Brokers Issue Forecasts for Ameren’s Q4 Earnings (NYSE:AEE)

Ameren Co. (NYSE:AEE) – Equities researchers at Zacks Research raised their Q4 2024 EPS estimates for shares of Ameren in a note issued to investors on Wednesday, November 27th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $0.74 per share for the quarter, up from their prior forecast of $0.67. The consensus estimate for Ameren’s current full-year earnings is $4.61 per share. Zacks Research also issued estimates for Ameren’s Q1 2025 earnings at $1.10 EPS, Q2 2025 earnings at $0.85 EPS, Q3 2025 earnings at $1.94 EPS, FY2025 earnings at $4.88 EPS, Q1 2026 earnings at $1.33 EPS, Q2 2026 earnings at $1.08 EPS and FY2026 earnings at $5.28 EPS.

AEE has been the topic of a number of other research reports. Bank of America upped their price target on shares of Ameren from $86.00 to $87.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. BMO Capital Markets upped their price target on shares of Ameren from $84.00 to $87.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Mizuho upgraded shares of Ameren from a “neutral” rating to an “outperform” rating and upped their target price for the company from $82.00 to $89.00 in a research note on Monday, September 16th. Jefferies Financial Group began coverage on shares of Ameren in a research note on Thursday, September 19th. They set a “buy” rating and a $97.00 target price on the stock. Finally, Argus upgraded shares of Ameren to a “strong-buy” rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $87.78.

Ameren Stock Performance

Shares of Ameren stock opened at $92.87 on Monday. The stock has a market cap of $24.79 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 3.11 and a beta of 0.45. The firm’s 50-day moving average is $89.13 and its 200 day moving average is $81.16. Ameren has a 1 year low of $67.03 and a 1 year high of $95.69. 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 Investors Weigh In On Ameren

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in Ameren by 392.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 19,434 shares of the utilities provider’s stock worth $1,382,000 after acquiring an additional 15,484 shares in the last quarter. Versor Investments LP purchased a new stake in Ameren in the 3rd quarter worth approximately $1,417,000. Magnetar Financial LLC purchased a new stake in Ameren in the 2nd quarter worth approximately $2,632,000. Cetera Investment Advisers increased its holdings in Ameren by 137.2% in the 1st quarter. Cetera Investment Advisers now owns 100,154 shares of the utilities provider’s stock worth $7,407,000 after acquiring an additional 57,923 shares in the last quarter. Finally, Lindenwold Advisors INC purchased a new stake in Ameren during the 3rd quarter valued at approximately $1,682,000. 79.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the sale, the chief financial officer now directly owns 205,171 shares of the company’s stock, valued at approximately $18,906,507.65. This represents a 3.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.42% of the company’s stock.

Ameren Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, December 11th. Ameren’s payout ratio is currently 63.06%.

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.