AEE

Ameren
D

AEE

Arincen40/100B

If you had invested in Ameren ago, it would be worth $3,171 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

40/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength0

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Ameren key facts

Style
Dividend stock · 6.9/10Growth 4.4 · Value 4.6 · Dividend 6.9
Day range
113.660 – 114.340
52-week range
96.570 – 118.320
Market capitalization
31.55B USD
P/E
19.65
PEG ratio
2.99
EPS
5.80
Div Yield
2.63%
EPS growth forecast (FY2026)
+7.7%
Volume
3,210
Beta
0.43
ESG score
66.9/100Environment 57 · Social 66 · Governance 78
Sector
Utilities
Industry
Regulated Electric
CEO
Martin J. Lyons Jr.
Employees
9K
IPO date
2 Jan 1998

Ameren earnings

Next earnings · Q4 FY2026
EPS estimate
0.71 USD
Revenue estimate
1.97B USD
Last quarter · Q3 FY2026
EPS2.42Beat +5.7%Revenue2.88BBeat +2.1%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q4 FY20260.71——-8.97%1.97B——+10.30%
Q3 FY20262.292.42+5.68%+11.52%2.82B2.88B+2.10%+6.78%
Q2 FY20261.081.13+4.63%+11.88%2.27B2.09B-8.04%-5.81%
Q1 FY20261.181.28+8.47%+19.63%2.24B2.18B-3.03%+3.77%
Q4 FY20250.770.78+1.17%+1.30%1.60B1.78B+11.34%-8.19%
Q3 FY20252.112.17+2.84%+16.04%2.48B2.70B+8.69%+24.21%
Q2 FY20250.991.01+2.33%+4.12%1.78B2.22B+24.69%+31.19%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Ameren analyst forecast

12-month price target
114.10 USD
+0.12%

Analysts' 1-year price targets range from 104.00 to 126.00, with an average of 114.10.

Past year
1-year forecast
Strong sellStrong buy
Buy
14 ratings
Buy
9
Hold
5
Sell
0

12-month price target

Highest target126.00
Average target114.10
Lowest target104.00
Current price113.96

Ameren valuation

Price to earnings ratio (TTM)
19.65
Forward P/E (FY2026)
21.04
Price to sales (TTM)
3.53
Price to book
2.22
EV / EBITDA (TTM)
12.39

Capital structure

Market capitalization
31.55B USD
+
Total debt
22.51B USD
−
Cash and short-term investments
40.00M USD
=
Enterprise value
54.02B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)17.96————
FY2027 (est.)19.6417.96———
FY2026 (est.)21.0419.64———
Now (TTM)19.6519.813.532.2212.39
FY202518.5618.443.072.0211.59
FY202420.1215.643.121.9612.01
FY202316.5215.642.531.6810.42
FY202221.3820.302.892.1911.97
FY202123.0621.843.572.3512.95

Ameren against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: DTE Energy, PG&E, FirstEnergy, PPL, Eversource Energy, and Public Service Enterprise Group, the US Regulated Electric companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median19.6
    16.125.5
  • Gross marginLowest in 5 years29.6%
    29.6%47.9%
    Against its peers: 6 of 7Peers' median 46.9%
  • Operating marginHighest in 5 years23.0%
    19.0%23.0%
    Against its peers: 3 of 7Peers' median 20.8%
  • Net marginHighest in 5 years16.5%
    13.5%16.5%
    Against its peers: 2 of 7Peers' median 11.7%
  • Return on equityHighest in 5 years10.9%
    9.8%10.9%
    Against its peers: 3 of 7Peers' median 9.4%
  • Free cash flow marginHighest in 5 years-9.3%
    -29.1%-9.3%
    Against its peers: 5 of 7Peers' median -6.5%
  • Revenue growthAbove its median15.4%
    -5.7%24.4%
    Against its peers: 3 of 7Peers' median 12.9%
  • EPS growthHighest in 5 years21.0%
    0.9%21.0%
    Against its peers: 3 of 7Peers' median 11.6%
  • Debt to EBITDAAbove its median4.91×
    4.75×5.29×
    Against its peers: 1 of 7Peers' median 5.70×
  • Current ratioBelow its median0.66
    0.650.79
    Against its peers: 5 of 7Peers' median 0.80

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Ameren growth and profitability

Revenue (TTM)
8.93B USD
Net income (TTM)
1.60B USD
Gross margin
39.23%
Operating margin
25.20%
Net margin
17.90%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20258.80B+15.43%1.46B+23.18%29.58%23.03%16.55%4.04B+14.22%
FY20247.62B+1.64%1.18B+2.60%47.92%19.89%15.51%3.54B+3.88%
FY20237.50B-5.74%1.15B+7.26%46.23%20.77%15.36%3.41B+7.14%
FY20227.96B+24.44%1.07B+8.48%42.01%19.04%13.50%3.18B+13.05%
FY20216.39B+10.36%990.00M+13.66%46.78%20.85%15.48%2.81B+7.99%

Ameren revenue breakdown

By product

FY2025
Electricity: 87.1%Natural Gas: 12.9%87.1%Electricity12.9%Natural Gas
SegmentRevenueShare of revenueChange on the year
Electricity7.67B87.1%+17.2%
Natural Gas1.13B12.9%+4.4%

How Ameren makes its money

Electricity7.67B 87.1%
Natural Gas1.13B 12.9%
Revenue8.80B 100.0%
Cost of revenue6.20B 70.4%
Gross profit2.60B 29.6%
Other operating expenses577.00M 6.6%
Operating income2.03B 23.0%
Tax136.00M 1.5%
Other expense434.00M 4.9%
Net income1.46B 16.5%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Ameren dividends

Annual dividend
3.00 USD
Dividend yield (indicated)
2.63%
Payout ratio
63.97%
Years of dividend growth
13
Frequency
Quarterly
Next payment
0.75 USD
Next ex-dividend date
8 Dec 2026
Next payment date
31 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.842.682.522.362.202.001.921.851.781.72

Ameren financial health

Cash and short-term investments
40.00M USD
Total debt
22.51B USD
Net cash
-22.47B USD
Free cash flow (TTM)
-1.98B USD
Current ratio
0.74
Debt to equity
1.58
Piotroski score
4 / 9
Altman Z-score
0.96

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202513.00M19.83B-821.00M
FY20247.00M18.72B-1.65B
FY202325.00M16.51B-1.21B
FY2022250.00M15.10B-1.12B
FY202116.00M13.61B-1.86B

Ameren ownership

Institutions
89.29%
Institutional holders
965 (+24)
Free float
99.63%

Who owns the shares

Institutions 89.3% Others 10.7%
As of 30 Jun 2026

Shares free to trade

Free float 275.81M shares ·99.6% Closely held 1.03M shares ·0.4%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026010.006.50K
Q3 2026053.52K8.04K
Q2 2026030.008.33K
Q1 202609178.92K109.67K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025270.50M272.20M+1.80%
FY2024266.80M267.40M+1.52%
FY2023262.80M263.40M+1.50%
FY2022258.40M259.50M+0.74%
FY2021256.30M257.60M+3.58%

Source: Financial Modeling Prep

Related Instruments

Title: Ameren Corp

Sector: Utilities
Industry: Regulated Electric
Ameren owns rate-regulated generation, transmission, and distribution networks that deliver electricity and natural gas through the company's two main subsidiaries, Ameren Missouri and Ameren Illinois. It serves 2.5 million electricity customers and 900,000 natural gas customers across its two service territories.

Common questions about Ameren stock