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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
10/08/2024 11:51:00 EST
Ameren Corp (AEE)
Industry: Utilities - Regulated Electric
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, AEE has been trading in a range between $87.50 and $83.50 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
AEE is trading below resistance at $87.50, about 0% to the upside. There is support at $80.49 -8% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Ameren Corp $AEE entered a Green zone 75 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $85.67, a potential down side of -1.69% from the recent price of 87.14. The stock is trading 1.11% (potential upside) below its 52 week high of $88.11 and 33.49 % (potential downside) above its 52 week low of $65.28 - based on the recent price.
Company Summary
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.
News
| Ameren Missouri Announces Pricing of Green First Mortgage Bonds due 2055 ST. LOUIS , Sept. 30, 2024 /PRNewswire/ -- Union Electric Company, doing business as Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), announced today the pricing of a public offering of $450 million aggregate principal amount of 5.125% first mortgage bonds due 2055 at 99.881% of their principal amount. Source: PRNewsWire Mon, 30 Sep 2024 17:14:00 -0400 Sentiment: Neutral |
| Is the Options Market Predicting a Spike in Ameren (AEE) Stock? Investors need to pay close attention to Ameren (AEE) stock based on the movements in the options market lately. Source: Zacks Investment Research Tue, 24 Sep 2024 09:45:18 -0400 Sentiment: Neutral |
| AEE Stock Rides on Systemic Investments and Renewable Expansion Ameren continues to benefit from systematic investments to improve infrastructure and its shift to clean energy. Source: Zacks Investment Research Mon, 23 Sep 2024 09:31:17 -0400 Sentiment: Positive |
| Ameren recognized for disability inclusion efforts for 10th consecutive year Ameren earns a top score of 100 on the Disability Equality Index for its efforts to drive change in disability inclusion across business operations ST. LOUIS , Sept. Source: PRNewsWire Fri, 20 Sep 2024 08:00:00 -0400 Sentiment: Neutral |
| Ameren: A Few Improvements, But Still Looks Expensive Ameren Corporation offers stable cash flows and a 3.16% dividend yield, but it underperformed the S&P 500 and U.S. Utilities Index in recent months. The company faces limited customer growth due to poor demographic trends in Illinois, though Missouri's population growth is improving. Ameren plans to invest $21.9 billion in infrastructure from 2024 to 2028, aiming for an 8.2% compound annual growth rate in its rate base. Source: Seeking Alpha Thu, 12 Sep 2024 11:59:55 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 88.11 52 Week Low: 65.2784 Beta: 0.46 50 Day MA: 83.318 200 Day MA: 74.9501 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.075 Qtr Revenue Growth YOY: -0.042 Forward PE: 17.9211 Trailing PE: 19.6704