Ameren Co. (NYSE:AEE) to Post Q1 2022 Earnings of $0.97 Per Share, KeyCorp Forecasts

Ameren Co. (NYSE:AEEGet Rating) – Equities research analysts at KeyCorp boosted their Q1 2022 EPS estimates for Ameren in a report issued on Tuesday, April 19th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $0.97 per share for the quarter, up from their previous forecast of $0.93. KeyCorp also issued estimates for Ameren’s Q3 2022 earnings at $1.73 EPS, Q4 2022 earnings at $0.50 EPS and FY2022 earnings at $4.07 EPS.

Several other analysts also recently weighed in on the stock. StockNews.com initiated coverage on shares of Ameren in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Wells Fargo & Company boosted their price target on shares of Ameren from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, March 25th. Finally, Morgan Stanley boosted their price target on shares of Ameren from $92.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $92.83.

Shares of NYSE:AEE opened at $96.88 on Thursday. Ameren has a 52-week low of $79.35 and a 52-week high of $99.20. The firm has a fifty day moving average of $90.47 and a 200 day moving average of $87.50. The firm has a market capitalization of $24.97 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 3.30 and a beta of 0.36. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.49 and a current ratio of 0.70.

Ameren (NYSE:AEEGet Rating) last announced its earnings results on Thursday, February 17th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.02). Ameren had a return on equity of 10.31% and a net margin of 15.48%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm posted $0.46 earnings per share.

Several large investors have recently bought and sold shares of AEE. Stonebridge Capital Advisors LLC boosted its holdings in Ameren by 885.7% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 276 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 248 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in Ameren in the fourth quarter worth approximately $26,000. Consolidated Planning Corp purchased a new stake in Ameren in the third quarter worth approximately $33,000. Johnson Financial Group Inc. purchased a new stake in Ameren in the fourth quarter worth approximately $38,000. Finally, FSB Premier Wealth Management Inc. purchased a new stake in Ameren in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 75.47% of the company’s stock.

In other news, SVP Mark C. Lindgren sold 999 shares of the stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of $94.44, for a total transaction of $94,345.56. Following the sale, the senior vice president now owns 42,126 shares in the company, valued at $3,978,379.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Mark C. Lindgren sold 1,175 shares of the stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $85.89, for a total transaction of $100,920.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,299 shares of company stock worth $6,557,116. Corporate insiders own 0.52% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Wednesday, March 9th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Tuesday, March 8th. This is a boost from Ameren’s previous quarterly dividend of $0.55. Ameren’s dividend payout ratio is 61.46%.

About Ameren (Get Rating)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.

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Earnings History and Estimates for Ameren (NYSE:AEE)

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