Ameren (NYSE:AEE) Stock Rated Sector Perform in New Coverage at Scotiabank

by · The Markets Daily

Scotiabank started coverage on shares of Ameren (NYSE:AEE – Free Report) in a research note released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a sector perform rating and a $104.00 price objective on the utilities provider’s stock.

Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets dropped their price objective on Ameren from $121.00 to $119.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Barclays boosted their target price on Ameren from $116.00 to $117.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of Ameren in a report on Friday, August 7th. Morgan Stanley dropped their price target on Ameren from $114.00 to $108.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Finally, Truist Financial cut their price target on shares of Ameren from $124.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Ameren has an average rating of “Moderate Buy” and an average price target of $118.08.

View Our Latest Stock Analysis on AEE

Ameren Price Performance

AEE stock opened at $99.46 on Tuesday. The stock has a market capitalization of $27.53 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.90 and a beta of 0.44. The firm’s 50-day moving average price is $106.20 and its two-hundred day moving average price is $109.09. The company has a current ratio of 0.53, a quick ratio of 0.37 and a debt-to-equity ratio of 1.38. Ameren has a 12-month low of $96.57 and a 12-month high of $118.32.

Ameren (NYSE:AEE – Get Free Report) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.27 billion. Ameren had a net margin of 17.86% and a return on equity of 10.95%. Ameren’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. As a group, equities analysts predict that Ameren will post 5.4 earnings per share for the current year.

Ameren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th were issued a $0.75 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $3.00 dividend on an annualized basis and a yield of 3.0%. Ameren’s dividend payout ratio is 52.82%.

Insiders Place Their Bets

In other Ameren news, Director Rafael Flores sold 248 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $105.53, for a total transaction of $26,171.44. Following the completion of the transaction, the director owned 13,888 shares of the company’s stock, valued at approximately $1,465,600.64. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Theresa Shaw sold 325 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the sale, the senior vice president owned 32,340 shares in the company, valued at approximately $3,522,796.20. This trade represents a 0.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 7,073 shares of company stock worth $769,814. 0.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Amundi increased its position in Ameren by 106.0% during the 1st quarter. Amundi now owns 919,349 shares of the utilities provider’s stock valued at $101,055,000 after buying an additional 473,048 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in Ameren in the second quarter worth $1,637,000. Franklin Resources Inc. boosted its holdings in Ameren by 5.2% in the fourth quarter. Franklin Resources Inc. now owns 2,473,120 shares of the utilities provider’s stock worth $246,966,000 after acquiring an additional 123,084 shares in the last quarter. Bank of Nova Scotia purchased a new stake in shares of Ameren in the second quarter worth $3,288,000. Finally, Natixis Advisors LLC grew its stake in shares of Ameren by 18.1% in the fourth quarter. Natixis Advisors LLC now owns 77,848 shares of the utilities provider’s stock worth $7,774,000 after acquiring an additional 11,917 shares during the last quarter. 79.09% of the stock is owned by hedge funds and other institutional investors.

About Ameren

(Get Free Report)

Ameren Corporation is a regulated utility holding company that provides electric and natural gas services to customers in Illinois and Missouri. Through its operating companies, Ameren delivers energy to residential, commercial and industrial customers and operates the infrastructure required to generate, transmit and distribute electricity, as well as distribute natural gas.

Ameren Missouri is involved in electric generation, transmission and distribution and natural gas distribution across Missouri.

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