Ameren Co. (NYSE:AEE) Expected to Earn FY2021 Earnings of $3.88 Per Share

Ameren Co. (NYSE:AEE) – Equities research analysts at KeyCorp lifted their FY2021 earnings estimates for Ameren in a research note issued on Wednesday, November 24th. KeyCorp analyst S. Karp now expects that the utilities provider will earn $3.88 per share for the year, up from their previous estimate of $3.78. KeyCorp also issued estimates for Ameren’s Q4 2021 earnings at $0.52 EPS, FY2022 earnings at $3.95 EPS, FY2023 earnings at $4.26 EPS and FY2025 earnings at $4.68 EPS.

Ameren (NYSE:AEE) last posted its quarterly earnings data on Tuesday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.04. Ameren had a return on equity of 10.41% and a net margin of 15.86%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the firm earned $1.47 earnings per share.

AEE has been the topic of a number of other research reports. BMO Capital Markets upped their price target on Ameren from $88.00 to $91.00 and gave the company an “outperform” rating in a research report on Tuesday, August 24th. They noted that the move was a valuation call. Morgan Stanley dropped their price target on Ameren from $87.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Mizuho dropped their price target on Ameren from $88.00 to $83.00 and set a “neutral” rating on the stock in a research report on Thursday, September 30th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ameren has a consensus rating of “Hold” and a consensus price target of $87.83.

Shares of NYSE AEE opened at $85.76 on Thursday. Ameren has a one year low of $69.79 and a one year high of $90.77. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.94 and a quick ratio of 0.68. The business’s fifty day moving average price is $83.75 and its 200-day moving average price is $84.57. The stock has a market capitalization of $22.05 billion, a PE ratio of 22.45, a P/E/G ratio of 3.00 and a beta of 0.31.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 31st. Investors of record on Wednesday, December 8th will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, December 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.57%. Ameren’s payout ratio is 57.59%.

Several large investors have recently added to or reduced their stakes in AEE. Deutsche Bank AG raised its stake in shares of Ameren by 837.3% during the 2nd quarter. Deutsche Bank AG now owns 4,615,364 shares of the utilities provider’s stock valued at $369,415,000 after purchasing an additional 4,122,978 shares during the period. Arcus Capital Partners LLC raised its stake in shares of Ameren by 45,966.9% during the 3rd quarter. Arcus Capital Partners LLC now owns 2,219,044 shares of the utilities provider’s stock valued at $418,000 after purchasing an additional 2,214,227 shares during the period. Invesco Ltd. raised its stake in shares of Ameren by 86.6% during the 2nd quarter. Invesco Ltd. now owns 2,368,535 shares of the utilities provider’s stock valued at $189,577,000 after purchasing an additional 1,098,968 shares during the period. Vanguard Group Inc. raised its stake in shares of Ameren by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 28,806,084 shares of the utilities provider’s stock valued at $2,305,640,000 after purchasing an additional 687,861 shares during the period. Finally, Maple Brown Abbott Ltd increased its stake in Ameren by 21.1% in the 2nd quarter. Maple Brown Abbott Ltd now owns 2,696,290 shares of the utilities provider’s stock worth $215,811,000 after acquiring an additional 470,050 shares during the last quarter. Institutional investors own 76.57% of the company’s stock.

Ameren Company Profile

Ameren Corp. is a public utility holding company, which engages in the provision of electric and natural gas services. It operates through the following segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, Ameren Transmission, and Other. The Ameren Transmission segment consists of the aggregated electric transmission businesses of Ameren Illinois and Ameren Transmission Company of Illinois (ATXI).

Recommended Story: What is an overbought condition?

Earnings History and Estimates for Ameren (NYSE:AEE)

Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.