Ameren (NYSE:AEE) Upgraded to “Outperform” by Wolfe Research

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.

Ameren (NYSE:AEE) last released its quarterly earnings results on Friday, August 2nd. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. Ameren had a net margin of 13.08% and a return on equity of 10.31%. During the same quarter last year, the firm posted $0.97 EPS. On average, equities research analysts predict that Ameren will post 3.24 earnings per share for the current fiscal year.

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.

About Ameren

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.

Featured Story: Cost of Capital Explained

The Fly

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit