Q2 2024 Earnings Estimate for Ameren Co. Issued By Zacks Research (NYSE:AEE)

Ameren Co. (NYSE:AEE) – Research analysts at Zacks Research increased their Q2 2024 earnings per share estimates for Ameren in a report issued on Wednesday, April 17th. Zacks Research analyst R. Department now anticipates 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 posted its quarterly earnings data on Friday, February 23rd. The utilities provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). The business 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 business’s revenue for the quarter was down 20.9% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS.

A number of other equities research analysts also recently commented on AEE. Bank of America increased their price objective on Ameren from $77.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. The Goldman Sachs Group assumed coverage on Ameren in a report on Wednesday, April 10th. They set a “sell” rating and a $73.00 target price for the company. Barclays dropped their price target on Ameren from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Monday. BMO Capital Markets upped their price objective on shares of Ameren from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Finally, StockNews.com downgraded shares of Ameren from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $79.40.

Ameren Stock Up 2.3 %

AEE stock opened at $71.93 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.65 and a quick ratio of 0.43. The firm has a market cap of $19.17 billion, a PE ratio of 16.46, a P/E/G ratio of 2.36 and a beta of 0.44. Ameren has a 12 month low of $67.03 and a 12 month high of $91.18. The firm has a 50 day simple moving average of $71.65 and a 200 day simple moving average of $73.50.

Ameren Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.73%. 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. Ameren’s dividend payout ratio is currently 61.33%.

Insiders Place Their Bets

In other news, CEO Martin J. Lyons sold 7,270 shares of the business’s stock in a transaction 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 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 is available at this hyperlink. In other 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 sale, the executive vice president now directly owns 47,883 shares in the company, valued at approximately $3,385,328.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Martin J. Lyons sold 7,270 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 transaction 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 disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On Ameren

A number of large investors have recently added to or reduced their stakes in AEE. Moneta Group Investment Advisors LLC raised its stake in Ameren by 100,874.2% during the 4th 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 during the last quarter. Vanguard Group Inc. lifted its position in shares of Ameren by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 32,289,721 shares of the utilities provider’s stock worth $2,335,838,000 after buying an additional 180,794 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 acquiring an additional 5,790,342 shares during the period. State Street Corp boosted its stake in shares of Ameren by 8.0% in the 1st 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. increased its position in shares of Ameren by 22.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,824,707 shares of the utilities provider’s stock worth $1,051,453,000 after purchasing an additional 2,200,700 shares in the last quarter. 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.