Ameren Corp. (NYSE:AEE) finished Wednesday with a subtraction of -$0.74 to close at $76.11, a downside of -0.96 percent. An average of 1,515,660 shares of common stock have been traded in the last five days. There was a fall of -$4.33 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,259,970 shares traded, while the 50-day average volume stands at 1,269,258.
AEE stock has decreased by -5.24% in the last month. The company shares reached their 1-month lowest point of $75.77 on 09/27/23. With the stock rallying to its 52-week high on 04/25/23, shares of the company touched a low of $73.28 and a high of $92.43 in 52 weeks. It has reached a new high 5 times so far this year and lost -14.41% or -$12.81 in price. In spite of this, the price is down -17.66% from the 52-week high.
Insider Transactions
AEE stock investors should be aware that Ameren Corp. (AEE) stock had its last reported insider trading activity 27 days ago on Sep 01. In this transaction, the insider spent $251,233. SVP & CNO of Subsidiary, Diya Fadi M, disposed of 36,940 shares at a price of $82.37 on Jun 13. The insider now owns more than $3,042,748 worth of shares. Prior to that, Sr Executive VP & CFO MOEHN MICHAEL L went on to Sale 3,080 shares at $81.12 each on Jun 01. An amount of $249,850 was transacted.
Valuation Metrics
Ameren Corp. (AEE) has a trailing price-to-earnings (P/E) ratio of 17.82. The stock’s beta is 0.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.45, the price-to-book (PB) ratio at 1.87.
The company has a payout ratio of 57.02%. The company’s most recent quarterly dividend payment was $0.63 a share, without any change from last year. Its latest increase dividend $0.04 reported on Friday February 10 2023.
Financial Health
The quick ratio of Ameren Corp. for the three months ended June 29 was 0.40, and the current ratio was 0.62, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.34 and a total debt to equity ratio of 1.50 for the quarter ending June 29. Its gross profit as reported stood at $1.51 billion compared to revenue of $7.96 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ameren Corp.’s return on assets was 2.93%.
Earnings Surprise
For the three-month period that ended June 29, Ameren Corp. had $14.33 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $237.0 million in the quarter, while revenues were grew 12.66%. The analyst consensus anticipated Ameren Corp.’s latest quarter earnings to come in at $0.8 per share, but it turned out to be $0.9, a 12.50% surprise. For the quarter, EBITDA amounted to $704.0 million. Shareholders own equity worth $262.75 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Ameren Corp. (AEE) price momentum. RSI 9-day as of the close on 27 September was 23.29%, suggesting the stock is oversold, with historical volatility in this time frame at 15.61%.
As of today, AEE’s price is $78.57 -5.38% or -$4.33 from its 5-day moving average. AEE is currently trading -5.50% lower than its 20-day SMA and -15.20% lower than its 100-day SMA. However, the stock’s current price level is -9.73% below the SMA50 and -13.69% below the SMA200.
The stochastic %K and %D were 22.26% and 43.78%, respectively, and the average true range (ATR) was 1.41. With the 14-day stochastic at 5.78% and the average true range at 1.36, the RSI (14) stands at 30.02%. The stock has reached -1.94 on the 9-day MACD Oscillator while the 14-day reading was at -2.03.
Analyst Ratings
Barclays launched coverage on Ameren Corp. (NYSE: AEE) in its analyst report released on August 23, 2023. The firm assigned the stock an Equal weight rating.
