Ameren Stock Sees FY2026 Earnings Forecast Lifted at KeyCorp

Key Points

• KeyCorp raised Ameren’s FY2026 EPS forecast to $5.44 from $5.39 and maintained an “Overweight” rating with a $122 price target. Analysts’ consensus rating is “Moderate Buy,” with an average target of $117.77.
• Ameren reported quarterly EPS of $1.13, beating estimates of $1.08, though revenue declined 5.8% year over year to $2.09 billion. The company reaffirmed FY2026 earnings guidance of $5.25–$5.45 per share.
• Ameren declared a quarterly dividend of $0.75 per share, equivalent to $3.00 annually and a 2.9% yield; institutional investors own approximately 79.1% of the company’s stock.

Ameren Corporation (NYSE:AEE - Free Report) - Equities researchers at KeyCorp lifted their FY2026 EPS estimates for Ameren in a report released on Monday, October 12th. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings of $5.44 per share for the year, up from their prior estimate of $5.39. KeyCorp currently has an "Overweight" rating and a $122.00 target price on the stock. The consensus estimate for Ameren's current full-year earnings is $5.40 per share. KeyCorp also issued estimates for Ameren's Q4 2026 earnings at $0.70 EPS, FY2027 earnings at $5.87 EPS, FY2028 earnings at $6.39 EPS, FY2029 earnings at $6.87 EPS and FY2030 earnings at $7.40 EPS.

Other analysts also recently issued research reports about the stock. BTIG Research set a $126.00 price target on shares of Ameren in a research note on Thursday, July 23rd. Truist Financial lowered their price target on Ameren from $120.00 to $116.00 and set a "buy" rating for the company in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on Ameren from $126.00 to $137.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. BMO Capital Markets reduced their price objective on Ameren from $121.00 to $119.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. Finally, Scotiabank began coverage on Ameren in a report on Tuesday, September 29th. They set a "sector perform" rating and a $104.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.77.

Ameren Price Performance

Shares of AEE stock opened at $104.46 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.53 and a quick ratio of 0.37. The company has a market capitalization of $28.92 billion, a P/E ratio of 19.46, a P/E/G ratio of 3.05 and a beta of 0.44. The company's 50-day simple moving average is $104.65 and its two-hundred day simple moving average is $108.64. Ameren has a one year low of $96.57 and a one year high of $118.32.

Ameren (NYSE:AEE - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. Ameren had a net margin of 17.86% and a return on equity of 10.95%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the firm posted $1.01 EPS. The firm's revenue was down 5.8% compared to the same quarter last year. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS.

Ameren Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, December 8th. This represents a $3.00 dividend on an annualized basis and a yield of 2.9%. Ameren's dividend payout ratio (DPR) is presently 52.82%.

Insider Activity at Ameren

In other Ameren news, Director Rafael Flores sold 248 shares of Ameren stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $105.53, for a total value of $26,171.44. Following the transaction, the director owned 13,888 shares in the company, valued at $1,465,600.64. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Moehn sold 6,500 shares of Ameren stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $108.96, for a total value of $708,240.00. Following the completion of the transaction, the insider owned 199,689 shares in the company, valued at $21,758,113.44. This trade represents a 3.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,073 shares of company stock valued at $769,814 over the last quarter. 0.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. First Citizens Bank & Trust Co. boosted its stake in Ameren by 437.4% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 11,081 shares of the utilities provider's stock worth $1,101,000 after purchasing an additional 9,019 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in shares of Ameren in the third quarter valued at about $259,000. Wedmont Private Capital raised its position in shares of Ameren by 17.8% in the third quarter. Wedmont Private Capital now owns 3,215 shares of the utilities provider's stock valued at $327,000 after buying an additional 486 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Ameren by 9.5% in the third quarter. Farther Finance Advisors LLC now owns 5,195 shares of the utilities provider's stock valued at $516,000 after buying an additional 449 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC raised its position in shares of Ameren by 1.5% in the third quarter. Avidian Wealth Enterprises LLC now owns 8,212 shares of the utilities provider's stock valued at $816,000 after buying an additional 124 shares during the last quarter. Institutional investors own 79.09% of the company's stock.

Ameren Company Profile

Ameren Corporation is a regulated utility holding company that provides electric and natural gas services to customers in Illinois and Missouri. Through its operating companies, Ameren delivers energy to residential, commercial and industrial customers and operates the infrastructure required to generate, transmit and distribute electricity, as well as distribute natural gas.

Ameren Missouri is involved in electric generation, transmission and distribution and natural gas distribution across Missouri.

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