Live News • Jun 28
Ameren Seeks Missouri Approval for Electric Rate Update to Fund Grid and Generation Upgrades Ameren Missouri has asked the Missouri Public Service Commission to update base electric rates in mid-2027 so it can recover costs tied to storm hardening, grid upgrades and construction of new power generation assets, alongside a new income-eligible rate discount aimed at offsetting the impact for vulnerable customers.
The filing is important because regulated recovery of these investments influences Ameren’s future revenue profile, cash flow visibility and how it shares the cost of reliability improvements between the utility and its customer base.
Ameren’s stock trades at about $118.32, with a return of 17.3% year to date, reflecting how the market has priced in recent developments around the company.
The main investment angle here is regulatory: the Commission’s 11-month review and eventual rate decision will shape how effectively Ameren turns its planned grid and generation spending into allowed returns while managing political and affordability risk. Buy Or Sell Opportunity • Jun 26
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 8.8% to US$118. The fair value is estimated to be US$95.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 8.6%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 9.1% per annum over the same time period. Live News • Jun 12
Ameren Plans US$31.8b Renewable and Grid Investments to Meet Data Center Demand Ameren plans to invest US$31.8b from 2026 to 2030 in infrastructure development, renewable energy projects and grid upgrades aimed at supporting growing electricity demand from data centers.
The company has secured energy service agreements totaling 2.2 gigawatts of new demand, which underpin its long-term plan that extends through 2035.
Management highlights potential risks tied to supply chain constraints and project execution as it rolls out the large capital program.
This level of committed spending, combined with contracted data center demand, suggests a long pipeline of capital projects that may influence Ameren’s regulated asset base and future rate cases.
Investors may want to monitor how the company manages execution risk, cost control and regulatory approvals around these renewable and grid projects, since these factors will help determine outcomes related to the planned US$31.8b investment. Live News • Jun 03
Ameren Gets Price Target Boost From JPMorgan as Data Center Growth Drives Analyst Split JPMorgan upgraded Ameren to Overweight and raised its price target from US$120 to US$126, citing stronger long-term earnings potential tied to data center demand and a more favorable Missouri regulatory backdrop.
The firm pointed to Ameren’s recent wins in high-voltage transmission projects and growing utility data center workloads as key factors supporting its view.
Morgan Stanley trimmed its price target from US$117 to US$110 while keeping an Equal Weight rating, signaling a more cautious stance despite the same underlying sector themes.
The split between JPMorgan’s upgrade and Morgan Stanley’s reduced target highlights how differently analysts are weighing Ameren’s data center exposure, regulatory setting in Missouri and transmission project pipeline.
For you, the key considerations are how much value to place on future data center-related demand, the durability of the “highly constructive” regulatory environment described in Missouri, and the potential execution and regulatory risks that come with a larger transmission and large-load growth opportunity. Upcoming Dividend • Jun 03
Upcoming dividend of US$0.75 per share Eligible shareholders must have bought the stock before 09 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (3.3%). Declared Dividend • May 20
First quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 9th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.7%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 16
Ameren Corporation Declares Quarterly Cash Dividend, Payable on June 30, 2026 The board of directors of Ameren Corporation declared a quarterly cash dividend on its common stock of 75 cents per share. This dividend is payable June 30, 2026, to shareholders of record at the close of business on June 9, 2026. Announcement • May 07
Ameren Corporation Reaffirms Earnings Guidance for the Year 2026 Ameren Corporation reaffirmed earnings Guidance for the year 2026. For the year, the company expects earnings guidance range of $5.25 to $5.45 per diluted share. Reported Earnings • May 06
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: US$1.29 (up from US$1.07 in 1Q 2025). Revenue: US$2.18b (up 7.9% from 1Q 2025). Net income: US$357.0m (up 24% from 1Q 2025). Profit margin: 16% (up from 14% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 9.1%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Buy Or Sell Opportunity • Apr 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to US$114. The fair value is estimated to be US$94.28, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has grown by 6.8%. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Buy Or Sell Opportunity • Apr 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to US$114. The fair value is estimated to be US$94.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has grown by 6.8%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Announcement • Apr 01
Ameren Corporation, Annual General Meeting, May 14, 2026 Ameren Corporation, Annual General Meeting, May 14, 2026. Recent Insider Transactions Derivative • Mar 05
President notifies of intention to sell stock Martin Lyons intends to sell 27k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of March. If the sale is conducted around the recent share price of US$112, it would amount to US$3.0m. For the year to December 2019, Martin's total compensation was 13% salary and 87% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Martin's direct individual holding has increased from 203.03k shares to 237.84k. Company insiders have collectively sold US$4.8m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Mar 03
Upcoming dividend of US$0.75 per share Eligible shareholders must have bought the stock before 10 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (3.2%). Buy Or Sell Opportunity • Feb 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.3% to US$112. The fair value is estimated to be US$93.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has grown by 6.8%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 9.0% per annum over the same time period. Reported Earnings • Feb 12
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$5.38 (up from US$4.43 in FY 2024). Revenue: US$8.80b (up 20% from FY 2024). Net income: US$1.46b (up 23% from FY 2024). Profit margin: 17% (in line with FY 2024). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Announcement • Feb 12
Ameren Corporation Affirms Earnings Guidance for the Year 2026 Ameren Corporation affirmed earnings Guidance for the year 2026. For the year, the company affirmed its 2026 earnings guidance range of $5.25 to $5.45 per diluted share. Ameren expects EPS to grow at a 6% to 8% compound annual rate from 2026 through 2030, using the 2026 guidance range midpoint of $5.35 per share as the base. Ameren's multi-year earnings growth is expected to be driven by $31.8 billion of infrastructure investments underpinning projected rate base growth of approximately 10.6% compounded annually from 2025 through 2030. Declared Dividend • Feb 11
Third quarter dividend increased to US$0.75 Dividend of US$0.75 is 5.6% higher than last year. Ex-date: 10th March 2026 Payment date: 31st March 2026 Dividend yield will be 2.7%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 10
Ameren Corporation Announces Appointment of Timothy S. Rausch to Board of Directors and to the Finance Committee and the Nuclear, Operations and Environmental Sustainability Committee, Effective March 1, 2026 Ameren Corporation announced that Timothy S. Rausch has been elected to the Ameren board of directors, effective March 1, 2026. and expiring at Ameren's Annual Meeting of Shareholders in 2026. Also effective March 1, 2026, the Board appointed Mr. Rausch to the Finance Committee and the Nuclear, Operations and Environmental Sustainability Committee of the Board. Rausch served as executive vice president and chief nuclear officer of Tennessee Valley Authority from October 2018 to July 2025. He previously served as senior vice president and chief nuclear officer of both Talen Energy Corporation from June 2015 to September 2018 and PPL Corporation from June 2009 to June 2015. Earlier in his career, he also held various leadership positions in nuclear generation at Exelon Nuclear Corporation and FirstEnergy Corporation. Rausch earned a Master of Business Administration from Cleveland State University and a Bachelor of Science in nuclear engineering from the University of Cincinnati. Announcement • Feb 07
Ameren Corporation Declares Quarterly Cash Dividend, Payable on March 31, 2026 Ameren Corporation declared a quarterly cash dividend on its common stock of 75 cents per share, a 5.6 percent increase from the prior quarterly cash dividend of 71 cents per share, resulting in an annualized equivalent dividend rate of $3.00 per share. The previous annualized equivalent dividend rate was $2.84 per share. The common share dividend is payable March 31, 2026, to shareholders of record at the close of business on March 10, 2026. Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. Independent Director Leo Mackay was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Dec 16
Ameren Corporation Appoints Jamie Engstrom as Director, Effective January 1, 2026 Ameren Corporation announced that Jamie L. Engstrom has been elected to the Ameren board of directors, effective January 1, 2026. Engstrom has served as the senior vice president and global chief information officer of Caterpillar Inc. since 2020. Engstrom previously served as chief information officer of Caterpillar Financial Services Corporation from 2018 to 2020, following numerous other leadership roles in information technology since joining Caterpillar in 1999. Engstrom earned a Master of Business Administration from Bradley University and a Bachelor of Science in business management and business information systems from Illinois State University. Also effective January 1, 2026, the Board appointed Ms. Engstrom to the Audit and Risk Committee and the Cybersecurity and Digital Technology Committee of the Board. Upcoming Dividend • Dec 02
Upcoming dividend of US$0.71 per share Eligible shareholders must have bought the stock before 09 December 2025. Payment date: 31 December 2025. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (3.3%). Buy Or Sell Opportunity • Nov 07
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.2% to US$105. The fair value is estimated to be US$85.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.4%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period. Reported Earnings • Nov 06
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$2.37 (up from US$1.71 in 3Q 2024). Revenue: US$2.70b (up 30% from 3Q 2024). Net income: US$640.0m (up 40% from 3Q 2024). Profit margin: 24% (up from 22% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Announcement • Nov 04
Ameren Corporation Appoints David M. Feinberg as Executive Vice President, General Counsel and Corporate Secretary Ameren Corporation announced the appointment of David M. Feinberg as executive vice president, general counsel and corporate secretary. Feinberg most recently served as executive vice president, general counsel and corporate secretary of American Electric Power Company Inc. (AEP). He joined AEP in 2011 as senior vice president and general counsel of AEP Service Corporation. Before joining AEP, Feinberg served as vice president, general counsel and corporate secretary at Allegheny Energy Inc., where he also held roles as senior litigation counsel and deputy general counsel. Earlier in his career, he was a partner at the law firm of Jenner & Block in Chicago. Feinberg holds a Juris Doctor degree from Harvard Law School and dual bachelor's degrees from the University of Pennsylvania. Declared Dividend • Oct 15
Second quarter dividend of US$0.71 announced Shareholders will receive a dividend of US$0.71. Ex-date: 9th December 2025 Payment date: 31st December 2025 Dividend yield will be 2.7%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 14
Ameren Corporation Announces Leadership Changes, Effective January 1, 2026 Ameren Corporation announced organizational changes designed to drive consistent and continuously improving operating performance and enhance the breadth and depth of experience of its executive team, strengthening the company for the future. The changes are effective January 1, 2026. Michael Moehn, aged 56, currently senior executive vice president and chief financial officer of Ameren Corporation and chairman and president of Ameren Services, as well as interim chairman and president of Ameren Missouri, will assume the newly created role of group president, Ameren Utilities. In this role, Moehn will oversee each of Ameren's operating utilities, with the presidents of Ameren Missouri, Ameren Illinois, and Ameren Transmission Company of Illinois reporting to him. Lenny Singh, aged 56, currently chairman and president of Ameren Illinois, will assume the role of executive vice president of Ameren Corporation and chairman and president of Ameren Services. Moehn and Singh will continue reporting to Martin J. Lyons Jr., chairman, president and chief executive officer of Ameren Corporation. Patrick Smith Sr., currently senior vice president of operations and technical services, will assume the role of chairman and president of Ameren Illinois and report to Moehn. Shawn Schukar will continue to serve as chairman and president of Ameren Transmission Company of Illinois, which has driven significant value for customers and the company under his leadership. Moehn joined Ameren in 2000 and has held numerous senior leadership roles across the company, with responsibility for areas including nuclear and customer operations, regulatory and legislative affairs, strategy, finance, accounting, risk management and digital. Prior to his current role, he served as chairman and president of Ameren Missouri from 2014 to 2019. Mr. Singh, has served as the Chairman and President of Ameren Illinois since August 2022. Previously, he served in various senior leadership roles at Consolidated Edison Company of New York, including Senior Vice President of Customer Energy Solutions from December 2020 to June 2022 and Vice President of Manhattan Electric Operations from June 2015 to November 2020. Announcement • Oct 11
Ameren Corporation Declares Quarterly Dividend, Payable on December 31, 2025 The board of directors of Ameren Corporation declared a quarterly cash dividend on its common stock of 71 cents per share. This dividend is payable December 31, 2025, to shareholders of record at the close of business on December 9, 2025. Buy Or Sell Opportunity • Sep 29
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.4% to US$104. The fair value is estimated to be US$85.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.1%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 9.7% per annum over the same time period. Upcoming Dividend • Sep 04
Upcoming dividend of US$0.71 per share Eligible shareholders must have bought the stock before 09 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (3.4%). Declared Dividend • Aug 20
Second quarter dividend of US$0.71 announced Shareholders will receive a dividend of US$0.71. Ex-date: 9th September 2025 Payment date: 30th September 2025 Dividend yield will be 2.7%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 16
Ameren Corporation Directors Declare Quarterly Dividend, Payable on September 30, 2025 The board of directors of Ameren Corporation declared a quarterly cash dividend on its common stock of 71 cents per share. This dividend is payable Sept. 30, 2025, to shareholders of record at the close of business on Sept. 9, 2025. Buy Or Sell Opportunity • Aug 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.6% to US$102. The fair value is estimated to be US$85.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.1%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 9.7% per annum over the same time period. New Risk • Aug 07
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.3m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (US$1.3m sold). Reported Earnings • Aug 01
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$1.02 (up from US$0.97 in 2Q 2024). Revenue: US$2.22b (up 37% from 2Q 2024). Net income: US$275.0m (up 6.6% from 2Q 2024). Profit margin: 12% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Announcement • Aug 01
Ameren Corporation Reaffirms Earnings Guidance for 2025 Ameren Corporation reaffirmed earnings guidance for 2025. For the period, the company expects Diluted earnings per share of $4.85 to $5.05. Due to strong year-to-date performance, Ameren is well positioned to deliver 2025 earnings in the top half of its 2025 earnings guidance range. Upcoming Dividend • Jun 03
Upcoming dividend of US$0.71 per share Eligible shareholders must have bought the stock before 10 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.5%). Declared Dividend • May 15
First quarter dividend of US$0.71 announced Shareholders will receive a dividend of US$0.71. Ex-date: 10th June 2025 Payment date: 30th June 2025 Dividend yield will be 2.9%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 10
Ameren Corporation Declare Quarterly Dividend, Payable on June 30, 2025 The board of directors of Ameren Corporation declared a quarterly cash dividend on its common stock of 71 cents per share. This dividend is payable June 30, 2025, to shareholders of record at the close of business on June 10, 2025. Reported Earnings • May 02
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$1.07 (up from US$0.98 in 1Q 2024). Revenue: US$2.10b (up 20% from 1Q 2024). Net income: US$289.0m (up 11% from 1Q 2024). Profit margin: 14% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year. Announcement • May 02
Ameren Corporation Reaffirms Earnings Guidance for the Year 2025 Ameren Corporation reaffirmed earnings guidance for the year 2025. For the year, the company expects earnings per share in the range of $4.85 to $5.05. Announcement • Mar 28
Ameren Corporation Announces Resignation of Kimberly J. Harris as Director On March 24, 2025, Kimberly J. Harris notified the Board of Directors of Ameren Corporation (the "Company") that she was resigning as a director of the Company, effective immediately. Ms. Harris's resignation was for personal reasons to focus on her health and recovery from a recent medical issue and not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Announcement • Mar 26
Ameren Corporation, Annual General Meeting, May 08, 2025 Ameren Corporation, Annual General Meeting, May 08, 2025. Recent Insider Transactions Derivative • Mar 06
President notifies of intention to sell stock Martin Lyons intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of March. If the sale is conducted around the recent share price of US$104, it would amount to US$1.5m. For the year to December 2018, Martin's total compensation was 13% salary and 87% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Martin's direct individual holding has increased from 190.11k shares to 239.99k. Company insiders have collectively sold US$3.8m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Mar 04
Upcoming dividend of US$0.71 per share Eligible shareholders must have bought the stock before 11 March 2025. Payment date: 31 March 2025. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (3.5%). Reported Earnings • Feb 14
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$4.43 (up from US$4.38 in FY 2023). Revenue: US$7.62b (up 4.9% from FY 2023). Net income: US$1.18b (up 2.6% from FY 2023). Profit margin: 16% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Announcement • Feb 14
Ameren Corporation Affirms Earnings Guidance for the Year 2025 Ameren Corporation affirmed earnings Guidance for the year 2025. For the year, the company expects earnings guidance range of $4.85 to $5.05per diluted share. Ameren expects diluted earnings per share to grow at a 6% to 8% compound annual rate from 2025 through 2029, using the 2025 guidance range midpoint of $4.95per share as the base. Declared Dividend • Feb 12
Third quarter dividend increased to US$0.71 Dividend of US$0.71 is 6.0% higher than last year. Ex-date: 11th March 2025 Payment date: 31st March 2025 Dividend yield will be 2.8%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 08
Ameren Corporation Increases Quarterly Cash Dividend, Payable on March 31, 2025 The board of directors of Ameren Corporation declared a quarterly cash dividend on its common stock of 71 cents per share, an approximate 6% increase from the prior quarterly cash dividend of 67 cents per share, resulting in an annualized equivalent dividend rate of $2.84 per share. The previous annualized equivalent dividend rate was $2.68 per share. The common share dividend is payable March 31, 2025, to shareholders of record at the close of business on March 11, 2025. Announcement • Dec 17
Ameren Corporation Appoints Steven O. Vondran to its Board of Directors, Effective January 1, 2025 Ameren Corporation announced that Steven O. Vondran has been elected to the Ameren board of directors, effective January 1, 2025. Vondran is the president and chief executive officer of American Tower Corporation. Vondran has held various leadership positions since joining American Tower in 2000, including serving as executive vice president and global chief operating officer from November 2023 through February 2024, and as executive vice president and president, U.S. Tower Division from August 2018 through October 2023. Vondran earned a Juris Doctor from the University of Arkansas at Little Rock and a Bachelor of Arts in economics and business from Hendrix College. Upcoming Dividend • Dec 04
Upcoming dividend of US$0.67 per share Eligible shareholders must have bought the stock before 11 December 2024. Payment date: 31 December 2024. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (3.3%). Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: US$1.71 (down from US$1.88 in 3Q 2023). Revenue: US$2.17b (up 10% from 3Q 2023). Net income: US$456.0m (down 7.5% from 3Q 2023). Profit margin: 21% (down from 25% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Integrated Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Announcement • Nov 08
Ameren Corporation Revises Earnings Guidance for the Year 2024 Ameren Corporation revised earnings guidance for the year 2024. For the year, the company expects GAAP diluted earnings per share guidance to be in a range of $4.34 to $4.48, compared to the prior GAAP guidance range of $4.52 to $4.72. Announcement • Nov 07
Ameren Corporation Provides Earnings Guidance for the Year 2025 Ameren Corporation provided earnings guidance for the year 2025. For the year, the company expects earnings per share to be in the range of $4.85to $5.05per share, with the midpoint representing a 7.1% increase over the midpoint of 2024 adjusted guidance range. Declared Dividend • Oct 16
Second quarter dividend of US$0.67 announced Shareholders will receive a dividend of US$0.67. Ex-date: 11th December 2024 Payment date: 31st December 2024 Dividend yield will be 3.0%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Sep 04
Upcoming dividend of US$0.67 per share Eligible shareholders must have bought the stock before 11 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (3.5%). Declared Dividend • Aug 14
Second quarter dividend of US$0.67 announced Shareholders will receive a dividend of US$0.67. Ex-date: 11th September 2024 Payment date: 30th September 2024 Dividend yield will be 3.2%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 