Ameren Co. (NYSE:AEE) Forecasted to Post FY2024 Earnings of $4.54 Per Share

Ameren Co. (NYSE:AEE) – Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of Ameren in a research report issued to clients and investors on Monday, July 15th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $4.54 per share for the year, up from their previous forecast of $4.52. The consensus estimate for Ameren’s current full-year earnings is $4.59 per share. Zacks Research also issued estimates for Ameren’s Q3 2025 earnings at $1.55 EPS, Q4 2025 earnings at $1.07 EPS and Q2 2026 earnings at $1.14 EPS.

Ameren (NYSE:AEE) last announced its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.08). Ameren had a net margin of 15.84% and a return on equity of 10.20%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the firm earned $1.00 earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. Barclays upgraded Ameren from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $73.00 to $77.00 in a research note on Thursday, May 30th. BMO Capital Markets dropped their price objective on shares of Ameren from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Bank of America upped their target price on shares of Ameren from $77.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. StockNews.com raised shares of Ameren from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Morgan Stanley cut their price objective on shares of Ameren from $76.00 to $72.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.20.

Ameren Trading Down 0.3 %

NYSE:AEE opened at $75.05 on Wednesday. The business’s 50-day moving average is $72.10 and its two-hundred day moving average is $71.95. The firm has a market capitalization of $20.01 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 2.58 and a beta of 0.44. Ameren has a 12 month low of $67.03 and a 12 month high of $88.72. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.59 and a quick ratio of 0.40.

Hedge Funds Weigh In On Ameren

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in Ameren by 25.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,931,588 shares of the utilities provider’s stock worth $1,696,022,000 after acquiring an additional 4,593,638 shares during the period. Zimmer Partners LP raised its stake in shares of Ameren by 204.3% during the first quarter. Zimmer Partners LP now owns 3,827,897 shares of the utilities provider’s stock valued at $283,111,000 after purchasing an additional 2,569,897 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Ameren by 7,133.8% during the fourth quarter. International Assets Investment Management LLC now owns 960,286 shares of the utilities provider’s stock valued at $694,670,000 after purchasing an additional 947,011 shares in the last quarter. Cohen & Steers Inc. bought a new stake in shares of Ameren during the fourth quarter valued at about $60,445,000. Finally, Vanguard Group Inc. lifted its holdings in Ameren by 2.5% in the first quarter. Vanguard Group Inc. now owns 33,092,435 shares of the utilities provider’s stock worth $2,447,516,000 after purchasing an additional 802,714 shares during the period. 79.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ameren

In other Ameren news, Director Rafael Flores sold 1,500 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $71.29, for a total transaction of $106,935.00. Following the completion of the sale, the director now owns 13,768 shares in the company, valued at $981,520.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Rafael Flores sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $71.29, for a total transaction of $106,935.00. Following the completion of the transaction, the director now directly owns 13,768 shares of the company’s stock, valued at $981,520.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark C. Lindgren sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $75.53, for a total value of $302,120.00. Following the completion of the sale, the executive vice president now directly owns 43,935 shares in the company, valued at approximately $3,318,410.55. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Ameren Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, June 12th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Wednesday, June 12th. Ameren’s dividend payout ratio is currently 61.61%.

Ameren Company Profile

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.