Ameren Co. (NYSE:AEE) Expected to Post Q2 2024 Earnings of $0.93 Per Share

Ameren Co. (NYSE:AEE) – Analysts at Zacks Research raised their Q2 2024 earnings per share (EPS) estimates for shares of Ameren in a research note issued to investors on Wednesday, April 17th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $0.93 per share for the quarter, up from their prior 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.

Several other brokerages also recently weighed in on AEE. Bank of America increased their target price on Ameren from $77.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Barclays cut their price target on Ameren from $74.00 to $73.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. The Goldman Sachs Group started coverage on Ameren in a report on Wednesday, April 10th. They issued a “sell” rating and a $73.00 price target for the company. StockNews.com cut Ameren from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Finally, BMO Capital Markets increased their target price on Ameren from $75.00 to $76.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Ameren presently has an average rating of “Hold” and a consensus price target of $79.40.

Ameren Stock Performance

Shares of NYSE AEE opened at $73.88 on Thursday. The business’s 50-day moving average price is $71.85 and its two-hundred day moving average price is $73.51. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.65 and a quick ratio of 0.43. Ameren has a one year low of $67.03 and a one year high of $91.18. The company has a market capitalization of $19.69 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44.

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

Ameren Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 13th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This is a positive change from Ameren’s previous quarterly dividend of $0.63. This represents a $2.68 dividend on an annualized basis and a yield of 3.63%. Ameren’s dividend payout ratio is 61.33%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Impact Partnership Wealth LLC bought a new position in Ameren in the 3rd quarter valued at $25,000. Penserra Capital Management LLC bought a new position in shares of Ameren in the 1st quarter worth $25,000. Janiczek Wealth Management LLC boosted its position in shares of Ameren by 218.2% in the 3rd quarter. Janiczek Wealth Management LLC now owns 350 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 240 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of Ameren by 117.6% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 370 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Ameren in the 1st quarter worth $27,000. 79.09% of the stock is currently owned by institutional investors.

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.