FY2024 Earnings Estimate for Ameren Issued By Zacks Research

Ameren Co. (NYSE:AEE) – Investment analysts at Zacks Research lifted their FY2024 earnings estimates for shares of Ameren in a research note issued on Friday, January 17th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $4.61 per share for the year, up from their previous estimate 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.

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

Ameren Trading Up 2.2 %

NYSE AEE opened at $96.21 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.63 and a debt-to-equity ratio of 1.37. Ameren has a 52 week low of $67.03 and a 52 week high of $96.74. The firm has a market cap of $25.68 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 2.90 and a beta of 0.48. The company has a 50 day moving average price of $90.95 and a 200 day moving average price of $85.74.

Insider Activity at Ameren

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 205,171 shares in the company, valued at approximately $18,906,507.65. This represents a 3.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by insiders.

Hedge Funds Weigh In On Ameren

A number of large investors have recently made changes to their positions in the stock. First Citizens Bank & Trust Co. increased its holdings in shares of Ameren by 1.0% in the 4th quarter. First Citizens Bank & Trust Co. now owns 47,282 shares of the utilities provider’s stock valued at $4,215,000 after purchasing an additional 470 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Ameren by 1.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,046 shares of the utilities provider’s stock valued at $896,000 after acquiring an additional 164 shares during the last quarter. Sound Income Strategies LLC grew its stake in Ameren by 10.7% in the 4th quarter. Sound Income Strategies LLC now owns 4,923 shares of the utilities provider’s stock valued at $439,000 after acquiring an additional 477 shares during the last quarter. RFG Advisory LLC grew its stake in Ameren by 21.2% in the 4th quarter. RFG Advisory LLC now owns 4,415 shares of the utilities provider’s stock valued at $394,000 after acquiring an additional 771 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in Ameren by 13.2% in the 4th quarter. Cornerstone Wealth Management LLC now owns 26,460 shares of the utilities provider’s stock valued at $2,359,000 after acquiring an additional 3,093 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

About Ameren

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.