Ameren (NYSE:AEE) Upgraded at Wall Street Zen

Ameren (NYSE:AEE) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

AEE has been the topic of several other research reports. BTIG Research set a $126.00 price target on shares of Ameren in a research report on Thursday, July 23rd. Truist Financial dropped their price target on shares of Ameren from $120.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on Ameren from $126.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Barclays boosted their price target on shares of Ameren from $116.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Finally, Morgan Stanley dropped their price objective on Ameren from $114.00 to $108.00 and set an “equal weight” rating on the stock in a report on Friday, September 18th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $117.77.

Ameren Stock Up 2.2%

Shares of NYSE:AEE opened at $106.09 on Friday. Ameren has a 12-month low of $96.57 and a 12-month high of $118.32. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38. The stock’s 50-day moving average price is $104.51 and its 200-day moving average price is $108.58. The stock has a market capitalization of $29.37 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 3.03 and a beta of 0.44.

Ameren (NYSE:AEE) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.05. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, equities analysts anticipate that Ameren will post 5.40 earnings per share for the current year.

Insider Transactions at Ameren

In related news, Director Rafael Flores sold 248 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $105.53, for a total transaction of $26,171.44. Following the sale, the director owned 13,888 shares in the company, valued at $1,465,600.64. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Theresa Shaw sold 325 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the transaction, the senior vice president directly owned 32,340 shares of the company’s stock, valued at $3,522,796.20. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 7,073 shares of company stock worth $769,814. 0.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ameren

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amundi grew its stake in Ameren by 106.0% in the first quarter. Amundi now owns 919,349 shares of the utilities provider’s stock valued at $101,055,000 after purchasing an additional 473,048 shares in the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in Ameren in the second quarter worth $1,637,000. Capital Analysts LLC bought a new stake in Ameren during the 2nd quarter worth about $2,232,000. Bank of Nova Scotia acquired a new stake in shares of Ameren in the second quarter valued at approximately $3,288,000. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Ameren by 13.6% during the first quarter. Pictet Asset Management Holding SA now owns 2,268,081 shares of the utilities provider’s stock valued at $249,307,000 after acquiring an additional 270,937 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.

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.