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 EPS guidance of 4.550-4.690 for the period, compared to the consensus EPS estimate of 4.620. The company issued revenue guidance of -. Ameren also updated its FY 2025 guidance to 4.850-5.050 EPS.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AEE shares. Wells Fargo & Company upped their price target on Ameren from $91.00 to $96.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Barclays lifted their price target on shares of Ameren from $77.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Argus upgraded shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. BMO Capital Markets raised their price objective on Ameren from $84.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Finally, UBS Group started coverage on Ameren in a research report on Friday, July 19th. They set a “buy” rating and a $87.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.80.

Ameren Stock Performance

AEE traded up $0.12 during trading hours on Wednesday, reaching $87.78. The company’s stock had a trading volume of 1,799,691 shares, compared to its average volume of 1,581,836. 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 company’s 50-day moving average is $86.10 and its 200-day moving average is $78.85. Ameren has a 52 week low of $67.03 and a 52 week high of $89.54. The firm has a market cap of $23.41 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 2.83 and a beta of 0.45.

Ameren Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 11th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Wednesday, December 11th. Ameren’s payout ratio is 60.63%.

Insider Buying and Selling at Ameren

In other 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 owns 44,432 shares in the company, valued at $3,640,758.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.