KeyCorp Reiterates Hold Rating for Ameren Corporation (AEE)
Ameren Corporation (NYSE:AEE)‘s stock had its “hold” rating reaffirmed by stock analysts at KeyCorp in a report released on Friday. KeyCorp also issued estimates for Ameren Corporation’s Q3 2017 earnings at $1.36 EPS.
Several other research analysts have also recently issued reports on AEE. BidaskClub raised shares of Ameren Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research cut shares of Ameren Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Morgan Stanley increased their price target on shares of Ameren Corporation from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price target for the company. in a report on Monday, June 26th. Two research 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’s stock. The company currently has an average rating of “Hold” and a consensus price target of $54.50.
Shares of Ameren Corporation (NYSE:AEE) opened at 61.56 on Friday. Ameren Corporation has a 52-week low of $46.97 and a 52-week high of $61.74. The firm has a market capitalization of $14.94 billion, a PE ratio of 21.55 and a beta of 0.36. The stock’s 50 day moving average price is $59.50 and its 200-day moving average price is $57.02.
Ameren Corporation (NYSE:AEE) last posted its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.10. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Ameren Corporation had a net margin of 11.11% and a return on equity of 9.57%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. Equities research analysts anticipate that Ameren Corporation will post $2.80 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. acquired a new position in Ameren Corporation during the second quarter worth about $111,000. Acropolis Investment Management LLC grew its position in Ameren Corporation by 0.5% during the second quarter. Acropolis Investment Management LLC now owns 2,406 shares of the utilities provider’s stock worth $132,000 after buying an additional 11 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in Ameren Corporation by 2.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the utilities provider’s stock worth $132,000 after buying an additional 56 shares during the period. V Wealth Management LLC acquired a new position in Ameren Corporation during the second quarter worth about $138,000. Finally, Tower Research Capital LLC TRC grew its position in Ameren Corporation by 367.3% during the first quarter. Tower Research Capital LLC TRC now owns 2,612 shares of the utilities provider’s stock worth $143,000 after buying an additional 2,053 shares during the period. 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.
Receive News & Ratings for Ameren Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren Corporation and related companies with MarketBeat.com's FREE daily email newsletter.