Ameren (NYSE:AEE) had its target price increased by Wells Fargo & Co from $73.00 to $77.00 in a research report report published on Monday. The firm currently has an outperform rating on the utilities provider’s stock.
Several other brokerages also recently weighed in on AEE. Barclays set a $67.00 target price on Ameren and gave the company a hold rating in a research note on Saturday, November 17th. ValuEngine upgraded Ameren from a hold rating to a buy rating in a research note on Monday, November 12th. UBS Group cut Ameren from a buy rating to a neutral rating and set a $71.00 price target for the company. in a report on Thursday, November 29th. Finally, Wolfe Research cut Ameren from an outperform rating to a hold rating in a report on Friday, October 26th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $67.63.
Shares of NYSE:AEE opened at $70.06 on Monday. Ameren has a twelve month low of $53.08 and a twelve month high of $71.08. The company has a market cap of $17.22 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 0.98.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $1.90 annualized dividend and a yield of 2.71%. Ameren’s dividend payout ratio (DPR) is 67.14%.
A number of institutional investors have recently bought and sold shares of AEE. FMR LLC raised its holdings in Ameren by 285.1% in the 3rd quarter. FMR LLC now owns 3,720,483 shares of the utilities provider’s stock valued at $235,209,000 after acquiring an additional 2,754,278 shares in the last quarter. Bessemer Group Inc. acquired a new position in Ameren in the 3rd quarter valued at approximately $154,395,000. JPMorgan Chase & Co. raised its holdings in Ameren by 836.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,983,461 shares of the utilities provider’s stock valued at $125,394,000 after acquiring an additional 1,771,596 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Ameren by 6,342.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,701,785 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 1,675,368 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Ameren by 6.0% in the 3rd quarter. BlackRock Inc. now owns 17,545,292 shares of the utilities provider’s stock valued at $1,109,213,000 after acquiring an additional 987,641 shares in the last quarter. 72.90% of the stock is owned by hedge funds and other institutional investors.
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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