Ameren (NYSE:AEE – Get Free Report) had its price objective upped by equities research analysts at KeyCorp from $90.00 to $91.00 in a note issued to investors on Wednesday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. KeyCorp’s price target suggests a potential upside of 4.67% from the company’s previous close. KeyCorp also issued estimates for Ameren’s Q2 2023 earnings at $0.77 EPS.
A number of other analysts have also commented on AEE. Guggenheim reduced their price target on shares of Ameren from $89.00 to $85.00 in a research note on Friday, July 7th. Wells Fargo & Company lifted their price target on shares of Ameren from $97.00 to $101.00 and gave the stock an “overweight” rating in a research note on Monday, April 10th. Mizuho reduced their price target on shares of Ameren from $91.00 to $87.00 in a research note on Tuesday, May 16th. Bank of America lifted their price target on shares of Ameren from $96.00 to $99.00 and gave the stock a “buy” rating in a research note on Tuesday, April 11th. Finally, Morgan Stanley boosted their target price on shares of Ameren from $84.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, April 20th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Ameren has an average rating of “Moderate Buy” and an average target price of $93.13.
Ameren Stock Up 2.1 %
Shares of Ameren stock opened at $86.94 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.52 and a current ratio of 0.75. The stock has a market capitalization of $22.83 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 3.01 and a beta of 0.43. Ameren has a 52-week low of $73.28 and a 52-week high of $97.53. The company has a 50-day simple moving average of $83.00 and a two-hundred day simple moving average of $85.52.
Insiders Place Their Bets
In other Ameren news, SVP Fadi M. Diya sold 36,940 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $82.37, for a total value of $3,042,747.80. Following the completion of the transaction, the senior vice president now directly owns 57,676 shares in the company, valued at $4,750,772.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Ameren news, CFO Michael L. Moehn sold 3,080 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $81.12, for a total value of $249,849.60. Following the completion of the transaction, the chief financial officer now directly owns 164,179 shares in the company, valued at $13,318,200.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Fadi M. Diya sold 36,940 shares of the business’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $82.37, for a total transaction of $3,042,747.80. Following the completion of the transaction, the senior vice president now directly owns 57,676 shares in the company, valued at approximately $4,750,772.12. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.
Hedge Funds Weigh In On Ameren
Several hedge funds have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC lifted its holdings in shares of Ameren by 100,874.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 74,273,572 shares of the utilities provider’s stock worth $6,604,406,000 after buying an additional 74,200,015 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Ameren by 2.3% in the first quarter. Vanguard Group Inc. now owns 29,978,760 shares of the utilities provider’s stock worth $2,810,808,000 after buying an additional 681,658 shares in the last quarter. State Street Corp lifted its holdings in shares of Ameren by 8.0% in the first quarter. State Street Corp now owns 13,889,994 shares of the utilities provider’s stock worth $1,302,326,000 after buying an additional 1,029,187 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Ameren by 22.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,824,707 shares of the utilities provider’s stock worth $1,051,453,000 after buying an additional 2,200,700 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Ameren by 1.2% in the first quarter. JPMorgan Chase & Co. now owns 6,213,494 shares of the utilities provider’s stock worth $536,784,000 after buying an additional 72,535 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.
Ameren Company Profile
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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