ValuEngine Lowers Ameren (NYSE:AEE) to Hold

Ameren (NYSE:AEE) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday, April 4th, ValuEngine reports.

Several other analysts have also issued reports on AEE. Zacks Investment Research lowered Ameren from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Wells Fargo & Co boosted their target price on Ameren from $73.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, February 11th. Finally, Morgan Stanley lifted their price target on Ameren from $66.00 to $69.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $68.43.

Shares of AEE stock traded down $0.08 during trading hours on Thursday, reaching $72.18. The company had a trading volume of 1,207,920 shares, compared to its average volume of 1,401,514. Ameren has a 12 month low of $55.21 and a 12 month high of $74.91. The company has a quick ratio of 0.39, a current ratio of 0.57 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $17.67 billion, a PE ratio of 21.42, a P/E/G ratio of 3.48 and a beta of 0.29.

Ameren (NYSE:AEE) last posted its earnings results on Thursday, February 14th. The utilities provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). Ameren had a net margin of 12.95% and a return on equity of 10.87%. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts anticipate that Ameren will post 3.27 earnings per share for the current fiscal year.

In other Ameren news, CEO Warner L. Baxter sold 41,090 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $70.77, for a total transaction of $2,907,939.30. Following the sale, the chief executive officer now directly owns 364,913 shares in the company, valued at approximately $25,824,893.01. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Bruce A. Steinke sold 6,441 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $70.84, for a total value of $456,280.44. Following the sale, the chief accounting officer now owns 48,883 shares in the company, valued at $3,462,871.72. The disclosure for this sale can be found here. Insiders sold a total of 121,873 shares of company stock valued at $8,639,431 in the last three months. Corporate insiders own 0.52% of the company’s stock.

Large investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its stake in Ameren by 22.3% in the first quarter. Assenagon Asset Management S.A. now owns 43,363 shares of the utilities provider’s stock worth $3,189,000 after buying an additional 7,896 shares in the last quarter. Private Capital Group LLC grew its holdings in Ameren by 45.7% in the first quarter. Private Capital Group LLC now owns 2,140 shares of the utilities provider’s stock worth $157,000 after purchasing an additional 671 shares during the last quarter. Braun Stacey Associates Inc. grew its holdings in Ameren by 14.2% in the first quarter. Braun Stacey Associates Inc. now owns 144,868 shares of the utilities provider’s stock worth $10,655,000 after purchasing an additional 18,035 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Ameren by 58.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,069 shares of the utilities provider’s stock worth $1,403,000 after purchasing an additional 7,030 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in Ameren by 4.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 26,671 shares of the utilities provider’s stock worth $1,962,000 after purchasing an additional 1,099 shares during the last quarter. 72.48% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: What is included in the gross domestic product?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ameren (NYSE:AEE)

Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.