Ameren (NYSE:AEE) Releases FY 2024 Earnings Guidance

Ameren (NYSE:AEE) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 4.520-4.720 for the period, compared to the consensus estimate of 4.610. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research firms have commented on AEE. The Goldman Sachs Group began coverage on shares of Ameren in a research report on Wednesday, April 10th. They set a sell rating and a $73.00 target price on the stock. StockNews.com cut Ameren from a hold rating to a sell rating in a research report on Friday, April 12th. Bank of America boosted their price objective on shares of Ameren from $77.00 to $78.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. Barclays cut their target price on shares of Ameren from $74.00 to $73.00 and set an equal weight rating for the company in a research report on Monday, April 15th. Finally, BMO Capital Markets raised their price objective on shares of Ameren from $76.00 to $81.00 and gave the stock an outperform rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ameren currently has an average rating of Hold and a consensus price target of $79.90.

Ameren Trading Down 0.3 %

Shares of Ameren stock traded down $0.22 during trading hours on Monday, hitting $73.87. The company’s stock had a trading volume of 583,952 shares, compared to its average volume of 1,717,280. Ameren has a 12 month low of $67.03 and a 12 month high of $90.72. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.59 and a quick ratio of 0.40. The company has a market capitalization of $19.69 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 2.49 and a beta of 0.44. The stock has a 50 day moving average of $72.75 and a 200 day moving average of $73.36.

Ameren (NYSE:AEE) last announced its earnings results on Friday, May 3rd. The utilities provider reported $0.98 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.08). The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $2.19 billion. Ameren had a return on equity of 10.20% and a net margin of 15.84%. The business’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter last year, the business posted $1.00 earnings per share. Analysts predict that Ameren will post 4.59 earnings per share for the current year.

Ameren Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Wednesday, March 13th were issued a dividend of $0.67 per share. The ex-dividend date was Tuesday, March 12th. This is an increase from Ameren’s previous quarterly dividend of $0.63. 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 61.61%.

Insider Activity

In related news, CEO Martin J. Lyons sold 7,270 shares of Ameren stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $70.70, for a total value of $513,989.00. Following the sale, the chief executive officer now owns 246,434 shares of the company’s stock, valued at $17,422,883.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Mark C. Lindgren sold 1,630 shares of Ameren stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $70.70, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Martin J. Lyons sold 7,270 shares of the company’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 $513,989.00. Following the completion of the sale, the chief executive officer now owns 246,434 shares in the company, valued at approximately $17,422,883.80. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

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.