Ameren (NYSE:AEE) Releases FY 2024 Earnings Guidance

Ameren (NYSE:AEE - Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 4.520-4.720 for the period, compared to the consensus earnings per share estimate of 4.610. The company issued revenue guidance of -.

Ameren Price Performance

Shares of AEE traded down $1.17 during trading hours on Friday, reaching $74.09. 2,662,215 shares of the company's stock traded hands, compared to its average volume of 1,730,857. The firm's 50 day simple moving average is $72.70 and its 200-day simple moving average is $73.46. Ameren has a 12 month low of $67.03 and a 12 month high of $90.72. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.32. The stock has a market cap of $19.74 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 2.50 and a beta of 0.44.

Ameren (NYSE:AEE - Get Free Report) last issued its earnings results on Friday, May 3rd. The utilities provider reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.08). Ameren had a net margin of 15.36% and a return on equity of 10.42%. The company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $2.19 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The company's revenue was down 11.9% compared to the same quarter last year. Equities analysts expect that Ameren will post 4.59 EPS for the current year.

Ameren Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Wednesday, March 13th were issued a $0.67 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This is a positive change from Ameren's previous quarterly dividend of $0.63. This represents a $2.68 annualized dividend and a yield of 3.62%. Ameren's dividend payout ratio is 61.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. BMO Capital Markets lifted their price target on Ameren from $75.00 to $76.00 and gave the company an outperform rating in a research report on Monday, February 26th. Bank of America increased their price target on shares of Ameren from $77.00 to $78.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. StockNews.com cut shares of Ameren from a hold rating to a sell rating in a report on Friday, April 12th. The Goldman Sachs Group started coverage on shares of Ameren in a report on Wednesday, April 10th. They set a sell rating and a $73.00 target price for the company. Finally, Barclays cut their price target on Ameren from $74.00 to $73.00 and set an equal weight rating on the stock in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $79.40.

Insider Activity at Ameren

In other Ameren news, EVP Mark C. Lindgren sold 1,630 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $70.70, for a total transaction of $115,241.00. Following the transaction, the executive vice president now directly owns 47,883 shares in the company, valued at approximately $3,385,328.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ameren news, CEO Martin J. Lyons sold 7,270 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $70.70, for a total transaction of $513,989.00. Following the completion of the transaction, the chief executive officer now directly owns 246,434 shares in the company, valued at $17,422,883.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark C. Lindgren sold 1,630 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $70.70, for a total transaction of $115,241.00. Following the completion of the transaction, the executive vice president now directly owns 47,883 shares in the company, valued at $3,385,328.10. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.

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.