Research Analysts Offer Predictions for Ameren Q4 Earnings

Ameren Co. (NYSE:AEE) – Research analysts at KeyCorp raised their Q4 2024 earnings per share (EPS) estimates for Ameren in a research report issued on Tuesday, December 3rd. KeyCorp analyst S. Karp now anticipates that the utilities provider will earn $0.82 per share for the quarter, up from their prior forecast of $0.71. The consensus estimate for Ameren’s current full-year earnings is $4.61 per share. KeyCorp also issued estimates for Ameren’s FY2025 earnings at $4.95 EPS, FY2026 earnings at $5.29 EPS, FY2027 earnings at $5.65 EPS and FY2028 earnings at $6.09 EPS.

A number of other research firms also recently commented on AEE. Barclays boosted their price target on Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. BMO Capital Markets boosted their target price on shares of Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday. Argus upgraded shares of Ameren to a “strong-buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group assumed coverage on shares of Ameren in a research report on Thursday, September 19th. They set a “buy” rating and a $97.00 price objective for the company. Finally, Mizuho raised Ameren from a “neutral” rating to an “outperform” rating and raised their target price for the company from $82.00 to $89.00 in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.00.

Ameren Stock Performance

NYSE:AEE opened at $92.28 on Thursday. The company has a market cap of $24.63 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 3.02 and a beta of 0.48. Ameren has a fifty-two week low of $67.03 and a fifty-two week high of $95.69. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.41 and a current ratio of 0.63. The stock has a fifty day moving average price of $89.50 and a 200-day moving average price of $81.43.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC boosted its holdings in Ameren by 4.9% in the first quarter. Tidal Investments LLC now owns 4,976 shares of the utilities provider’s stock valued at $368,000 after acquiring an additional 234 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Ameren by 12.1% during the first quarter. Cetera Advisors LLC now owns 7,941 shares of the utilities provider’s stock worth $587,000 after buying an additional 856 shares during the period. EverSource Wealth Advisors LLC raised its stake in Ameren by 227.3% during the first quarter. EverSource Wealth Advisors LLC now owns 455 shares of the utilities provider’s stock worth $34,000 after buying an additional 316 shares during the last quarter. CWM LLC lifted its holdings in Ameren by 8.8% in the second quarter. CWM LLC now owns 11,532 shares of the utilities provider’s stock valued at $820,000 after buying an additional 933 shares during the period. Finally, QRG Capital Management Inc. boosted its position in Ameren by 2.6% during the second quarter. QRG Capital Management Inc. now owns 43,369 shares of the utilities provider’s stock valued at $3,084,000 after acquiring an additional 1,111 shares during the last quarter. 79.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total transaction of $598,975.00. Following the transaction, the chief financial officer now owns 205,171 shares in the company, valued at approximately $18,906,507.65. The trade was a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.

Ameren Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be given a $0.67 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $2.68 annualized dividend and a yield of 2.90%. Ameren’s dividend payout ratio is presently 63.06%.

About Ameren

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.