Ameren (AEE) AI Stock Analysis

• Market Cap: $28.31B
• Dividend Yield: 2.68%
• Average Volume (3M): 1.74M
• Price to Earnings (P/E): 20.1
• Beta (1Y): 0.12
• Revenue Growth: 22.71%
• EPS Growth: 22.86%
• Country: US
• Employees: 8,981
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): 2.17
• Shares Outstanding: 270,494,900
• 10 Day Avg. Volume: 1,641,863
• 30 Day Avg. Volume: 1,742,947
• PEG Ratio: 17.63
• Price to Book (P/B): 1.96
• Price to Sales (P/S): 3.12
• P/FCF Ratio: -14.44
• Enterprise Value/Market Cap: 1.71
• Enterprise Value/Revenue: 5.42
• Enterprise Value/Gross Profit: 13.29
• Enterprise Value/Ebitda: 12.33
• 1Y Price Target: $112.82
• Price Target Upside: 8.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: $113.00 ▲(8.30% Upside)

Ameren's overall stock score reflects strong financial performance and positive earnings call insights, which are slightly offset by technical indicators suggesting short-term bearish momentum. The company's fair valuation and strategic investments support a stable outlook, though cash flow management remains a concern.

Positive Factors

Revenue Growth

Consistent revenue growth indicates Ameren's expanding market presence and effective service delivery, supporting long-term financial stability.

Infrastructure Investments

Significant infrastructure investments enhance Ameren's service reliability and capacity, positioning it well for future demand and regulatory compliance.

Data Center Growth

Expansion in data center agreements reflects strong demand and potential for increased sales, supporting long-term revenue growth and market diversification.

Negative Factors

Negative Free Cash Flow

Persistent negative free cash flow indicates potential liquidity issues, which could constrain Ameren's ability to fund future investments and operations.

Regulatory Approval Needed

Pending regulatory approvals pose risks to Ameren's ability to secure new contracts, potentially delaying revenue growth and strategic initiatives.

Increased Costs

Rising maintenance costs could pressure profit margins and reduce financial flexibility, impacting Ameren's ability to sustain long-term profitability.

Ameren Business Overview & Revenue Model

Company Description

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nuclear, and natural gas, as well as renewable sources, such as hydroelectric, wind, methane gas, and solar. The company serves residential, commercial, and industrial customers. Ameren Corporation was founded in 1881 and is headquartered in St. Louis, Missouri.

How the Company Makes Money

Ameren generates revenue primarily through the sale of electricity and natural gas to residential, commercial, and industrial customers. The company's revenue model is based on regulated utility rates set by state commissions, which allows it to earn a return on its infrastructure investments. Key revenue streams include distribution and transmission services, as well as delivery charges. Additionally, Ameren benefits from various energy efficiency programs and renewable energy investments, which can provide additional funding through incentives and grants. The company also engages in partnerships with local and federal agencies to enhance its clean energy initiatives, contributing to its overall earnings and long-term sustainability.

Ameren Financial Statement Overview

Summary

Ameren demonstrates strong revenue and profit growth, supported by efficient operations and a stable balance sheet. However, challenges in cash flow management, particularly negative free cash flow, pose potential risks. The company should focus on improving cash flow generation to enhance financial stability.

Income Statement

Ameren's income statement shows strong revenue growth with a 6.24% increase in TTM, supported by a healthy net profit margin of 15.75%. The EBIT and EBITDA margins are robust at 25.06% and 43.96%, respectively, indicating efficient operations. However, the gross profit margin has decreased from previous years, suggesting rising costs or pricing pressures.

Balance Sheet

The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.23 in TTM, significantly improved from previous years. Return on equity is solid at 11.42%, indicating effective use of equity capital. However, the equity ratio is not explicitly provided, which could provide further insights into asset financing.

Cash Flow

Cash flow analysis reveals challenges with negative free cash flow growth of -24.34% in TTM, indicating potential liquidity issues. The operating cash flow to net income ratio is healthy at 1.15, suggesting good cash generation relative to net income. However, the negative free cash flow to net income ratio highlights ongoing cash flow management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.96B	7.62B	7.50B	7.96B	6.39B	5.79B
Gross Profit	3.65B	3.65B	3.47B	3.34B	2.99B	2.86B
EBITDA	3.94B	3.54B	3.41B	3.18B	2.81B	2.60B
Net Income	1.41B	1.18B	1.15B	1.07B	990.00M	871.00M
Balance Sheet
Total Assets	47.42B	44.60B	40.83B	37.90B	35.73B	32.03B
Cash, Cash Equivalents and Short-Term Investments	9.00M	7.00M	25.00M	250.00M	16.00M	139.00M
Total Debt	20.10B	18.72B	16.51B	15.10B	13.61B	11.58B
Total Liabilities	34.51B	32.35B	29.35B	27.27B	25.91B	22.95B
Stockholders Equity	12.78B	12.11B	11.35B	10.51B	9.70B	8.94B
Cash Flow
Free Cash Flow	-1.23B	-1.65B	-1.21B	-1.12B	-1.86B	-1.57B
Operating Cash Flow	3.21B	2.76B	2.56B	2.26B	1.66B	1.73B
Investing Cash Flow	-4.46B	-4.46B	-3.80B	-3.37B	-3.53B	-3.33B
Financing Cash Flow	1.36B	1.75B	1.29B	1.17B	1.72B	1.73B

Ameren Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 104.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AEE, the sentiment is Positive. The current price of 104.34 is above the 20-day moving average (MA) of 103.79, above the 50-day MA of 102.28, and above the 200-day MA of 98.17, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 56.27 is Neutral, neither overbought nor oversold. The STOCH value of 73.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AEE.

Ameren Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AEE	72 Outperform	$28.31B	20.13	11.47%	2.68%	22.71%	22.86%
CMS	72 Outperform	$22.29B	21.14	12.34%	2.93%	10.96%	-0.77%
FE	72 Outperform	$26.51B	19.94	10.54%	3.82%	7.64%	48.61%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
ES	65 Neutral	$27.40B	20.07	8.65%	4.10%	13.12%	―
DTE	65 Neutral	$28.40B	20.49	11.64%	3.13%	19.42%	-9.68%
PPL	63 Neutral	$27.06B	24.89	7.65%	2.92%	8.42%	32.48%

Ameren Corporate Events

Ameren Corporation Reports Strong Q3 2025 Earnings

Ameren Corporation is a utility company based in St. Louis, providing electric and natural gas services to customers in Missouri and Illinois through its subsidiaries. The company operates in the energy sector, focusing on electric generation, transmission, and distribution, as well as natural gas distribution.

Ameren Corporation’s Earnings Call Highlights Growth and Challenges

Ameren Corporation’s third quarter 2025 earnings call conveyed a generally positive sentiment, marked by strong financial performance and strategic investments. The company reported significant infrastructure investments and promising growth in data center agreements. However, challenges such as delays in data center load ramping and pending regulatory approvals were also highlighted. Overall, Ameren maintains a balanced outlook with potential for future growth.

Ameren Reports Strong Q3 2025 Financial Results

Ameren Corporation announced its third quarter 2025 financial results, reporting a significant increase in net income and earnings per share compared to the same period in 2024. The improved financial performance was attributed to increased infrastructure investments, new electric service rates, and higher retail sales, partially offset by higher interest and maintenance expenses. The company raised its 2025 earnings guidance and established a guidance range for 2026, reflecting confidence in its strategic initiatives and market conditions.

The most recent analyst rating on (AEE) stock is a Buy with a $112.00 price target. To see the full list of analyst forecasts on Ameren stock, see the AEE Stock Forecast page.

Ameren Announces Leadership Changes for Strategic Growth

On October 14, 2025, Ameren Corporation announced significant leadership changes effective January 1, 2026, aimed at enhancing operational performance and strategic growth. Michael L. Moehn will transition to Group President of Ameren Utilities, overseeing all operating utilities, while Leonard P. Singh will become Executive Vice President and Chief Financial Officer. These changes are part of Ameren’s strategy to improve decision-making and resource allocation, ultimately delivering better service to customers and value to shareholders.

The most recent analyst rating on (AEE) stock is a Hold with a $108.00 price target. To see the full list of analyst forecasts on Ameren stock, see the AEE Stock Forecast page.

Ameren Announces Leadership Change with Birk’s Retirement

On October 2, 2025, Mark C. Birk announced his retirement from his roles as Chairman and President of Union Electric Company, known as Ameren Missouri, and other positions within Ameren Corporation. Following his departure, Michael L. Moehn, the Senior Executive Vice President and Chief Financial Officer, was appointed as the Interim Chairman and President of Ameren Missouri, bringing his previous experience in these roles from 2014 to 2019.

The most recent analyst rating on (AEE) stock is a Hold with a $104.00 price target. To see the full list of analyst forecasts on Ameren stock, see the AEE Stock Forecast page.

Ameren Illinois Sells $350M in Mortgage Bonds

On September 26, 2025, Ameren Illinois sold $350 million of its 5.625% First Mortgage Bonds due 2055, adding to the same amount issued earlier in March 2025. The transaction, which was part of a registered offering, resulted in net proceeds of approximately $358.1 million for Ameren Illinois, before expenses, potentially strengthening its financial position.

The most recent analyst rating on (AEE) stock is a Hold with a $104.00 price target. To see the full list of analyst forecasts on Ameren stock, see the AEE Stock Forecast page.

Ameren Amends Equity Distribution Agreement, Increases Sales

On August 7, 2025, Ameren Corporation amended its Equity Distribution Sales Agreement, originally dated May 12, 2021, by entering into a First Amendment with several financial institutions acting as sales agents and forward sellers. This amendment added an additional agent and forward purchaser, increasing the authorized gross sales price under Ameren’s equity distribution program by $1.25 billion, allowing for up to $1.482 billion in common stock issuance. The company retains the flexibility to suspend offers and enter into forward sale agreements as needed.

The most recent analyst rating on (AEE) stock is a Buy with a $108.00 price target. To see the full list of analyst forecasts on Ameren stock, see the AEE Stock Forecast page.