Barclays Maintains an 'Equalweight' on Ameren (AEE); Improving Earned ROE
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Price: $109.40 +0.11%
Rating Summary:
15 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
15 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
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Barclays maintains an 'Equalweight' on Ameren Corp. (NYSE: AEE) price target raised by $1 to $30.00.
Barclays analyst says, "On 10/21 AEE announced a voluntary retirement program for employees of Ameren Missouri and Ameren Services, which provides shared services to the company. Approximately 715 of the roughly 5,700 employees of those subsidiaries are eligible. Eligible employees would have until 12/22 to decide whether to accept the offer and if they accepted until 12/31/11 to leave the company."
"We believe this will help AEE's utilities improve their earned ROE. We are at the top of this year's 8.3-8.9% ROE guidance range and we assume a 9.8% earned versus 10.2% allowed ROE in Missouri in 2012. We maintain our EPS estimates of $2.43 for 2012 and $2.11 for 2013."
For more ratings news on Ameren Corp. click here and for the rating history of Ameren Corp. click here.
Shares of Ameren Corp. closed at $31.76 yesterday.
Barclays analyst says, "On 10/21 AEE announced a voluntary retirement program for employees of Ameren Missouri and Ameren Services, which provides shared services to the company. Approximately 715 of the roughly 5,700 employees of those subsidiaries are eligible. Eligible employees would have until 12/22 to decide whether to accept the offer and if they accepted until 12/31/11 to leave the company."
"We believe this will help AEE's utilities improve their earned ROE. We are at the top of this year's 8.3-8.9% ROE guidance range and we assume a 9.8% earned versus 10.2% allowed ROE in Missouri in 2012. We maintain our EPS estimates of $2.43 for 2012 and $2.11 for 2013."
For more ratings news on Ameren Corp. click here and for the rating history of Ameren Corp. click here.
Shares of Ameren Corp. closed at $31.76 yesterday.
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