Ameren (AEE) Lowered to Hold at ValuEngine
ValuEngine cut shares of Ameren (NYSE:AEE) from a buy rating to a hold rating in a research note released on Monday morning.
A number of other brokerages have also recently commented on AEE. Zacks Investment Research raised shares of Ameren from a sell rating to a hold rating in a research report on Tuesday, November 7th. Bank of America initiated coverage on shares of Ameren in a research report on Tuesday, October 24th. They set a neutral rating and a $62.00 price objective on the stock. KeyCorp reissued a hold rating on shares of Ameren in a research report on Friday, October 20th. BidaskClub raised shares of Ameren from a buy rating to a strong-buy rating in a research report on Saturday, August 26th. Finally, Morgan Stanley reissued an equal weight rating on shares of Ameren in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $56.00.
Shares of Ameren (AEE) traded down $0.66 on Monday, reaching $63.09. 1,700,600 shares of the company’s stock were exchanged, compared to its average volume of 1,409,545. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $15,467.97, a PE ratio of 24.71, a P/E/G ratio of 3.40 and a beta of 0.36. Ameren has a twelve month low of $48.41 and a twelve month high of $64.89.
Ameren (NYSE:AEE) last issued its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.24 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.07). The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.87 billion. Ameren had a net margin of 10.03% and a return on equity of 8.61%. The business’s revenue was down 7.3% compared to the same quarter last year. During the same period last year, the company posted $1.52 EPS. research analysts forecast that Ameren will post 2.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.4575 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Tuesday, December 12th. This is a boost from Ameren’s previous quarterly dividend of $0.44. Ameren’s dividend payout ratio is 69.84%.
In other news, SVP Gregory L. Nelson sold 12,000 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total transaction of $752,160.00. Following the transaction, the senior vice president now owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in AEE. Strs Ohio lifted its position in Ameren by 23.6% in the 2nd quarter. Strs Ohio now owns 40,019 shares of the utilities provider’s stock valued at $2,187,000 after acquiring an additional 7,643 shares in the last quarter. NGAM Advisors L.P. lifted its position in Ameren by 1.5% in the 2nd quarter. NGAM Advisors L.P. now owns 37,907 shares of the utilities provider’s stock valued at $2,072,000 after acquiring an additional 544 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in Ameren by 26.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 284,712 shares of the utilities provider’s stock valued at $15,541,000 after acquiring an additional 58,993 shares in the last quarter. Rothschild Asset Management Inc. lifted its position in Ameren by 1.9% in the 2nd quarter. Rothschild Asset Management Inc. now owns 10,917 shares of the utilities provider’s stock valued at $597,000 after acquiring an additional 207 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Ameren by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 23,805 shares of the utilities provider’s stock valued at $1,301,000 after buying an additional 85 shares during the last quarter. 70.39% of the stock is currently owned by institutional investors and hedge funds.
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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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