The stock of Ameren Corp (NYSE: AEE) has decreased by -0.70 when compared to last closing price of 92.03. Despite this, the company has experienced a 4.12% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-07 that Ameren Corporation (NYSE:AEE ) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Andrew Kirk – Director-Investor Relations and Corporate Modeling Martin Lyons – Chairman, President and Chief Executive Officer Michael Moehn – Senior Executive Vice President and Chief Financial Officer Conference Call Participants Robin Shillock – JPMorgan Paul Patterson – Glenrock Associates Carly Davenport – Goldman Sachs Brian Russo – Jefferies David Paz – Wolfe Research Nick Campanella – Barclays Operator Greetings and welcome to the Ameren Corporation Third Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
Is It Worth Investing in Ameren Corp (NYSE: AEE) Right Now?
The price-to-earnings ratio for Ameren Corp (NYSE: AEE) is above average at 21.51x. The 36-month beta value for AEE is also noteworthy at 0.48. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
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The public float for AEE is 265.85M, and at present, short sellers hold a 1.04% of that float. The average trading volume of AEE on November 14, 2024 was 1.38M shares.
AEE’s Market Performance
AEE stock saw an increase of 4.12% in the past week, with a monthly gain of 3.93% and a quarterly increase of 12.36%. The volatility ratio for the week is 2.84%, and the volatility levels for the last 30 days are 1.79% for Ameren Corp (AEE). The simple moving average for the past 20 days is 3.45% for AEE’s stock, with a 18.43% simple moving average for the past 200 days.
Analysts’ Opinion of AEE
Many brokerage firms have already submitted their reports for AEE stocks, with Jefferies repeating the rating for AEE by listing it as a “Buy.” The predicted price for AEE in the upcoming period, according to Jefferies is $97 based on the research report published on September 20, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see AEE reach a price target of $89, previously predicting the price at $82. The rating they have provided for AEE stocks is “Outperform” according to the report published on September 16th, 2024.
UBS gave a rating of “Buy” to AEE, setting the target price at $87 in the report published on July 19th of the current year.
AEE Trading at 5.21% from the 50-Day Moving Average
After a stumble in the market that brought AEE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.49% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 2.84%, as shares surge +3.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.03% upper at present.
During the last 5 trading sessions, AEE rose by +4.12%, which changed the moving average for the period of 200-days by +30.50% in comparison to the 20-day moving average, which settled at $88.34. In addition, Ameren Corp saw 26.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AEE starting from Nwamu Chonda J, who sale 1,610 shares at the price of $81.94 back on Aug 28 ’24. After this action, Nwamu Chonda J now owns 44,432 shares of Ameren Corp, valued at $131,923 using the latest closing price.
Nwamu Chonda J, the Officer of Ameren Corp, proposed sale 1,610 shares at $81.94 during a trade that took place back on Aug 28 ’24, which means that Nwamu Chonda J is holding shares at $131,923 based on the most recent closing price.
Stock Fundamentals for AEE
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.42 for the gross margin
The net margin for Ameren Corp stands at 0.16. The total capital return value is set at 0.04. Equity return is now at value 9.91, with 2.73 for asset returns.
Based on Ameren Corp (AEE), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 2.31. The interest coverage ratio of the stock is 2.45.
Currently, EBITDA for the company is 3.4 billion with net debt to EBITDA at 4.79. When we switch over and look at the enterprise to sales, we see a ratio of 5.63. The receivables turnover for the company is 11.21for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.63.
Conclusion
In summary, Ameren Corp (AEE) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
