Zacks Investment Research Downgrades Ameren Corporation (AEE) to Hold

Ameren Corporation (NYSE:AEE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Ameren Corp. follows a systematic investment strategy, primarily for growth projects and infrastructure upgrade, which enables it to provide reliable services to customers, besides meeting increasing demand. The company’s strong financial position enables it to take such strong investment initiatives. Ameren Corp. has outperformed the industry it belongs to, in the last one year. It also has a handful of projects in the pipeline that are expected to boost its growth trajectory. However, the company's aging infrastructure may pose risks to system reliability and force it to incur unplanned capital expenditures and operating costs. Also its stock is overvalued compared to its historical levels in terms of EV/EBITDA ratio.”

A number of other analysts have also recently weighed in on the company. Morgan Stanley reissued an “equal weight” rating on shares of Ameren Corporation in a research report on Friday, September 8th. BidaskClub raised Ameren Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Goldman Sachs Group, Inc. (The) cut Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 price objective for the company. in a research report on Monday, June 26th. Finally, Barclays PLC cut Ameren Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $60.00 to $58.00 in a research report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company. Ameren Corporation presently has an average rating of “Hold” and a consensus price target of $55.20.

Ameren Corporation (NYSE AEE) opened at 59.45 on Monday. The company has a market capitalization of $14.42 billion, a PE ratio of 20.81 and a beta of 0.37. The firm’s 50-day moving average is $58.60 and its 200-day moving average is $56.09. Ameren Corporation has a 52-week low of $46.84 and a 52-week high of $60.91.

Ameren Corporation (NYSE:AEE) last posted its quarterly earnings data on Friday, August 4th. The utilities provider reported $0.79 earnings per share for the quarter, topping the Zacks’ 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 return on equity of 9.57% and a net margin of 11.11%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. On average, equities research analysts forecast that Ameren Corporation will post $2.80 EPS for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of AEE. BlackRock Inc. lifted its position in Ameren Corporation by 2,750.0% during the 1st quarter. BlackRock Inc. now owns 15,790,855 shares of the utilities provider’s stock worth $862,024,000 after acquiring an additional 15,236,793 shares during the period. Janus Henderson Group PLC lifted its position in Ameren Corporation by 6,693.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,950,938 shares of the utilities provider’s stock worth $106,658,000 after acquiring an additional 1,922,219 shares during the period. Clearbridge Investments LLC lifted its position in Ameren Corporation by 394,363.1% during the 1st quarter. Clearbridge Investments LLC now owns 1,238,614 shares of the utilities provider’s stock worth $67,616,000 after acquiring an additional 1,238,300 shares during the period. Vanguard Group Inc. lifted its position in Ameren Corporation by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 25,537,454 shares of the utilities provider’s stock worth $1,394,090,000 after acquiring an additional 885,912 shares during the period. Finally, State of Tennessee Treasury Department lifted its position in Ameren Corporation by 989.9% during the 1st quarter. State of Tennessee Treasury Department now owns 823,966 shares of the utilities provider’s stock worth $44,980,000 after acquiring an additional 748,367 shares during the period. 69.82% of the stock is owned by institutional investors.

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.

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