Ameren Corp (NYSE:AEE): Can it Maintain the Trend?

[Market Wired] Ameren Corp (NYSE:AEE)(TREND ANALYSISannounced the addition of Ameren Corporation (NYSE: AEE) to its Nexus strategic partner network. Ameren joins Southern Company (NYSE: SO), National Grid plc (NYSE: NGG), and Xcel Energy Inc. (NYSE: XEL) as strategic partners working collaboratively on innovation, new technologies, business models and investments focused on the future of the electric utility industry.

EIP works with its partners to adapt strategy to a changing energy landscape, to enable innovation, and to enhance operational excellence in their core businesses. Based in New York and San Francisco, EIP is led by a team of professionals who built their careers developing the strategic technology investment business at General Electric. EIP recently announced its first investment, leading a round for AutoGrid Systems, which provides big data analytics and cloud computing solutions for the energy industry.

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Ameren Corp (NYSE:AEE) stock is currently trading 0.33% below its 52-week-high, 36.58% above its 52-week-low. The 1-year stock price history is in the range of $37.26 – $51.06. Ameren Corp (AEE) has a price to earnings ratio of 19.75 versus Utilities sector average of 15.93. AEE stock price has outperformed the S&P 500 by 15.2%. The Electric-Integrated company is currently valued at $12.35 billion, and its share price closed the last trading session at $50.89. The stock has a 50-day moving average of $48.14 and a 200-day moving average of $46.35.

Ameren Corp (AEE) current short interest stands at 5.72 million shares. It has increased by 19% from the same period of last month. Around 6% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.6 million shares, the number of days required to cover the short positions stand at 2.3 days.

AEE is forecasted to report earnings per share of $0.55 and a revenue of $1.46 billion for the 2nd Quarter of the fiscal year 2016. Ameren Corp (AEE) declared last quarter earnings on May 11. The Electric-Integrated company announced last quarter earnings per share of $0.43 against a consensus Street estimate of $0.41, beating the average estimate by $0.02. The company posted a revenue of $1.43 billion compared to an estimation of $1.51 billion.

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There are currently thirteen analysts that cover Ameren Corp stock. Of those thirteen, four have a Buy rating, eight have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $48.5.

A recent analyst activity consisted of Barclays reiterating their Overweight stance on May 16. Barclays decreased price target from $55 to $52. This corresponds to a 2.18% upside from the last closing price. On the date of report, the stock closed at $47.49.

Argus Research downgraded their Buy rating to Hold on April 4. On the date of report, the stock closed at $50.4.

Ameren Corp (AEE) has a debt to equity ratio of 104% compared to Utilities sector average of 134.5%. The company has a current ratio of 0.79. This ratio should be higher than one (ideally two) and is an indicator to show if the company is able to finance its short term obligations. Indeed, it should have higher short term assets to dispose in order to cover for its short term liabilities.

Company snapshot

Ameren Corporation is a public utility holding company. The Company, through its subsidiaries, generates electricity, delivers electricity and distributes natural gas to customers in Missouri and Illinois.

Ameren Corp (NYSE:AEE): Can it Maintain the Trend? was last modified: June 10th, 2016 by Steven Finley