Ameren (NYSE:AEE) Issues FY 2024 Earnings Guidance

Ameren (NYSE:AEE) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.550-4.690 for the period, compared to the consensus estimate of 4.620. The company issued revenue guidance of -. Ameren also updated its FY 2025 guidance to 4.850-5.050 EPS.

Wall Street Analyst Weigh In

AEE has been the topic of a number of recent research reports. UBS Group initiated coverage on Ameren in a research report on Friday, July 19th. They issued a “buy” rating and a $87.00 target price on the stock. Bank of America increased their price objective on shares of Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. BMO Capital Markets boosted their target price on shares of Ameren from $84.00 to $87.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Barclays increased their price target on Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Argus raised Ameren to a “strong-buy” rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.80.

Ameren Price Performance

Ameren stock traded up $3.64 during trading on Friday, reaching $90.19. The company had a trading volume of 2,268,955 shares, compared to its average volume of 1,591,171. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.45 and a current ratio of 0.67. The firm’s 50-day simple moving average is $86.35 and its 200 day simple moving average is $79.02. The firm has a market capitalization of $24.05 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.89 and a beta of 0.45. Ameren has a 1-year low of $67.03 and a 1-year high of $90.59.

Ameren Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.97%. Ameren’s dividend payout ratio is currently 63.06%.

Insider Activity at Ameren

In related news, EVP Chonda J. Nwamu sold 1,610 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $81.94, for a total transaction of $131,923.40. Following the completion of the sale, the executive vice president now directly owns 44,432 shares in the company, valued at approximately $3,640,758.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

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.