Truist Securities Cuts Ameren (AEE) Price Target to $116

Truist Securities has reaffirmed its Buy rating on Ameren Corporation, lowering the price target to $116, a 9.71% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:16 PM EDT

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Truist Securities cut its price target on Ameren Corporation ($AEE) to $116 from $120 on October 14, 2026, and rates the stock "Buy".

Since the rating, $AEE is up 1.4% to date (from the $104.58 close on Oct 14, 2026).

AEE Ameren Corporation

$106.08 +7.39% year to date

Daily close · Oct 16, 2026

Key Points

On October 14, 2026, Truist Securities reiterated its Buy rating on Ameren Corporation with a revised price target of $116, down from $120.
Truist Securities's $116 price target implies 9.71% upside from Ameren Corporation's ($AEE) current $105.73 share price.
As of October 16, 2026, Ameren's stock is recently trading around $105.73, which is about 8.9% below Truist's new target.
Ameren is set to report earnings on November 4, 2026, and the company has a dividend rate of $3.00 per share.

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Truist Securities has maintained its Buy rating on Ameren Corporation (NYSE: AEE) and adjusted its price target from $120 to $116 on October 14, 2026. This change reflects a shift in the firm's outlook on the stock while still endorsing a positive view.

Other Institutional Activity in Ameren Corporation

Blackrock Inc. holds 25,818,527 shares of Ameren, valued at about $2.74 billion after increasing its position by 2,020,456 shares, a 8.5% rise. Price (T. Rowe) Associates Inc. reduced its stake by 724,133 shares, leaving it with 20,636,717 shares worth approximately $2.19 billion, reflecting a 3.4% decrease. Vanguard Capital Management LLC slightly increased its holdings by 125,477 shares, totaling 18,050,825 shares valued at around $1.91 billion. Meanwhile, Vanguard Portfolio Management LLC grew its shares by 174,213, ending with 16,011,790 shares worth about $1.70 billion. State Street Corporation also added 241,862 shares, bringing its total to 15,171,626 shares valued at roughly $1.61 billion.

Ameren Corporation Stock Up 3.4%

As of October 16, 2026, Ameren's shares were recently trading around $105.73. This is about 8.9% below the new target set by Truist Securities. The stock is currently navigating through a challenging environment, particularly as it approaches its earnings report on November 4, 2026.

12-month forecast

$AEE price target

Ameren Corporation daily closes and this analyst's $116 target. Not advice.

Recent Earnings

Ameren reported a trailing twelve-month revenue of approximately $8.41 billion, with an EPS of $5.68. The company has faced a revenue growth decline of 6.2% year-over-year, but maintains a net margin of 18.6% and a return on equity of 11.9%.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

C 57/100

Reported May 5, 2026

Forward outlook
1 target raises vs 1 cuts.
EPS & revenue
EPS beat estimates by 7.3%. Revenue missed estimates by 4.6%.
Profit surprise
EBITDA beat by 5 percent. Operating income beat by 15 percent.
Pre-earnings setup
Expectations were about average.
Analyst signal
1 upgrade, 1 target raise, 1 target cut.
Earnings quality
Gross margin up 55.1 points. Operating margin up 3.9 points. Positive free cash flow.

Earnings Call Summary

The company earned $1.28 per share in the first quarter, beating consensus of $1.17, driven by steady infrastructure investment and new generation projects. Revenue of $2.18 billion fell short of the $2.28 billion expected due to warmer winter weather in Missouri. Management highlighted progress on data centers and new power plants, with groundbreaking expected this spring on the $2.2 billion in signed agreements.

Guidance Ameren reaffirmed its full year earnings forecast of $5.25 to $5.45 per share. The company expects to invest more than $70 billion in the grid through 2035 and signed $2.2 billion in data center agreements this quarter.

Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.

Insider Buying and Selling at Ameren Corporation

In recent insider transactions, Officer Michael L. Moehn sold 6,500 shares at $108.96 on August 3, 2026, totaling about $708,240. Officer Theresa A. Shaw sold 325 shares for approximately $35,402 on August 14, 2026. Officer Ryan Martin sold 971 shares valued at about $106,689 on August 20, 2026, while Director Rafael Flores sold 248 shares at a price of $105.53 on September 11, 2026, for around $26,171.

Analysts Set New Price Targets

On October 14, 2026, Truist Securities reiterated its Buy rating for Ameren with a new target price of $116. Earlier, on October 13, 2026, Keybanc maintained an Overweight rating, raising its target to $122. Mizuho also maintained its Outperform rating with a target of $113 on September 30, 2026. The consensus among analysts indicates a cautious outlook as the average target remains below current trading levels.

About Ameren Corporation

Ameren Corporation operates as a public utility holding company in the United States. It provides services in electric generation, transmission, and distribution, along with natural gas transmission and distribution. The company is headquartered in Saint Louis, MO, and is led by CEO Mr. Martin J. Lyons Jr., employing around 8,913 people.

Bottom Line

Investors should watch for Ameren's upcoming earnings report on November 4, 2026, to gauge its financial health amid recent challenges. Truist's adjustment of the price target highlights a shift in market expectations, reflecting broader industry trends.