FY2024 Earnings Estimate for Ameren Issued By Zacks Research

Ameren Co. (NYSE:AEE) – Zacks Research boosted their FY2024 EPS estimates for shares of Ameren in a report issued on Friday, January 17th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $4.61 for the year, up from their previous forecast of $4.60. The consensus estimate for Ameren’s current full-year earnings is $4.63 per share. Zacks Research also issued estimates for Ameren’s Q4 2024 earnings at $0.76 EPS, Q1 2025 earnings at $1.11 EPS, Q1 2026 earnings at $1.34 EPS, Q2 2026 earnings at $1.04 EPS, Q4 2026 earnings at $1.23 EPS and FY2026 earnings at $5.30 EPS.

AEE has been the topic of several other reports. BMO Capital Markets raised their price target on shares of Ameren from $93.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Barclays raised their target price on shares of Ameren from $77.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Evercore ISI raised shares of Ameren from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $89.00 to $104.00 in a research report on Tuesday. Finally, Morgan Stanley raised their target price on shares of Ameren from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.30.

Ameren Price Performance

Ameren stock opened at $96.21 on Monday. Ameren has a 12-month low of $67.03 and a 12-month high of $96.74. The stock has a market capitalization of $25.68 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.90 and a beta of 0.48. The firm’s 50-day moving average is $90.95 and its two-hundred day moving average is $85.74. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.63 and a quick ratio of 0.41.

Institutional Trading of Ameren

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its holdings in Ameren by 2.6% in the third quarter. State Street Corp now owns 13,139,956 shares of the utilities provider’s stock worth $1,149,221,000 after purchasing an additional 334,752 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Ameren by 1.9% during the third quarter. Geode Capital Management LLC now owns 6,672,164 shares of the utilities provider’s stock valued at $581,661,000 after acquiring an additional 127,287 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Ameren by 0.9% during the third quarter. Janus Henderson Group PLC now owns 4,561,994 shares of the utilities provider’s stock valued at $398,992,000 after acquiring an additional 39,300 shares during the period. FMR LLC boosted its holdings in shares of Ameren by 59.8% during the third quarter. FMR LLC now owns 2,631,580 shares of the utilities provider’s stock valued at $230,158,000 after acquiring an additional 984,879 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Ameren by 106.1% during the second quarter. Millennium Management LLC now owns 2,498,158 shares of the utilities provider’s stock valued at $177,644,000 after acquiring an additional 1,286,162 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.

Insider Activity at Ameren

In other news, CFO Michael L. Moehn sold 6,500 shares of Ameren stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total transaction of $598,975.00. Following the sale, the chief financial officer now owns 205,171 shares in the company, valued at $18,906,507.65. This trade represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by 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.