Ameren (NYSE:AEE) Releases FY 2024 Earnings Guidance

Ameren (NYSE:AEE) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.550-4.690 for the period, compared to the consensus earnings per share 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 research firms recently commented on AEE. Barclays upped 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. Wells Fargo & Company upped their price target on Ameren from $91.00 to $96.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Morgan Stanley raised their price objective on Ameren from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. UBS Group began coverage on shares of Ameren in a research note on Friday, July 19th. They issued a “buy” rating and a $87.00 price target on the stock. Finally, Argus raised shares of Ameren to a “strong-buy” rating in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.80.

Ameren Stock Up 4.2 %

Ameren stock traded up $3.64 during mid-day trading on Friday, reaching $90.19. 2,268,955 shares of the company’s stock were exchanged, compared to its average volume of 1,591,171. 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 has a twelve month low of $67.03 and a twelve month high of $90.59. The company has a market cap of $24.05 billion, a P/E ratio of 21.22, a P/E/G ratio of 2.89 and a beta of 0.45. The company has a fifty day moving average of $86.35 and a 200-day moving average of $79.02.

Ameren Dividend Announcement

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

Insiders Place Their Bets

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 value of $131,923.40. Following the sale, the executive vice president now owns 44,432 shares of the company’s stock, valued at $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 is available through this hyperlink. 0.42% of the stock is owned by company insiders.

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.