Ameren (NYSE:AEE) Issues FY 2024 Earnings Guidance

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays cut their target price on Ameren from $74.00 to $73.00 and set an equal weight rating on the stock in a research report on Monday, April 15th. BMO Capital Markets upped their price objective on Ameren from $76.00 to $81.00 and gave the stock an outperform rating in a research report on Monday. Bank of America upped their price objective on Ameren from $77.00 to $78.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. The Goldman Sachs Group initiated coverage on Ameren in a research report on Wednesday, April 10th. They set a sell rating and a $73.00 price objective on the stock. Finally, StockNews.com lowered 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 assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $79.90.

Ameren Trading Down 0.2 %

Shares of AEE traded down $0.17 during mid-day trading on Monday, reaching $73.92. The company had a trading volume of 1,024,005 shares, compared to its average volume of 1,721,276. The stock has a market cap of $19.70 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 2.49 and a beta of 0.44. The firm has a fifty day simple moving average of $72.75 and a 200-day simple moving average of $73.36. Ameren has a fifty-two week low of $67.03 and a fifty-two week high of $90.72. The company has a current ratio of 0.59, a quick ratio of 0.40 and a debt-to-equity ratio of 1.31.

Ameren (NYSE:AEE) last issued its earnings results on Friday, May 3rd. The utilities provider reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.08). Ameren had a net margin of 15.84% and a return on equity of 10.20%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the business posted $1.00 EPS. The business’s revenue was down 11.9% on a year-over-year basis. On average, sell-side analysts anticipate that Ameren will post 4.59 EPS for the current fiscal year.

Ameren Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Wednesday, March 13th were given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.63%. This is a boost from Ameren’s previous quarterly dividend of $0.63. The ex-dividend date was Tuesday, March 12th. Ameren’s dividend payout ratio is presently 61.61%.

Insider Activity

In other news, EVP Mark C. Lindgren sold 1,630 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were 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 approximately $3,385,328.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, 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 completion of the sale, the chief executive officer now directly owns 246,434 shares in the company, valued at $17,422,883.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark C. Lindgren sold 1,630 shares of the firm’s 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 $115,241.00. Following the sale, the executive vice president now owns 47,883 shares of the company’s stock, valued at $3,385,328.10. The disclosure for this sale can be found here. Insiders own 0.36% 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.