Ameren (NYSE:AEE) Releases FY 2024 Earnings Guidance

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

Ameren Stock Performance

AEE stock traded down $0.17 during trading hours on Monday, hitting $73.92. 1,024,005 shares of the stock were exchanged, compared to its average volume of 1,721,276. The company has a current ratio of 0.59, a quick ratio of 0.40 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $19.70 billion, a P/E ratio of 16.99, a P/E/G ratio of 2.49 and a beta of 0.44. The company has a 50-day simple moving average of $72.75 and a two-hundred day simple moving average of $73.36. Ameren has a 12 month low of $67.03 and a 12 month high of $90.72.

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

Ameren Increases Dividend

The company also recently announced 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 positive change 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%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AEE. StockNews.com downgraded Ameren from a hold rating to a sell rating in a research note on Friday, April 12th. BMO Capital Markets increased their price target on Ameren from $76.00 to $81.00 and gave the stock an outperform rating in a research note on Monday. Barclays cut their price target on Ameren from $74.00 to $73.00 and set an equal weight rating for the company in a research note on Monday, April 15th. Bank of America increased their price target on Ameren from $77.00 to $78.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group assumed coverage on Ameren in a research note on Wednesday, April 10th. They set a sell rating and a $73.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Ameren has an average rating of Hold and a consensus target price of $79.90.

Insider Buying and Selling at Ameren

In other Ameren news, CEO Martin J. Lyons sold 7,270 shares of the company’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 value of $513,989.00. Following the completion of the sale, the chief executive officer now owns 246,434 shares of the company’s stock, valued at $17,422,883.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Ameren news, CEO Martin J. Lyons sold 7,270 shares of the company’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 $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 document filed with the SEC, which is accessible through this link. Also, 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 value of $115,241.00. Following the transaction, the executive vice president now directly owns 47,883 shares in the company, 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.