Ameren Corporation (NYSE:AEE) Plans $0.75 Quarterly Dividend

Ameren Corporation (NYSE:AEE) declared a quarterly dividend on Friday, May 15th. Shareholders of record on Tuesday, June 9th will be paid a dividend of 0.75 per share by the utilities provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, June 9th.

Ameren has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Ameren has a dividend payout ratio of 56.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ameren to earn $5.77 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 52.0%.

Ameren Stock Performance

Shares of AEE stock opened at $109.28 on Friday. The company has a market capitalization of $30.24 billion, a P/E ratio of 19.65, a P/E/G ratio of 2.20 and a beta of 0.47. The business’s 50 day moving average is $110.22 and its two-hundred day moving average is $106.64. The company has a current ratio of 0.62, a quick ratio of 0.44 and a debt-to-equity ratio of 1.39. Ameren has a 12-month low of $93.50 and a 12-month high of $115.58.

Ameren (NYSE:AEE) last issued its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. Ameren had a return on equity of 10.94% and a net margin of 17.17%.Ameren’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.07 earnings per share. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. Analysts expect that Ameren will post 5.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on AEE. UBS Group increased their price target on Ameren from $125.00 to $127.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. upgraded Ameren from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $120.00 to $126.00 in a research report on Thursday, May 21st. Weiss Ratings upgraded Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. BMO Capital Markets increased their price target on Ameren from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Truist Financial lowered their price target on Ameren from $126.00 to $121.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.54.

Ameren Company Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.