Ameren (NYSE:AEE) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Ameren (NYSE:AEE) had its price objective raised by analysts at Morgan Stanley from $86.00 to $94.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 4.63% from the stock’s previous close.

AEE has been the subject of a number of other research reports. BMO Capital Markets increased their target price on shares of Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Argus raised shares of Ameren to a “strong-buy” rating in a report on Thursday, September 19th. Bank of America boosted their target price on shares of Ameren from $86.00 to $87.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Mizuho raised Ameren from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $82.00 to $89.00 in a report on Monday, September 16th. Finally, Barclays boosted their price objective on Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.89.

Ameren Stock Up 0.1 %

Shares of NYSE AEE opened at $89.84 on Friday. The business’s fifty day moving average price is $89.88 and its 200-day moving average price is $82.25. Ameren has a one year low of $67.03 and a one year high of $95.69. The stock has a market capitalization of $23.98 billion, a PE ratio of 21.14, a P/E/G ratio of 2.95 and a beta of 0.48. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.41.

Insiders Place Their Bets

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the transaction, the chief financial officer now owns 205,171 shares of the company’s stock, valued at $18,906,507.65. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Institutional Trading of Ameren

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Metis Global Partners LLC increased its stake in Ameren by 1.5% in the third quarter. Metis Global Partners LLC now owns 8,513 shares of the utilities provider’s stock valued at $745,000 after acquiring an additional 124 shares during the last quarter. Kentucky Retirement Systems boosted its holdings in shares of Ameren by 0.6% in the 2nd quarter. Kentucky Retirement Systems now owns 20,095 shares of the utilities provider’s stock worth $1,429,000 after purchasing an additional 126 shares in the last quarter. NorthRock Partners LLC increased its position in shares of Ameren by 4.2% during the 3rd quarter. NorthRock Partners LLC now owns 3,107 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 126 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Ameren by 1.4% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,803 shares of the utilities provider’s stock valued at $697,000 after buying an additional 135 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in Ameren by 1.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,110 shares of the utilities provider’s stock worth $797,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

About Ameren

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.