1 week Ago By ABMN Staff
Ameren ( NYSE:AEE – Free Report ) had its target price trimmed by Barclays from $102.00 to $101.00 in a research report released on Tuesday morning, Benzinga reports.
The brokerage currently has an equal weight rating on the utilities provider’s stock. Other research analysts also recently issued research reports about the company. Morgan Stanley boosted their price target on Ameren from $97.
00 to $101.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. BMO Capital Markets boosted their target price on shares of Ameren from $100.
00 to $105.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. UBS Group upped their price target on shares of Ameren from $106.
00 to $113.00 and gave the stock a “buy” rating in a report on Friday, March 21st. Finally, Evercore ISI raised shares of Ameren from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $89.
00 to $104.00 in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock.
According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.60. Check Out Our Latest Report on Ameren Ameren Trading Down 0.
2 % Ameren ( NYSE:AEE – Get Free Report ) last announced its earnings results on Thursday, February 13th. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
83 by ($0.06). Ameren had a return on equity of 10.
34% and a net margin of 15.51%. During the same quarter last year, the business posted $0.
60 EPS. As a group, sell-side analysts forecast that Ameren will post 4.93 EPS for the current year.
Ameren Increases Dividend The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.71 per share.
This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.02%.
This is a positive change from Ameren’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, March 11th.
Ameren’s dividend payout ratio (DPR) is presently 64.25%. Insider Transactions at Ameren In related news, Director Craig S.
Ivey sold 2,716 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $98.27, for a total value of $266,901.
32. Following the sale, the director now owns 14,495 shares of the company’s stock, valued at $1,424,423.65.
The trade was a 15.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website .
Also, insider Shawn E. Schukar sold 4,743 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $103.
79, for a total value of $492,275.97. Following the completion of the sale, the insider now owns 57,486 shares of the company’s stock, valued at $5,966,471.
94. The trade was a 7.62 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last three months, insiders have sold 12,959 shares of company stock worth $1,316,712. Insiders own 0.
42% of the company’s stock. Institutional Investors Weigh In On Ameren Institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its holdings in Ameren by 14.
4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,174 shares of the utilities provider’s stock valued at $907,000 after acquiring an additional 1,282 shares during the last quarter. JPMorgan Chase & Co.
lifted its position in shares of Ameren by 51.7% in the 3rd quarter. JPMorgan Chase & Co.
now owns 1,064,877 shares of the utilities provider’s stock worth $93,134,000 after purchasing an additional 362,772 shares during the period. National Bank of Canada FI boosted its stake in shares of Ameren by 57.7% in the 3rd quarter.
National Bank of Canada FI now owns 174,840 shares of the utilities provider’s stock valued at $15,291,000 after purchasing an additional 63,993 shares during the last quarter. U.S.
Capital Wealth Advisors LLC acquired a new stake in shares of Ameren during the fourth quarter worth $317,000. Finally, Van ECK Associates Corp increased its position in shares of Ameren by 7.6% during the fourth quarter.
Van ECK Associates Corp now owns 82,061 shares of the utilities provider’s stock worth $7,315,000 after buying an additional 5,808 shares during the period. Institutional investors own 79.09% of the company’s stock.
Ameren Company Profile ( Get Free Report ) Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.
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