Stryker shares tumble despite strong Q2 results and raised guidance
Martin J. Lyons, Chairman, President, and CEO of Ameren Corp (NYSE:AEE), a $28 billion utility company trading near its 52-week high of $104.1, has recently sold 14,833 shares of the company’s common stock. The transaction, executed on March 4, was part of a pre-established Rule 10b5-1 trading plan. The shares were sold at an average price of $103.79 per share, totaling approximately $1.54 million. According to InvestingPro analysis, the stock appears to be trading at a premium to its Fair Value.
Additionally, on February 28, Lyons had shares withheld by the company to cover tax obligations related to the vesting of performance share units and restricted stock units. This transaction involved 23,357 shares at a price of $101.56 per share, amounting to $2.37 million. Following these transactions, Lyons holds 269,683 shares directly in the company, which has maintained dividend payments for 28 consecutive years with a current yield of 2.84%.
These transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission. For comprehensive analysis and additional insights about Ameren Corp, including 6 more exclusive ProTips and detailed financial metrics, visit InvestingPro.
In other recent news, Ameren Corporation reported its fourth-quarter 2024 earnings, showing a mixed performance. The company posted an earnings per share (EPS) of $0.77, which fell short of the forecasted $0.81, but it exceeded revenue expectations with $1.94 billion against the anticipated $1.92 billion. Ameren also announced its full-year 2024 EPS at $4.63, aligning with consensus estimates and within the company’s guidance range. The utility company reaffirmed its 2025 EPS guidance of $4.85 to $5.05, with a compound annual growth rate (CAGR) of 6-8% projected through 2029.
Ameren’s updated five-year capital expenditure plan for 2025-2029 is set at $26.3 billion, marking a significant increase from the previous plan. This revised strategy includes investments in generation and a rate base growth acceleration to 9.2%, supported by enhanced demand from large-load customers. Analysts from BMO Capital Markets, Mizuho (NYSE:MFG) Securities, and Jefferies have all raised their price targets for Ameren, reflecting confidence in the company’s strategic growth plans. BMO and Mizuho both set the target at $105, while Jefferies increased it to $112, maintaining their positive ratings.
Furthermore, Ameren’s management expressed optimism about future growth, highlighting strategic investments in energy infrastructure and renewable energy. These developments are seen as crucial for supporting Ameren’s long-term financial prospects and delivering consistent growth over the coming years.
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