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

Several brokerages recently issued reports on AEE. Morgan Stanley raised their target price on shares of Ameren from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Barclays boosted their price objective on Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. UBS Group assumed coverage on Ameren in a report on Friday, July 19th. They set a “buy” rating and a $87.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Finally, Mizuho raised shares of Ameren from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $82.00 to $89.00 in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ameren has an average rating of “Moderate Buy” and a consensus target price of $87.80.

Ameren Price Performance

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

Ameren Announces Dividend

The company also recently declared 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. This represents a $2.68 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, December 11th. Ameren’s dividend payout ratio (DPR) is presently 63.06%.

Insider Transactions at Ameren

In related news, EVP Chonda J. Nwamu sold 1,610 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $81.94, for a total transaction of $131,923.40. Following the sale, the executive vice president now owns 44,432 shares in the company, valued at approximately $3,640,758.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

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.