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Ameren: A Few Improvements, But Still Looks Expensive
Seeking Alpha· 2024-09-12 15:59
Justin Paget/DigitalVision via Getty Images Ameren Corporation (NYSE:AEE) is a large electric and natural gas utility that operates in the U.S. states of Illinois and Missouri: Ameren Corporation As we can see from the map above, the company’s service territory includes the St. Louis, Missouri metropolitan area as well as most of the state of Illinois. However, Chicago, Illinois is notably excluded from this service territory and is not served by this company. This service area is a mixture of urban, ...
Are Utilities Stocks Lagging Ameren (AEE) This Year?
ZACKS· 2024-08-15 14:47
For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Ameren (AEE) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.Ameren is one of 105 individual stocks in the Utilities sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector gro ...
Ameren (AEE)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2024-08-07 14:56
From a technical perspective, Ameren Corporation (AEE) is looking like an interesting pick, as it just reached a key level of support. AEE's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common mo ...
5 Utility Stocks to Buy for a Stable Portfolio Amid Volatility
ZACKS· 2024-08-07 13:05
U.S. stock markets suffered a bloody blow in early August after a 19-month bull run. The Wall Street rout started primarily due to two factors. First, a few key economic data for July, especially labor market data, came in significantly lower than expected. This raised concerns about a near-term recession in the U.S. economy.The second reason was the unwinding of “Yen carry-trade” after the Bank of Japan unexpectedly hiked the benchmark interest rate last week. Large institutional investors, especially hedg ...
Ameren(AEE) - 2024 Q2 - Quarterly Report
2024-08-05 21:10
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended June 30, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Exact name of registrant as specified in its charter; | --- | --- | --- | |-------------|------------------------------|--------------------| | Commi ...
Ameren (AEE) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-03 00:30
Ameren (AEE) reported $1.69 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.8%. EPS of $0.97 for the same period compares to $0.90 a year ago.The reported revenue represents a surprise of -9.93% over the Zacks Consensus Estimate of $1.88 billion. With the consensus EPS estimate being $0.93, the EPS surprise was +4.30%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next ...
Ameren(AEE) - 2024 Q2 - Earnings Call Transcript
2024-08-02 17:18
Ameren Corporation (NYSE:AEE) Q2 2024 Results Conference Call August 2, 2024 10:00 AM ET Company Participants Andrew Kirk - Director-Investor Relations and Corporate Modeling Marty Lyons - Chairman, President and Chief Executive Officer Michael Moehn - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Nick Campanella - Barclays Jeremy Tonet - JPMorgan Carly Davenport - Goldman Sachs Paul Patterson - Glenrock Associates Anthony Crowde ...
Ameren (AEE) Q2 Earnings Beat Estimates, Revenues Down Y/Y
ZACKS· 2024-08-02 14:26
Ameren Corporation (AEE) reported second-quarter 2024 earnings of 97 cents per share, which beat the Zacks Consensus Estimate of 93 cents by 4.3%. The reported figure also improved 7.8% year over year. The year-over-year improvement in the bottom line was driven by earnings generated from increased infrastructure investments, higher Ameren Missouri electric retail sales as well as new Ameren Missouri electric service rates. Revenues Total revenues came in at $1.69 billion in the reported quarter, down 3.8% ...
Ameren (AEE) Q2 Earnings Surpass Estimates
ZACKS· 2024-08-01 22:47
Ameren (AEE) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.30%. A quarter ago, it was expected that this utility would post earnings of $1.09 per share when it actually produced earnings of $0.98, delivering a surprise of -10.09%.Over the last four quarters, the company has surpas ...
Ameren(AEE) - 2024 Q2 - Quarterly Results
2024-08-01 20:36
Exhibit 99.1 NEWS RELEASE 1901 Chouteau Avenue: St. Louis, MO 63103: Ameren.com Contacts: | --- | --- | |---------------------|------------------| | Media | Analysts | | Anthony Paraino | Andrew Kirk | | 314.554.2182 | 314.554.3942 | | aparaino@ameren.com | akirk@ameren.com | For Immediate Release Ameren Announces Second Quarter 2024 Results • Second quarter Diluted Earnings Per Share were $0.97 in 2024 vs. $0.90 in 2023 • Guidance Range for 2024 Reaffirmed at $4.52 to $4.72 per Diluted Share ST. LOUIS (Aug ...