Buy Or Sell Opportunity • Jul 02
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.3% to US$114. The fair value is estimated to be US$95.10, 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 7.3% per annum. Earnings are also forecast to grow by 9.1% per annum over the same time period. Declared Dividend • May 25
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 2.6%, which is lower than the industry average of 4.5%. 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 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • 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. Duyuru • 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 released: EPS: US$1.29 (vs US$1.07 in 1Q 2025) 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 is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Integrated Utilities industry in Europe. 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 9.4% to US$113. The fair value is estimated to be US$93.48, 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 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to US$115. The fair value is estimated to be US$94.98, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 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. Duyuru • Apr 01
Ameren Corporation, Annual General Meeting, May 14, 2026 Ameren Corporation, Annual General Meeting, May 14, 2026. 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 British dividend payers (5.2%). Lower than average of industry peers (3.7%). Buy Or Sell Opportunity • Feb 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.7% to US$112. The fair value is estimated to be US$93.37, 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 5.4% per annum. Earnings are also forecast to grow by 9.0% per annum over the same time period. Declared Dividend • Feb 15
Fourth 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 2.6%, which is lower than the industry average of 4.5%. 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. Reported Earnings • Feb 12
Full year 2025 earnings released: EPS: US$5.38 (vs US$4.43 in FY 2024) 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 is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Integrated Utilities industry in Europe. 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • 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 British dividend payers (5.6%). Lower than average of industry peers (4.7%). Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: US$2.37 (vs US$1.71 in 3Q 2024) 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 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 Europe. 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 7% per year. Duyuru • 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 20
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 4.5%. 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. Duyuru • 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. Duyuru • 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 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to US$104. The fair value is estimated to be US$86.61, 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. Declared Dividend • Aug 25
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 2.8%, which is lower than the industry average of 4.5%. 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. Duyuru • 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 5.7% to US$102. The fair value is estimated to be US$84.66, 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). Duyuru • 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 British dividend payers (5.6%). Lower than average of industry peers (4.9%). Declared Dividend • May 18
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 2.8%, which is lower than the industry average of 4.5%. 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. Duyuru • 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 released: EPS: US$1.07 (vs US$0.98 in 1Q 2024) 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 is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Integrated Utilities industry in Europe. 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 1% per year. Duyuru • 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. Duyuru • 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. Duyuru • Mar 26
Ameren Corporation, Annual General Meeting, May 08, 2025 Ameren Corporation, Annual General Meeting, May 08, 2025. 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 British dividend payers (5.8%). Lower than average of industry peers (5.7%). Declared Dividend • Feb 17
Fourth 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 4.5%. 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 5.3% 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 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • 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. Reported Earnings • Feb 14
Full year 2024 earnings released: EPS: US$4.43 (vs US$4.38 in FY 2023) 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 is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Integrated Utilities industry in Europe. 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. Duyuru • 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. Duyuru • 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 British dividend payers (5.7%). Lower than average of industry peers (5.9%). Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$1.71 (vs US$1.88 in 3Q 2023) 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 is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Integrated Utilities industry in Europe. 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. Duyuru • 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. Duyuru • 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 20
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 4.5%. 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 British dividend payers (5.5%). Lower than average of industry peers (5.7%). Declared Dividend • Aug 19
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 4.5%. 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. Duyuru • Aug 10
Ameren Corporation Declares Quarterly Cash Dividend, Payable on September 30, 2024 The board of directors of Ameren Corporation declared a quarterly cash dividend on its common stock of 67 cents per share. This dividend is payable on September 30, 2024, to shareholders of record at the close of business on September 11, 2024. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.97 (vs US$0.90 in 2Q 2023) Second quarter 2024 results: EPS: US$0.97 (up from US$0.90 in 2Q 2023). Revenue: US$1.69b (flat on 2Q 2023). Net income: US$258.0m (up 8.9% from 2Q 2023). Profit margin: 15% (up from 14% in 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 05
Upcoming dividend of US$0.67 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (5.8%). New Risk • May 23
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$1.2m 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 Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (US$1.2m sold). Declared Dividend • May 20
First quarter dividend of US$0.67 announced Shareholders will receive a dividend of US$0.67. Ex-date: 12th June 2024 Payment date: 28th June 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.5%. 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. Duyuru • May 11
Ameren Corporation Directors Declare Quarterly Dividend, Payable on June 28, 2024 The board of directors of Ameren Corporation declared a quarterly cash dividend on its common stock of 67 cents per share. This dividend is payable June 28, 2024, to shareholders of record at the close of business on June 12, 2024. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.98 (vs US$1.01 in 1Q 2023) First quarter 2024 results: EPS: US$0.98 (down from US$1.01 in 1Q 2023). Revenue: US$1.82b (down 8.8% from 1Q 2023). Net income: US$261.0m (down 1.1% from 1Q 2023). Profit margin: 14% (up from 13% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • May 03
Ameren Corporation Re-Affirms Earnings Guidance for 2024 Ameren Corporation re-affirmed earnings guidance for 2024. For the year, the company expects earnings to be in the range of $4.52 to $4.72 per diluted share. Upcoming Dividend • Mar 05
Upcoming dividend of US$0.67 per share Eligible shareholders must have bought the stock before 12 March 2024. Payment date: 29 March 2024. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (5.8%). Duyuru • Feb 28
Ameren Corporation, Annual General Meeting, May 09, 2024 Ameren Corporation, Annual General Meeting, May 09, 2024. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$4.38 (vs US$4.16 in FY 2022) Full year 2023 results: EPS: US$4.38 (up from US$4.16 in FY 2022). Revenue: US$7.50b (down 2.1% from FY 2022). Net income: US$1.15b (up 7.3% from FY 2022). Profit margin: 15% (up from 14% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Feb 23
Ameren Corporation Provides Earning Guidance for 2024 Ameren Corporation provided earning guidance for 2024. Ameren expects 2024 diluted earnings per share to be in a range of $4.52 to $4.72. Ameren expects diluted earnings per share to grow at a 6% to 8% compound annual rate from 2024 through 2028, using the 2024 guidance range midpoint of $4.62 per share as the base. Ameren's multi-year earnings growth is expected to be driven by projected rate base growth of approximately 8.2% compounded annually from 2023 through 2028. Declared Dividend • Feb 18
Third quarter dividend increased to US$0.67 Dividend of US$0.67 is 6.3% higher than last year. Ex-date: 12th March 2024 Payment date: 29th March 2024 Dividend yield will be 3.7%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (56% 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 4.6% 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 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Feb 10
Ameren Corporation Declares Quarterly Dividend, Payable on March 29, 2024 Ameren Corporation declared a quarterly cash dividend on its common stock of 67 cents per share, a 6.3% increase from the prior quarterly cash dividend of 63 cents per share, resulting in an annualized equivalent dividend rate of $2.68 per share. The previous annualized equivalent dividend rate was $2.52 per share. The common share dividend is payable March 29, 2024, to shareholders of record at the close of business on March 13, 2024. Duyuru • Dec 18
Ameren Corporation Appoints Kimberly J. Harris to Board of Directors, Effective Jan. 1, 2024 The board of directors of Ameren Corporation announced that Kimberly J. Harris has been elected to the Ameren board of directors, effective Jan. 1, 2024. Harris brings extensive senior leadership experience to the Ameren board of directors. She is the former chief executive officer and president of Puget Sound Energy (PSE), Washington State's utility serving more than 1.5 million customers across 10 counties. During her 9-year tenure as CEO at PSE, she fostered a strong company culture focused on safety and increasing value for customers and investors. Before being named CEO of PSE, Harris served as executive vice president and chief resource officer. In this role, she guided the expansion of the company's energy efficiency program and led operations of the company's wind power facilities, which, at the time, was the nation's second-largest utility owned and operated wind farm. Harris earned a Juris Doctor from Arizona State University and Bachelor of Arts in political science from San Diego State University. Upcoming Dividend • Dec 05
Upcoming dividend of US$0.63 per share at 3.2% yield Eligible shareholders must have bought the stock before 12 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (5.5%). Duyuru • Nov 15
Ameren Corporation has filed a Follow-on Equity Offering in the amount of $907.7 million. Ameren Corporation has filed a Follow-on Equity Offering in the amount of $907.7 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Duyuru • Nov 10
Ameren Corporation Provides Earnings Guidance for 2023 Ameren Corporation provided earnings guidance for 2023 . For the year, company narrowed its earnings guidance range to $4.30 to $4.45 per diluted share compared to the prior range of $4.25 to $4.45 per diluted share. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: US$1.88 (vs US$1.75 in 3Q 2022) Third quarter 2023 results: EPS: US$1.88 (up from US$1.75 in 3Q 2022). Revenue: US$2.06b (down 7.3% from 3Q 2022). Net income: US$493.0m (up 9.1% from 3Q 2022). Profit margin: 24% (up from 20% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Integrated Utilities industry in Europe. Upcoming Dividend • Sep 05
Upcoming dividend of US$0.63 per share at 3.2% yield Eligible shareholders must have bought the stock before 12 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (5.7%). Duyuru • Aug 15
Ameren Corporation Announces Board Changes, Effective November 2, 2023 Ameren Corporation announced that Warner Baxter, executive chairman of the board of directors, will retire from Ameren and its board of directors, effective November 2, 2023, after a 28-year career with the company. Marty Lyons, president and chief executive officer, has been elected by the board of directors to the additional role of chairman of the board, also effective November 2, 2023. Baxter joined Ameren in 1995. During his career he served in numerous senior leadership roles, including chief financial officer of Ameren, president of Ameren Missouri, and was named chairman, president, and chief executive officer of Ameren in 2014. Baxter has also played an active leadership role in the industry. He is past chair of the Edison Electric Institute, where he played a key leadership role in advocating for transformational energy policies to support a responsible clean energy transition that will deliver significant benefits to customers and the country. Baxter is the current chair of the Edison Foundation. He is also past chair of the Electric Power Research Institute. Baxter has played an active role in the community as well. In 2020, he served as co-chair of the United Way of St. Louis campaign. In addition, Baxter was the founding chair of the American Cancer Society's (ACS) CEOs Against Cancer of Missouri and currently serves as the vice chair of ACS' Coaches vs. Cancer Council. Baxter is also a member of the University of Missouri St. Louis Chancellor's Council and University of Missouri 100 Board of Directors. Further, he was past chair of Civic Progress of St. Louis where he helped lead the integration of several civic organizations to form Greater St. Louis Inc., which is focused on inclusive economic development throughout the region. He is a member of the board of directors of Greater St. Louis Inc., BJC Healthcare and U.S. Bancorp. Lyons has served as president and chief executive officer of Ameren since January 1, 2022. Lyons joined Ameren in 2001. He has served in several senior leadership roles including chief financial officer, president of Ameren Services and president of Ameren Missouri prior to his current role. Under Baxter's leadership, Ameren has successfully executed a strategy focused on robust energy infrastructure investments supported by constructive energy policies driving strong value for Ameren's customers, communities, and shareholders. Consistent with Ameren's vision of Leading the Way to a Sustainable Energy Future, Ameren has established a goal and is executing a plan to achieve net-zero carbon emissions by 2045 in a responsible fashion. In addition, during his tenure as executive chair and CEO, Ameren has been recognized as one of the top utilities in the nation for diversity and inclusion by Fair360 (formerly DiversityInc), including recently being named to its Hall of Fame. Under Baxter's leadership, Ameren has delivered total shareholder returns that are among the best in the industry since 2013. After he leaves Ameren, Baxter plans to remain engaged in the industry, including through his work on the Edison Foundation. He will also remain actively engaged in the work of the American Cancer Society and several other community and philanthropic activities. Duyuru • Aug 12
Ameren Corporation Declares Quarterly Dividend, Payable on Sept. 29, 2023 The board of directors of Ameren Corporation declared a quarterly cash dividend on its common stock of 63 cents per share. This dividend is payable Sept. 29, 2023, to shareholders of record at the close of business on Sept. 13, 2023. Duyuru • Aug 04
Ameren Corporation Reaffirms Earnings Guidance for the Year 2023 Ameren Corporation reaffirmed earnings guidance for the year 2023. Ameren reaffirmed its 2023 earnings guidance range of $4.25 to $4.45 per diluted share. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0.90 (vs US$0.80 in 2Q 2022) Second quarter 2023 results: EPS: US$0.90 (up from US$0.80 in 2Q 2022). Revenue: US$1.76b (up 6.1% from 2Q 2022). Net income: US$237.0m (up 14% from 2Q 2022). Profit margin: 14% (up from 13% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Integrated Utilities industry in Europe. Recent Insider Transactions • Jun 19
Insider recently sold US$3.0m worth of stock On the 13th of June, Fadi Diya sold around 37k shares on-market at roughly US$82.37 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$14m more than they bought in the last 12 months. Upcoming Dividend • Jun 06
Upcoming dividend of US$0.63 per share at 3.1% yield Eligible shareholders must have bought the stock before 13 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (5.7%). Duyuru • May 13
Ameren Corporation Declare Quarterly Dividend, Payable June 30, 2023 The board of directors of Ameren Corporation declared a quarterly cash dividend on its common stock of 63 cents per share. This dividend is payable June 30, 2023, to shareholders of record at the close of business on June 14, 2023. Duyuru • May 06
Ameren Corporation Affirms Earnings Guidance for the Year 2023 Ameren Corporation affirmed earnings guidance for the year 2023. For the year, the company expects earnings guidance range of $4.25 to $4.45 per diluted share. Earnings guidance for 2023 assumes normal temperatures for the last nine months of the year and is subject to the effects of, among other things: 30-year U.S. Treasury bond yields; regulatory, judicial and legislative actions; energy center and energy distribution operations; energy, economic and capital market conditions; severe storms; unusual or otherwise unexpected gains or losses; and other risks and uncertainties. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$1.01 (vs US$0.98 in 1Q 2022) First quarter 2023 results: EPS: US$1.01 (up from US$0.98 in 1Q 2022). Revenue: US$2.06b (up 15% from 1Q 2022). Net income: US$264.0m (up 4.8% from 1Q 2022). Profit margin: 13% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Recent Insider Transactions • Mar 12
Executive VP recently sold US$305k worth of stock On the 9th of March, Chonda Nwamu sold around 4k shares on-market at roughly US$83.40 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$4.5m. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months. Upcoming Dividend • Mar 08
Upcoming dividend of US$0.63 per share at 3.1% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (5.8%). Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$4.16 (vs US$3.86 in FY 2021) Full year 2022 results: EPS: US$4.16 (up from US$3.86 in FY 2021). Revenue: US$7.96b (up 30% from FY 2021). Net income: US$1.07b (up 8.5% from FY 2021). Profit margin: 14% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.2% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Feb 11
Ameren Corporation Declares Quarterly Cash Dividend, Payable on March 31, 2023 The board of directors of Ameren Corporation declared a quarterly cash dividend on its common stock of 63 cents per share, a 7% increase from the prior quarterly cash dividend of 59 cents per share, resulting in an annualized equivalent dividend rate of $2.52 per share. The previous annualized equivalent dividend rate was $2.36 per share. The common share dividend is payable March 31, 2023, to shareholders of record at the close of business on March 15, 2023. Recent Insider Transactions • Dec 19
Executive Chairman recently sold US$4.5m worth of stock On the 14th of December, Warner Baxter sold around 50k shares on-market at roughly US$90.32 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Warner has been a net seller over the last 12 months, reducing personal holdings by US$11m. Upcoming Dividend • Nov 29
Upcoming dividend of US$0.59 per share Eligible shareholders must have bought the stock before 06 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (5.0%). Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$1.75 (vs US$1.65 in 3Q 2021) Third quarter 2022 results: EPS: US$1.75 (up from US$1.65 in 3Q 2021). Revenue: US$2.31b (up 33% from 3Q 2021). Net income: US$452.0m (up 6.4% from 3Q 2021). Profit margin: 20% (down from 25% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 03
Insider recently sold US$666k worth of stock On the 30th of August, Fadi Diya sold around 7k shares on-market at roughly US$95.21 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$5.0m. Insiders have been net sellers, collectively disposing of US$14m more than they bought in the last 12 months. Upcoming Dividend • Aug 30
Upcoming dividend of US$0.59 per share Eligible shareholders must have bought the stock before 06 September 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (5.0%). Recent Insider Transactions • Aug 21
Insider recently sold US$154k worth of stock On the 17th of August, Rafael Flores sold around 2k shares on-market at roughly US$96.07 per share. In the last 3 months, there was an even bigger sale from another insider worth US$5.0m. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months. Recent Insider Transactions • Aug 13
Executive Chairman recently sold US$5.0m worth of stock On the 9th of August, Warner Baxter sold around 54k shares on-market at roughly US$93.19 per share. This was the largest sale by an insider in the last 3 months. Warner has been a seller over the last 12 months, reducing personal holdings by US$12m. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.80 (vs US$0.81 in 2Q 2021) Second quarter 2022 results: EPS: US$0.80 (down from US$0.81 in 2Q 2021). Revenue: US$1.73b (up 22% from 2Q 2021). Net income: US$207.0m (flat on 2Q 2021). Profit margin: 12% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.2%, compared to a 3.2% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Recent Insider Transactions • Jun 08
President & Chairman of Ameren Missouri recently sold US$376k worth of stock On the 2nd of June, Mark Birk sold around 4k shares on-market at roughly US$93.90 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$8.9m more than they bought in the last 12 months. Upcoming Dividend • May 31
Upcoming dividend of US$0.59 per share Eligible shareholders must have bought the stock before 07 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (4.9%). Lower than average of industry peers (4.7%). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.98 (vs US$0.92 in 1Q 2021) First quarter 2022 results: EPS: US$0.98 (up from US$0.92 in 1Q 2021). Revenue: US$1.88b (up 26% from 1Q 2021). Net income: US$252.0m (up 8.2% from 1Q 2021). Profit margin: 13% (down from 16% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.5%, compared to a 1.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Recent Insider Transactions • Mar 15
Senior VP recently sold US$147k worth of stock On the 10th of March, Chonda Nwamu sold around 2k shares on-market at roughly US$87.41 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$6.9m more than they bought in the last 12 months. 
