Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com - Jefferies raised its price target on Ameren Corp. (NYSE:AEE) to $125.00 from $121.00 on Monday, while maintaining a Buy rating on the utility company’s stock. The utility company, currently trading at $105.52 and near its 52-week high of $106.23, has seen its stock climb nearly 21% year-to-date. According to InvestingPro data, five analysts have recently revised their earnings estimates upward for the upcoming period.
The price target increase reflects Jefferies’ view that Ameren’s earnings per share will compound at the high end of the company’s 6-8% earnings per share compound annual growth rate (CAGR) guidance.
Jefferies cited several growth drivers in its analysis, including Missouri’s new rates, return on equity trends, transmission investments, Physical Resilience Plan (PRP) capital expenditure profile, and load growth.
The investment firm expects Ameren’s earnings per share to grow at approximately 8.2% CAGR, exceeding the consensus estimate of 7.5%, and noted that the company is already at the top half of its fiscal year 2025 guidance.
Jefferies also highlighted that Ameren is trading at only a 6.2% premium to the firm’s fiscal year 2027 earnings per share estimate, suggesting value relative to regional peers, and expects a bullish tone during Ameren’s third-quarter update, though a comprehensive financial update is not anticipated until the fourth quarter.
In other recent news, Ameren Corporation reported solid second-quarter results for 2025, with Jefferies raising the company’s stock price target to $121, citing strong performance in its Missouri operations. Ameren also declared a quarterly cash dividend of 71 cents per share, payable on December 31, 2025, to shareholders of record as of December 9, 2025. Additionally, Ameren Missouri, a subsidiary of Ameren, announced regular quarterly cash dividends on all classes of its preferred stock, payable on February 15, 2026. Leadership changes are underway at Ameren, with Michael Moehn set to become the group president of Ameren Utilities in January 2026. Moehn has also been named interim Chairman and President of Ameren Missouri following the retirement of Mark C. Birk. These developments reflect ongoing strategic adjustments within the company’s executive team. Ameren’s leadership transitions are aimed at enhancing oversight of its utility operations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.