Ameren (NYSE:AEE) has been assigned a $53.00 target price by equities research analysts at Morgan Stanley in a research note issued on Tuesday. The firm presently has a “sell” rating on the utilities provider’s stock. Morgan Stanley’s price target indicates a potential downside of 3.07% from the company’s previous close.
AEE has been the topic of a number of other reports. UBS Group assumed coverage on shares of Ameren in a research report on Friday, February 2nd. They set a “neutral” rating and a $57.00 target price on the stock. Zacks Investment Research upgraded 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 Ameren in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 price target for the company. ValuEngine raised Ameren from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ameren in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $56.20.
Ameren (NYSE AEE) opened at $54.68 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.92. Ameren has a 52-week low of $51.81 and a 52-week high of $64.89. The stock has a market cap of $13,361.90, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.58 and a beta of 0.28.
Several hedge funds have recently made changes to their positions in AEE. FMR LLC increased its stake in shares of Ameren by 0.4% in the 2nd quarter. FMR LLC now owns 212,312 shares of the utilities provider’s stock valued at $11,608,000 after acquiring an additional 919 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ameren by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 564,373 shares of the utilities provider’s stock valued at $30,855,000 after acquiring an additional 7,577 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Ameren by 4.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 21,074 shares of the utilities provider’s stock worth $1,152,000 after purchasing an additional 835 shares in the last quarter. Toronto Dominion Bank increased its stake in Ameren by 25.5% during the 2nd quarter. Toronto Dominion Bank now owns 82,194 shares of the utilities provider’s stock worth $4,493,000 after purchasing an additional 16,717 shares in the last quarter. Finally, Sentry Investment Management LLC increased its stake in Ameren by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 19,094 shares of the utilities provider’s stock worth $1,044,000 after purchasing an additional 199 shares in the last quarter. 69.99% of the stock is owned by institutional investors.
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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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