Q3 2023 EPS Estimates for Ameren Co. (NYSE:AEE) Decreased by Analyst

Posted by Defense World Staff on Oct 20th, 2023

Ameren Co. (NYSE:AEE – Free Report) – Equities researchers at KeyCorp decreased their Q3 2023 earnings per share (EPS) estimates for shares of Ameren in a report released on Tuesday, October 17th. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings per share of $1.81 for the quarter, down from their previous estimate of $1.83. KeyCorp has a “Overweight” rating and a $82.00 price target on the stock. The consensus estimate for Ameren’s current full-year earnings is $4.37 per share.

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company reduced their price target on Ameren from $101.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. JPMorgan Chase & Co. raised their price objective on Ameren from $94.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 16th. Guggenheim decreased their target price on Ameren from $85.00 to $75.00 in a research note on Monday, October 9th. StockNews.com started coverage on Ameren in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Morgan Stanley lifted their target price on Ameren from $82.00 to $84.00 and gave the stock an “equal weight” rating in a report on Thursday, September 21st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Ameren currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.67.

View Our Latest Stock Report on Ameren

Ameren Stock Performance

Shares of AEE stock opened at $77.65 on Thursday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.40 and a current ratio of 0.62. Ameren has a fifty-two week low of $69.71 and a fifty-two week high of $92.43. The company has a market capitalization of $20.40 billion, a P/E ratio of 18.19, a PEG ratio of 2.79 and a beta of 0.46. The stock has a 50 day moving average price of $78.28 and a two-hundred day moving average price of $82.80.

Ameren (NYSE:AEE – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.77 billion. Ameren had a return on equity of 10.50% and a net margin of 13.65%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $0.80 EPS.

Ameren Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Tuesday, December 12th. Ameren’s dividend payout ratio (DPR) is 59.02%.

Insider Activity at Ameren

In other Ameren news, CFO Michael L. Moehn sold 3,155 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $79.63, for a total value of $251,232.65. Following the completion of the transaction, the chief financial officer now directly owns 161,369 shares in the company, valued at approximately $12,849,813.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ameren

Large investors have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC boosted its stake in Ameren by 100,874.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 74,273,572 shares of the utilities provider’s stock worth $6,604,406,000 after purchasing an additional 74,200,015 shares during the period. Vanguard Group Inc. raised its position in shares of Ameren by 2.3% during the first quarter. Vanguard Group Inc. now owns 29,978,760 shares of the utilities provider’s stock valued at $2,810,808,000 after buying an additional 681,658 shares during the last quarter. BlackRock Inc. raised its position in shares of Ameren by 0.3% during the second quarter. BlackRock Inc. now owns 18,837,990 shares of the utilities provider’s stock valued at $1,538,499,000 after buying an additional 56,202 shares during the last quarter. State Street Corp increased its stake in Ameren by 8.0% in the first quarter. State Street Corp now owns 13,889,994 shares of the utilities provider’s stock valued at $1,302,326,000 after acquiring an additional 1,029,187 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in 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 valued at $1,051,453,000 after acquiring an additional 2,200,700 shares during the period. Institutional investors own 77.77% of the company’s stock.

Ameren Company Profile

(Get Free Report)

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.