Ameren (AEE) PT Raised to $77.00

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Ameren (NYSE:AEE) had its target price lifted by Wells Fargo & Co from $73.00 to $77.00 in a research note published on Monday morning. Wells Fargo & Co currently has an outperform rating on the utilities provider’s stock.

A number of other brokerages have also commented on AEE. Wolfe Research lowered Ameren from an outperform rating to a hold rating in a research report on Friday, October 26th. UBS Group lowered Ameren from a buy rating to a neutral rating and set a $71.00 price objective on the stock. in a research report on Thursday, November 29th. ValuEngine lowered Ameren from a buy rating to a hold rating in a research report on Thursday, November 1st. Finally, Barclays increased their price objective on Ameren from $63.00 to $65.00 and gave the company a hold rating in a research report on Thursday, November 1st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $67.63.

Shares of AEE opened at $70.06 on Monday. The firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 3.16 and a beta of 0.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.43 and a current ratio of 0.64. Ameren has a 52 week low of $53.08 and a 52 week high of $71.08.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th will be given a $0.475 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $1.90 dividend on an annualized basis and a yield of 2.71%. Ameren’s payout ratio is 67.14%.

A number of institutional investors and hedge funds have recently made changes to their positions in AEE. Schroder Investment Management Group boosted its position in shares of Ameren by 94.0% in the 2nd quarter. Schroder Investment Management Group now owns 95,361 shares of the utilities provider’s stock worth $5,801,000 after purchasing an additional 46,205 shares during the last quarter. Atria Investments LLC bought a new position in shares of Ameren in the 3rd quarter worth $238,000. DNB Asset Management AS boosted its position in shares of Ameren by 63.4% in the 3rd quarter. DNB Asset Management AS now owns 21,900 shares of the utilities provider’s stock worth $1,385,000 after purchasing an additional 8,500 shares during the last quarter. BB&T Corp boosted its position in shares of Ameren by 6.8% in the 3rd quarter. BB&T Corp now owns 12,750 shares of the utilities provider’s stock worth $806,000 after purchasing an additional 808 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of Ameren by 7.7% in the 3rd quarter. Aperio Group LLC now owns 115,687 shares of the utilities provider’s stock worth $7,314,000 after purchasing an additional 8,250 shares during the last quarter. Hedge funds and other institutional investors own 72.90% of the company’s stock.

About Ameren

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.

Further Reading: Net Asset Value

Analyst Recommendations for Ameren (NYSE:AEE)

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