Ameren (NYSE:AEE) Coverage Initiated by Analysts at Scotiabank

Stock analysts at Scotiabank began coverage on shares of Ameren (NYSE:AEE) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “sector perform” rating and a $104.00 price target on the utilities provider’s stock. Scotiabank’s price objective would suggest a potential upside of 4.56% from the stock’s current price.

A number of other brokerages have also commented on AEE. BTIG Research set a $126.00 price objective on shares of Ameren in a report on Thursday, July 23rd. KeyCorp raised shares of Ameren from a “sector weight” rating to an “overweight” rating and set a $122.00 target price for the company in a research note on Thursday, July 23rd. Mizuho upped their target price on shares of Ameren from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Wall Street Zen cut shares of Ameren from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Morgan Stanley lowered their price target on shares of Ameren from $114.00 to $108.00 and set an “equal weight” rating for the company in a report on Friday, September 18th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $118.92.

Ameren Price Performance

Ameren stock opened at $99.47 on Tuesday. The business’s fifty day moving average is $106.91 and its two-hundred day moving average is $109.31. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.37 and a current ratio of 0.53. The firm has a market cap of $27.54 billion, a P/E ratio of 17.51, a P/E/G ratio of 2.90 and a beta of 0.46. Ameren has a 52 week low of $96.57 and a 52 week high of $118.32.

Ameren (NYSE:AEE) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Ameren had a return on equity of 10.95% and a net margin of 17.86%.The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company posted $1.01 earnings per share. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Equities research analysts forecast that Ameren will post 5.4 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Rafael Flores sold 248 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $105.53, for a total value of $26,171.44. Following the transaction, the director owned 13,888 shares of the company’s stock, valued at $1,465,600.64. This represents a 1.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Theresa Shaw sold 325 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $108.93, for a total value of $35,402.25. Following the completion of the transaction, the senior vice president owned 32,340 shares in the company, valued at $3,522,796.20. This represents a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,073 shares of company stock valued at $769,814 in the last 90 days. 0.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ameren

Several institutional investors have recently modified their holdings of the stock. Keating Financial Advisory Services Inc. bought a new stake in shares of Ameren in the 2nd quarter valued at about $27,000. Continuum Advisory LLC bought a new position in Ameren during the 2nd quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Ameren by 74.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 292 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 125 shares during the last quarter. Aberdeen Wealth Management LLC acquired a new position in Ameren during the second quarter valued at approximately $35,000. Finally, Ascentis Independent Advisors bought a new stake in Ameren in the first quarter valued at approximately $36,000. 79.09% of the stock is currently owned by institutional investors and hedge funds.

About Ameren

Ameren Corporation is a regulated utility holding company that provides electric and natural gas services to customers in Illinois and Missouri. Through its operating companies, Ameren delivers energy to residential, commercial and industrial customers and operates the infrastructure required to generate, transmit and distribute electricity, as well as distribute natural gas.

Ameren Missouri is involved in electric generation, transmission and distribution and natural gas distribution across Missouri.