Ameren (NYSE:AEE) had its price target hoisted by Wells Fargo & Co from $84.00 to $93.00 in a research report report published on Monday, AnalystRatings.com reports. Wells Fargo & Co currently has an overweight rating on the utilities provider’s stock.

Several other research analysts also recently issued reports on the company. Evercore ISI raised Ameren from an in-line rating to an outperform rating and cut their price target for the stock from $87.00 to $84.00 in a research note on Monday, April 20th. UBS Group cut their price target on Ameren from $92.00 to $83.00 and set a buy rating for the company in a research note on Friday, June 5th. Morgan Stanley lifted their price target on Ameren from $76.00 to $80.00 and gave the stock an equal weight rating in a research note on Friday, July 17th. TheStreet raised Ameren from a c+ rating to a b rating in a research note on Wednesday, June 3rd. Finally, Barclays reaffirmed a hold rating and set a $84.00 price target on shares of Ameren in a research note on Wednesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $83.77.

Ameren stock opened at $81.98 on Monday. Ameren has a one year low of $58.74 and a one year high of $87.65. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.55 and a current ratio of 0.81. The business has a fifty day moving average of $76.81 and a two-hundred day moving average of $76.21. The company has a market cap of $20.55 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 3.56 and a beta of 0.30.

Ameren (NYSE:AEE) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. Ameren had a return on equity of 10.27% and a net margin of 14.57%. Ameren’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 earnings per share. Sell-side analysts predict that Ameren will post 3.46 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. grew its holdings in Ameren by 34.1% in the 2nd quarter. Baird Financial Group Inc. now owns 6,836 shares of the utilities provider’s stock valued at $525,000 after buying an additional 1,738 shares during the period. SG3 Management LLC purchased a new stake in Ameren in the 2nd quarter valued at about $774,000. Gabelli Funds LLC grew its holdings in Ameren by 0.6% in the 2nd quarter. Gabelli Funds LLC now owns 584,650 shares of the utilities provider’s stock valued at $41,136,000 after buying an additional 3,500 shares during the period. Epoch Investment Partners Inc. grew its holdings in Ameren by 62.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,897,043 shares of the utilities provider’s stock valued at $133,476,000 after buying an additional 727,150 shares during the period. Finally, FMR LLC grew its holdings in Ameren by 4.9% in the 2nd quarter. FMR LLC now owns 3,444,024 shares of the utilities provider’s stock valued at $242,321,000 after buying an additional 160,224 shares during the period. Institutional investors own 76.61% of the company’s stock.

Ameren Company Profile

Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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Analyst Recommendations for Ameren (NYSE:AEE)

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