Ameren Corp (AEE) is Reiterated by UBS to Neutral, Lowers Price Target to $ 48

Ameren Corp (AEE) was Reiterated by UBS to “Neutral” while Lowering the Price Target of the company shares to $ 48 from a previous price target of $53 . UBS advised their investors in a research report released on Oct 19, 2016.

On the company’s financial health, Ameren Corp reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $0.52. The company had revenue of $1427.00 million for the quarter, compared to analysts expectations of $1452.82 million. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Ameren Corp closed down -0.01 points or -0.02% at $48.03 with 16,58,210 shares getting traded on Friday. Post opening the session at $47.82, the shares hit an intraday low of $47.67 and an intraday high of $48.3 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Investors should note that on Oct 14, 2016, Ameren Corp announced a cash dividend of $0.4400. The company’s management has announced Dec 5, 2016 as the ex-dividend date and fixed the record date on Dec 7, 2016. The payable date has been fixed on Dec 30, 2016.

In a different news, on Sep 9, 2016, Walter J Galvin (director) sold 36,989 shares at $49.94 per share price. According to the SEC, on Aug 15, 2016, Bruce A Steinke (SVP, Finance & CAO) sold 3,000 shares at $50.82 per share price.

Ameren Corporation (Ameren) is a utility holding company. The Company operates in two segments: Ameren Missouri and Ameren Illinois. The Company’s subsidiaries include Ameren Missouri and Ameren Illinois. Ameren also has a subsidiary ATXI that operates a FERC rate-regulated electric transmission business. Ameren Missouri operates a rate-regulated electric generation transmission and distribution business and a rate-regulated natural gas transmission and distribution business in Missouri. It supplies electric and natural gas service to a 24000-square-mile area in central and eastern Missouri. Ameren Illinois operates rate-regulated electric and natural gas transmission and distribution businesses in Illinois. Ameren Illinois supplies electric and natural gas utility service to portions of central and southern Illinois in an area of 40000 square miles.

Ameren Corp

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