FY2024 Earnings Forecast for Ameren Issued By Zacks Research

Ameren Co. (NYSE:AEE) – Research analysts at Zacks Research raised their FY2024 earnings per share estimates for Ameren in a note issued to investors on Friday, January 17th. Zacks Research analyst R. Department now expects that the utilities provider will earn $4.61 per share for the year, up from their previous estimate of $4.60. The consensus estimate for Ameren’s current full-year earnings is $4.63 per share. Zacks Research also issued estimates for Ameren’s Q4 2024 earnings at $0.76 EPS, Q1 2025 earnings at $1.11 EPS, Q1 2026 earnings at $1.34 EPS, Q2 2026 earnings at $1.04 EPS, Q4 2026 earnings at $1.23 EPS and FY2026 earnings at $5.30 EPS.

A number of other equities research analysts also recently issued reports on AEE. BMO Capital Markets boosted their price target on Ameren from $93.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Barclays boosted their target price on shares of Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Morgan Stanley upped their price target on shares of Ameren from $86.00 to $94.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ameren has an average rating of “Moderate Buy” and a consensus price target of $89.89.

Ameren Trading Up 0.5 %

Ameren stock opened at $94.31 on Monday. Ameren has a 52 week low of $67.03 and a 52 week high of $95.69. The stock has a market cap of $25.17 billion, a PE ratio of 22.19, a P/E/G ratio of 2.71 and a beta of 0.48. The stock has a 50-day moving average price of $90.91 and a 200 day moving average price of $85.57. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37.

Insider Activity at Ameren

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the transaction, the chief financial officer now directly owns 205,171 shares of the company’s stock, valued at $18,906,507.65. The trade was a 3.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Metis Global Partners LLC grew its holdings in Ameren by 1.5% during the 3rd quarter. Metis Global Partners LLC now owns 8,513 shares of the utilities provider’s stock worth $745,000 after acquiring an additional 124 shares during the period. CWA Asset Management Group LLC increased its holdings in shares of Ameren by 2.7% during the fourth quarter. CWA Asset Management Group LLC now owns 4,786 shares of the utilities provider’s stock valued at $427,000 after acquiring an additional 125 shares in the last quarter. NorthRock Partners LLC increased its stake in Ameren by 4.2% during the 3rd quarter. NorthRock Partners LLC now owns 3,107 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 126 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Ameren by 1.7% during the third quarter. Integrated Wealth Concepts LLC now owns 9,110 shares of the utilities provider’s stock valued at $797,000 after buying an additional 153 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Ameren by 2.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,489 shares of the utilities provider’s stock worth $757,000 after acquiring an additional 169 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

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.