Brokerages expect Ameren Corporation (NYSE:AEE) to report earnings per share of $0.33 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Ameren’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.35. Ameren reported earnings per share of $0.13 during the same quarter last year, which indicates a positive year-over-year growth rate of 153.8%. The company is expected to issue its next earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Ameren will report full year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.86. For the next financial year, analysts forecast that the business will post earnings of $3.02 per share, with EPS estimates ranging from $3.00 to $3.05. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Ameren.

Ameren (NYSE:AEE) last released its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.07). Ameren had a net margin of 10.03% and a return on equity of 8.61%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year.

A number of research analysts recently issued reports on AEE shares. Morgan Stanley boosted their price objective on Ameren from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. BidaskClub raised Ameren from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded Ameren from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. KeyCorp reaffirmed a “hold” rating on shares of Ameren in a research note on Friday, October 20th. Finally, Bank of America started coverage on Ameren in a research note on Tuesday, October 24th. They set a “neutral” rating and a $62.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $56.00.

In other Ameren news, SVP Gregory L. Nelson sold 12,000 shares of Ameren stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $62.68, for a total transaction of $752,160.00. Following the sale, the senior vice president now owns 36,785 shares of the company’s stock, valued at approximately $2,305,683.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Ameren by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 25,785,464 shares of the utilities provider’s stock worth $1,409,691,000 after buying an additional 248,010 shares in the last quarter. BlackRock Inc. raised its stake in shares of Ameren by 2.2% in the 2nd quarter. BlackRock Inc. now owns 16,134,996 shares of the utilities provider’s stock worth $882,101,000 after buying an additional 344,141 shares in the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Ameren by 1.3% in the 2nd quarter. Epoch Investment Partners Inc. now owns 5,209,589 shares of the utilities provider’s stock worth $284,808,000 after buying an additional 67,494 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Ameren by 12.9% in the 3rd quarter. Wells Fargo & Company MN now owns 4,478,768 shares of the utilities provider’s stock worth $259,053,000 after buying an additional 511,854 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in shares of Ameren by 463.6% in the 3rd quarter. APG Asset Management N.V. now owns 3,462,798 shares of the utilities provider’s stock worth $200,288,000 after buying an additional 2,848,400 shares in the last quarter. 70.35% of the stock is currently owned by institutional investors.

Ameren (AEE) opened at $63.75 on Friday. Ameren has a 12-month low of $48.41 and a 12-month high of $64.89. The stock has a market capitalization of $15,518.92, a P/E ratio of 24.79, a P/E/G ratio of 3.41 and a beta of 0.36. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.40 and a current ratio of 0.61.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.4575 per share. The ex-dividend date is Tuesday, December 12th. This represents a $1.83 annualized dividend and a yield of 2.87%. This is an increase from Ameren’s previous quarterly dividend of $0.44. Ameren’s payout ratio is presently 69.84%.

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Ameren Company Profile

Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.

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