Q2 2024 EPS Estimates for Ameren Co. (NYSE:AEE) Increased by Analyst

Ameren Co. (NYSE:AEE) – Zacks Research boosted their Q2 2024 earnings estimates for shares of Ameren in a research report issued on Wednesday, April 17th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $0.93 for the quarter, up from their previous forecast of $0.92. The consensus estimate for Ameren’s current full-year earnings is $4.59 per share. Zacks Research also issued estimates for Ameren’s Q4 2024 earnings at $0.81 EPS, Q1 2025 earnings at $1.15 EPS, Q2 2025 earnings at $1.01 EPS, FY2025 earnings at $4.88 EPS, Q1 2026 earnings at $1.31 EPS and FY2026 earnings at $5.31 EPS.

Ameren (NYSE:AEE) last released its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $2.03 billion. Ameren had a net margin of 15.36% and a return on equity of 10.42%. The firm’s revenue for the quarter was down 20.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share.

Other analysts have also issued reports about the stock. Bank of America raised their price objective on shares of Ameren from $77.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. The Goldman Sachs Group began coverage on shares of Ameren in a research note on Wednesday, April 10th. They set a “sell” rating and a $73.00 price objective for the company. BMO Capital Markets lifted their price target on shares of Ameren from $75.00 to $76.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. Barclays reduced their price target on shares of Ameren from $74.00 to $73.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. Finally, StockNews.com lowered shares of Ameren from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Ameren presently has an average rating of “Hold” and an average target price of $79.40.

Ameren Stock Up 1.9 %

NYSE:AEE opened at $73.88 on Thursday. The firm has a market cap of $19.69 billion, a P/E ratio of 16.91, a P/E/G ratio of 2.42 and a beta of 0.44. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.43 and a current ratio of 0.65. Ameren has a fifty-two week low of $67.03 and a fifty-two week high of $91.18. The firm has a 50-day simple moving average of $71.85 and a two-hundred day simple moving average of $73.51.

Ameren Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 13th were issued a $0.67 dividend. This is an increase from Ameren’s previous quarterly dividend of $0.63. The ex-dividend date was Tuesday, March 12th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.63%. Ameren’s dividend payout ratio (DPR) is presently 61.33%.

Insider Buying and Selling

In related news, EVP Mark C. Lindgren sold 1,630 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $70.70, for a total value of $115,241.00. Following the transaction, the executive vice president now owns 47,883 shares of the company’s stock, valued at $3,385,328.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ameren news, CEO Martin J. Lyons sold 7,270 shares of Ameren stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $70.70, for a total transaction of $513,989.00. Following the transaction, the chief executive officer now owns 246,434 shares of the company’s stock, valued at $17,422,883.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark C. Lindgren sold 1,630 shares of Ameren stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $70.70, for a total transaction of $115,241.00. Following the transaction, the executive vice president now directly owns 47,883 shares in the company, valued at approximately $3,385,328.10. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ameren

Several large investors have recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its holdings in Ameren by 100,874.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 74,273,572 shares of the utilities provider’s stock valued at $6,604,406,000 after purchasing an additional 74,200,015 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Ameren by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 32,289,721 shares of the utilities provider’s stock valued at $2,335,838,000 after purchasing an additional 180,794 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Ameren by 46.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,337,950 shares of the utilities provider’s stock valued at $1,326,568,000 after purchasing an additional 5,790,342 shares in the last quarter. State Street Corp lifted its holdings in Ameren by 8.0% during the first quarter. State Street Corp now owns 13,889,994 shares of the utilities provider’s stock valued at $1,302,326,000 after purchasing an additional 1,029,187 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Ameren by 22.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,824,707 shares of the utilities provider’s stock valued at $1,051,453,000 after purchasing an additional 2,200,700 shares in the last quarter. Hedge funds and other 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.