KeyCorp Brokers Increase Earnings Estimates for Ameren

Ameren Co. (NYSE:AEE) – KeyCorp raised their Q4 2024 EPS estimates for Ameren in a report released on Monday, October 21st. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $0.71 per share for the quarter, up from their previous forecast of $0.60. The consensus estimate for Ameren’s current full-year earnings is $4.62 per share. KeyCorp also issued estimates for Ameren’s FY2028 earnings at $6.03 EPS.

A number of other equities research analysts also recently issued reports on AEE. Morgan Stanley upped their price objective on shares of Ameren from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Mizuho raised shares of Ameren from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $82.00 to $89.00 in a research report on Monday, September 16th. BMO Capital Markets upped their price objective on shares of Ameren from $84.00 to $87.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Argus upgraded shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Wells Fargo & Company boosted their target price on shares of Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.80.

Ameren Trading Down 1.4 %

Shares of AEE stock opened at $87.80 on Thursday. Ameren has a 52-week low of $67.03 and a 52-week high of $89.54. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.45 and a current ratio of 0.67. The company has a 50-day simple moving average of $85.25 and a two-hundred day simple moving average of $77.89. The company has a market capitalization of $23.41 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 2.89 and a beta of 0.45.

Ameren (NYSE:AEE) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. Ameren had a net margin of 16.28% and a return on equity of 10.20%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis.

Institutional Trading of Ameren

A number of institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its stake in Ameren by 15.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,750 shares of the utilities provider’s stock worth $943,000 after purchasing an additional 1,727 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new stake in Ameren in the 1st quarter worth approximately $67,000. Fox Hill Wealth Management lifted its stake in Ameren by 10.8% in the 1st quarter. Fox Hill Wealth Management now owns 17,160 shares of the utilities provider’s stock worth $1,269,000 after purchasing an additional 1,679 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in Ameren by 117.6% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 370 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Ameren by 163.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 514 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 319 shares in the last quarter. 79.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ameren

In related news, EVP Chonda J. Nwamu sold 1,610 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $81.94, for a total transaction of $131,923.40. Following the sale, the executive vice president now directly owns 44,432 shares in the company, valued at approximately $3,640,758.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Ameren Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Wednesday, December 11th. Ameren’s payout ratio is currently 61.61%.

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.