FY2026 Earnings Estimate for Ameren Issued By Scotiabank

Key Points

• Scotiabank forecast Ameren’s FY2026 EPS at $5.38 and FY2027 EPS at $5.70, while maintaining a “Sector Perform” rating and a $104 price target. The FY2026 estimate is slightly below the $5.40 consensus.
• Ameren reported quarterly EPS of $1.13, beating expectations of $1.08, but revenue fell 5.8% year over year to $2.09 billion. Management’s FY2026 EPS guidance is $5.25–$5.45.
• Analysts collectively rate Ameren “Moderate Buy,” with a $118.08 average price target, while the company pays a quarterly dividend of $0.75, equivalent to a 3.0% annualized yield.

Ameren Corporation (NYSE:AEE - Free Report) - Analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for Ameren in a research note issued to investors on Thursday, October 1st. Scotiabank analyst I. Rapp forecasts that the utilities provider will post earnings per share of $5.38 for the year. Scotiabank currently has a "Sector Perform" rating and a $104.00 target price on the stock. The consensus estimate for Ameren's current full-year earnings is $5.40 per share. Scotiabank also issued estimates for Ameren's FY2027 earnings at $5.70 EPS.

Ameren (NYSE:AEE - Get Free Report) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The company's revenue was down 5.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS.

A number of other brokerages have also commented on AEE. Morgan Stanley decreased their price objective on Ameren from $114.00 to $108.00 and set an "equal weight" rating on the stock in a research report on Friday, September 18th. Mizuho cut their price target on Ameren from $124.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 30th. JPMorgan Chase & Co. boosted their price objective on Ameren from $126.00 to $137.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. BMO Capital Markets reduced their target price on shares of Ameren from $121.00 to $119.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Ameren in a research report on Friday, August 7th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $118.08.

Ameren Stock Performance

AEE stock opened at $99.89 on Monday. 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 50 day moving average price of $105.92 and a 200 day moving average price of $109.00. Ameren has a fifty-two week low of $96.57 and a fifty-two week high of $118.32. The stock has a market capitalization of $27.65 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 2.92 and a beta of 0.44.

Institutional Trading of Ameren

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of Ameren by 31.7% during the third quarter. Versant Capital Management Inc now owns 3,134 shares of the utilities provider's stock worth $311,000 after buying an additional 755 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Ameren by 8.8% during the second quarter. QRG Capital Management Inc. now owns 67,474 shares of the utilities provider's stock worth $7,627,000 after buying an additional 5,467 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Ameren by 16.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,179 shares of the utilities provider's stock valued at $246,000 after purchasing an additional 311 shares during the last quarter. Premier Financial Group acquired a new position in shares of Ameren during the 2nd quarter worth about $39,000. Finally, Sequoia Financial Advisors LLC raised its holdings in Ameren by 10.0% during the second quarter. Sequoia Financial Advisors LLC now owns 16,441 shares of the utilities provider's stock worth $1,858,000 after acquiring an additional 1,493 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Theresa A. Shaw sold 325 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $108.93, for a total transaction of $35,402.25. Following the completion of the sale, the senior vice president owned 32,340 shares of the company's stock, valued at $3,522,796.20. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rafael Flores sold 248 shares of the 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 of the company's stock, valued at approximately $1,465,600.64. This trade represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 7,073 shares of company stock valued at $769,814. 0.29% of the stock is owned by company insiders.

Ameren Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th were given a $0.75 dividend. The ex-dividend date was Tuesday, September 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.0%. Ameren's dividend payout ratio is currently 52.82%.

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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