BMO Capital analyst James Thalacker reiterated a Buy rating on Ameren (AEE – Research Report) yesterday and set a price target of $108.00.
James Thalacker has given his Buy rating due to a combination of factors that highlight Ameren’s strong financial performance and strategic planning. The company reported first-quarter earnings per share that aligned with expectations and reaffirmed its guidance for 2025, indicating stability and confidence in its financial outlook. Ameren’s five-year capital plan, projected to drive significant growth in its rate base and earnings per share, underscores its commitment to long-term growth and operational excellence.
Furthermore, Ameren’s management has shown resilience in navigating potential challenges such as tariff impacts and changes to IRA tax credits. The company has secured necessary equipment for its renewable projects and maintains a robust pipeline of construction agreements, which supports its sales growth forecast. With regulatory certainty and a conservative yet executable plan, Ameren stands out as a high-quality investment in the utility sector, justifying the Buy rating.
In another report released on May 2, Evercore ISI also reiterated a Buy rating on the stock with a $104.00 price target.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AEE in relation to earlier this year.