th. They set a sector weight rating for the company. Morgan Stanley lifted their price target on Ameren from $78.00 to $80.00 and gave the company an equal weight rating in a research note on Friday, September 6th. Finally, SunTrust Banks set a $82.00 price target on Ameren and gave the company a hold rating in a research note on Tuesday, September 3rd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $75.40.
Ameren stock traded down $0.17 during midday trading on Thursday, reaching $76.33. The stock had a trading volume of 107,016 shares, compared to its average volume of 1,745,884. Ameren has a 12 month low of $62.06 and a 12 month high of $78.88. The company has a market capitalization of $18.24 billion, a P/E ratio of 22.65, a PEG ratio of 3.57 and a beta of 0.23. The company has a fifty day moving average price of $76.30 and a two-hundred day moving average price of $74.45. The company has a current ratio of 0.55, a quick ratio of 0.39 and a debt-to-equity ratio of 1.04.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 11th will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.90 dividend on an annualized basis and a yield of 2.49%. Ameren’s dividend payout ratio (DPR) is currently 56.38%.
Hedge funds have recently added to or reduced their stakes in the business. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Ameren by 45.9% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,181 shares of the utilities provider’s stock worth $239,000 after buying an additional 1,000 shares during the last quarter. C M Bidwell & Associates Ltd. boosted its stake in shares of Ameren by 173.4% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 3,650 shares of the utilities provider’s stock worth $274,000 after buying an additional 2,315 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Ameren by 4.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 76,659 shares of the utilities provider’s stock worth $5,757,000 after buying an additional 3,524 shares during the last quarter. AJO LP boosted its stake in shares of Ameren by 19.9% in the 1st quarter. AJO LP now owns 406,315 shares of the utilities provider’s stock worth $29,884,000 after buying an additional 67,510 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Ameren by 7.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,302 shares of the utilities provider’s stock worth $1,052,000 after buying an additional 975 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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