Barclays Maintains an 'Equalweight' on Ameren (AEE); Attractive Dividend Yield
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Price: $106.13 -2.45%
Rating Summary:
15 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
15 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on Ameren Corp. (NYSE: AEE) price target of $30.00.
Barclays analyst says, "Q3 Adjusted EPS was $1.57 which was well ahead of the $1.29 consensus. AEE attributed the upside to rate relief and cost management primarily. The company raised 2011 EPS guidance to $2.50-$2.60 from $2.30-$2.55...We are raising our 2011 EPS estimate $0.12 to $2.55. We maintain our 2012 EPS estimate of $2.43 and our 2013 estimate of $2.11."
"On the Q3 conference call management identified a payout range as 55-70% of the regulated businesses. This follows the company's recent decision to increase the annual dividend to $1.60/share from $1.54/share which is a 5.0% dividend yield. The $1.60 reflects a 70% payout of 2011 regulated EPS guidance. AEE's common equity ratio is an attractive 53.9%."
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 $32.29 yesterday.
Barclays analyst says, "Q3 Adjusted EPS was $1.57 which was well ahead of the $1.29 consensus. AEE attributed the upside to rate relief and cost management primarily. The company raised 2011 EPS guidance to $2.50-$2.60 from $2.30-$2.55...We are raising our 2011 EPS estimate $0.12 to $2.55. We maintain our 2012 EPS estimate of $2.43 and our 2013 estimate of $2.11."
"On the Q3 conference call management identified a payout range as 55-70% of the regulated businesses. This follows the company's recent decision to increase the annual dividend to $1.60/share from $1.54/share which is a 5.0% dividend yield. The $1.60 reflects a 70% payout of 2011 regulated EPS guidance. AEE's common equity ratio is an attractive 53.9%."
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 $32.29 yesterday.
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