Ameren (NYSE:AEE) Releases FY 2022 Earnings Guidance

Ameren (NYSE:AEE – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $3.95-$4.15 for the period, compared to the consensus EPS estimate of $4.06. The company issued revenue guidance of -.

NYSE:AEE traded down $0.16 during trading hours on Monday, reaching $92.49. 25,186 shares of the stock were exchanged, compared to its average volume of 1,293,726. The stock has a market cap of $23.84 billion, a PE ratio of 23.76, a PEG ratio of 3.16 and a beta of 0.34. Ameren has a twelve month low of $79.35 and a twelve month high of $99.20. The firm has a 50 day moving average of $92.30 and a 200 day moving average of $88.33. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.70 and a quick ratio of 0.49.

Ameren (NYSE:AEE – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The utilities provider reported $0.97 EPS for the quarter, hitting analysts’ consensus estimates of $0.97. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.61 billion. Ameren had a net margin of 15.04% and a return on equity of 10.39%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Equities research analysts anticipate that Ameren will post 4.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Wednesday, March 9th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.55%. This is an increase from Ameren’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 8th. Ameren’s dividend payout ratio is currently 60.51%.

Several research analysts recently commented on the company. Credit Suisse Group began coverage on Ameren in a research report on Monday, April 25th. They set an outperform rating and a $104.00 price target for the company. Morgan Stanley increased their price objective on Ameren from $92.00 to $101.00 and gave the company an equal weight rating in a report on Wednesday, April 20th. StockNews.com started coverage on shares of Ameren in a report on Thursday, March 31st. They set a hold rating on the stock. Mizuho increased their price target on shares of Ameren from $90.00 to $98.00 and gave the company a neutral rating in a research note on Tuesday, April 26th. Finally, Wells Fargo & Company upped their target price on shares of Ameren from $95.00 to $100.00 and gave the company an overweight rating in a report on Friday, March 25th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $96.57.

In other news, SVP Mark C. Lindgren sold 1,175 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $85.89, for a total value of $100,920.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shawn E. Schukar sold 1,562 shares of Ameren stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $85.96, for a total value of $134,269.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,299 shares of company stock worth $6,557,116. Corporate insiders own 0.52% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC lifted its position in shares of Ameren by 0.6% during the 4th quarter. Parametric Portfolio Associates LLC now owns 857,018 shares of the utilities provider’s stock valued at $76,283,000 after acquiring an additional 5,120 shares during the period. California State Teachers Retirement System lifted its position in Ameren by 2.2% during the fourth quarter. California State Teachers Retirement System now owns 438,987 shares of the utilities provider’s stock worth $39,074,000 after purchasing an additional 9,419 shares during the period. Allianz Asset Management GmbH grew its stake in Ameren by 0.3% during the fourth quarter. Allianz Asset Management GmbH now owns 136,428 shares of the utilities provider’s stock worth $12,144,000 after buying an additional 450 shares in the last quarter. Sei Investments Co. increased its holdings in Ameren by 27.4% in the 4th quarter. Sei Investments Co. now owns 110,212 shares of the utilities provider’s stock valued at $9,810,000 after buying an additional 23,713 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Ameren in the 4th quarter valued at approximately $6,100,000. 75.06% of the stock is owned by hedge funds and other institutional investors.

Ameren Company Profile (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.

Featured Articles