Barclays Maintains an 'Equalweight' on Ameren (AEE); UPDATE: Illinois Gas Proposed Decision
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Price: $106.99 -1.65%
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, "We maintain our $2.43 2012 EPS estimate which assumes Illinois utility EPS of $0.72. This would be consistent with the proposed electric and gas decisions if implemented using $1.89B of equity and a blended ROE. The IL trailer bill would provide for an annual average 30-year treasury yield plus 590 bp in year 1."
"Clarity on the Midwest ISO capacity market could be a key driver AEE's merchant earnings as coal plants begin to close. MISO has asked the Federal Energy Regulatory Commission to amend the joint operating agreement to allow capacity portability. We forecast 5.5 GW of coal shutdowns in MISO by 2015."
For an analyst ratings summary and ratings history on Ameren Corp. click here. For more ratings news on Ameren Corp. click here.
Shares of Ameren Corp. closed at $32.20 yesterday.
Barclays analyst says, "We maintain our $2.43 2012 EPS estimate which assumes Illinois utility EPS of $0.72. This would be consistent with the proposed electric and gas decisions if implemented using $1.89B of equity and a blended ROE. The IL trailer bill would provide for an annual average 30-year treasury yield plus 590 bp in year 1."
"Clarity on the Midwest ISO capacity market could be a key driver AEE's merchant earnings as coal plants begin to close. MISO has asked the Federal Energy Regulatory Commission to amend the joint operating agreement to allow capacity portability. We forecast 5.5 GW of coal shutdowns in MISO by 2015."
For an analyst ratings summary and ratings history on Ameren Corp. click here. For more ratings news on Ameren Corp. click here.
Shares of Ameren Corp. closed at $32.20 yesterday.
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