Ameren (NYSE:AEE) Upgraded by JPMorgan Chase & Co. to “Overweight” Rating

Ameren (NYSE:AEE) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Thursday. The brokerage presently has a $126.00 price objective on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 15.79% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets boosted their target price on shares of Ameren from $112.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Argus upped their price objective on Ameren from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, March 23rd. BTIG Research initiated coverage on Ameren in a report on Thursday, April 9th. They issued a “buy” rating and a $131.00 target price on the stock. Wells Fargo & Company restated an “overweight” rating and set a $120.00 price target on shares of Ameren in a research note on Tuesday, April 21st. Finally, Mizuho set a $117.00 price objective on Ameren in a research note on Friday, February 13th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Ameren has an average rating of “Moderate Buy” and an average target price of $118.08.

Ameren Trading Down 0.2%

Shares of Ameren stock opened at $108.82 on Thursday. Ameren has a fifty-two week low of $93.50 and a fifty-two week high of $115.58. The business’s fifty day moving average is $110.40 and its two-hundred day moving average is $106.20. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 1.39. The firm has a market cap of $30.12 billion, a PE ratio of 19.57, a P/E/G ratio of 2.19 and a beta of 0.50.

Ameren (NYSE:AEE) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 EPS for the quarter, beating the consensus estimate of $1.17 by $0.11. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the firm posted $1.07 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Analysts anticipate that Ameren will post 5.36 earnings per share for the current year.

Insider Activity

In related news, SVP Theresa A. Shaw sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $109.35, for a total value of $164,025.00. Following the completion of the transaction, the senior vice president directly owned 32,943 shares of the company’s stock, valued at $3,602,317.05. This represents a 4.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Allstate Corp bought a new stake in Ameren in the third quarter worth about $1,050,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Ameren in the 3rd quarter worth approximately $1,097,000. ANTIPODES PARTNERS Ltd raised its holdings in shares of Ameren by 104,698.0% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 1,370,758 shares of the utilities provider’s stock worth $143,091,000 after purchasing an additional 1,369,450 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Ameren during the third quarter valued at approximately $4,868,000. Finally, Alliancebernstein L.P. boosted its holdings in Ameren by 3.6% during the third quarter. Alliancebernstein L.P. now owns 3,378,053 shares of the utilities provider’s stock worth $352,601,000 after buying an additional 116,819 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

About Ameren

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.