FY2024 Earnings Forecast for Ameren Issued By Zacks Research

Ameren Co. (NYSE:AEE - Free Report) - Analysts at Zacks Research boosted their FY2024 earnings estimates for Ameren in a research note issued on Friday, January 17th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $4.61 per share for the year, up from their previous forecast of $4.60. The consensus estimate for Ameren's current full-year earnings is $4.63 per share. Zacks Research also issued estimates for Ameren's Q4 2024 earnings at $0.76 EPS, Q1 2025 earnings at $1.11 EPS, Q1 2026 earnings at $1.34 EPS, Q2 2026 earnings at $1.04 EPS, Q4 2026 earnings at $1.23 EPS and FY2026 earnings at $5.30 EPS.

A number of other research analysts have also recently commented on the company. Barclays increased their target price on Ameren from $77.00 to $88.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. BMO Capital Markets increased their price objective on Ameren from $93.00 to $98.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Finally, Morgan Stanley boosted their target price on Ameren from $86.00 to $94.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ameren presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.89.

Ameren Price Performance

Shares of Ameren stock traded up $0.45 on Monday, hitting $94.31. 1,351,246 shares of the company traded hands, compared to its average volume of 1,202,618. Ameren has a 12-month low of $67.03 and a 12-month high of $95.69. The company has a current ratio of 0.63, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37. The company has a market cap of $25.17 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.71 and a beta of 0.48. The firm's 50-day simple moving average is $90.91 and its 200 day simple moving average is $85.57.

Hedge Funds Weigh In On Ameren

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jamison Private Wealth Management Inc. purchased a new position in Ameren during the 3rd quarter valued at $44,000. ST Germain D J Co. Inc. boosted its stake in shares of Ameren by 134.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 544 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 312 shares in the last quarter. Cedar Mountain Advisors LLC bought a new position in Ameren in the third quarter worth about $49,000. Brooklyn Investment Group purchased a new stake in Ameren in the third quarter worth about $56,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Ameren in the second quarter worth about $58,000. Institutional investors own 79.09% of the company's stock.

Insiders Place Their Bets

In other Ameren news, CFO Michael L. Moehn sold 6,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $92.15, for a total value of $598,975.00. Following the completion of the sale, the chief financial officer now owns 205,171 shares in the company, valued at approximately $18,906,507.65. This trade represents a 3.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.36% of the company's stock.

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.