Ameren Co. (NYSE:AEE) Forecasted to Earn Q1 2022 Earnings of $0.97 Per Share

Ameren Co. (NYSE:AEE – Get Rating) – Investment analysts at KeyCorp increased their Q1 2022 earnings per share (EPS) estimates for shares of Ameren in a research report issued to clients and investors on Tuesday, April 19th. KeyCorp analyst S. Karp now expects that the utilities provider will earn $0.97 per share for the quarter, up from their prior estimate of $0.93. KeyCorp also issued estimates for Ameren’s Q3 2022 earnings at $1.73 EPS, Q4 2022 earnings at $0.50 EPS and FY2022 earnings at $4.07 EPS.

Ameren (NYSE:AEE – Get Rating) last announced its quarterly earnings results on Thursday, February 17th. The utilities provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.39 billion. Ameren had a net margin of 15.48% and a return on equity of 10.31%. During the same period last year, the firm earned $0.46 earnings per share.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company upped their price target on shares of Ameren from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, March 25th. StockNews.com started coverage on shares of Ameren in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Morgan Stanley upped their price target on shares of Ameren from $92.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.83.

NYSE AEE opened at $98.51 on Thursday. The company’s fifty day simple moving average is $90.00 and its 200-day simple moving average is $87.29. Ameren has a 52 week low of $79.35 and a 52 week high of $98.63. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 1.28. The stock has a market cap of $25.39 billion, a P/E ratio of 25.65, a PEG ratio of 3.30 and a beta of 0.36.

Hedge funds have recently bought and sold shares of the stock. Stonebridge Capital Advisors LLC lifted its holdings in Ameren by 885.7% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 276 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 248 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in Ameren in the fourth quarter worth about $26,000. Consolidated Planning Corp acquired a new stake in Ameren in the 3rd quarter valued at about $33,000. FSB Premier Wealth Management Inc. acquired a new stake in Ameren in the 4th quarter valued at about $38,000. Finally, Johnson Financial Group Inc. purchased a new stake in Ameren during the fourth quarter valued at about $38,000. 75.47% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Mark C. Lindgren sold 999 shares of the company’s stock in a transaction dated Thursday, March 31st. The shares were sold at an average price of $94.44, for a total transaction of $94,345.56. Following the completion of the transaction, the senior vice president now owns 42,126 shares in the company, valued at $3,978,379.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Martin J. Lyons sold 8,164 shares of the company’s stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $85.44, for a total transaction of $697,532.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,299 shares of company stock valued at $6,557,116. 0.52% of the stock is owned by insiders.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Wednesday, March 9th were paid a dividend of $0.59 per share. This is a positive change from Ameren’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 8th. This represents a $2.36 annualized dividend and a yield of 2.40%. Ameren’s payout ratio is presently 61.46%.

About Ameren (Get Rating)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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