Gold prices steady ahead of Fed decision; weekly weakness noted
Craig S. Ivey, a director at Ameren Corp (NYSE:AEE), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Ivey sold 2,716 shares of Ameren Corp at a price of $98.27 per share, totaling approximately $266,901. Following this transaction, Ivey retains ownership of 14,495 shares in the company. The sale comes as Ameren trades near its 52-week high of $100.61, with InvestingPro data showing the stock has maintained dividend payments for 28 consecutive years and currently offers a 2.92% yield. This move is part of Ivey’s ongoing management of his investment in the electric and other services combined sector company. With a market capitalization of $26.6 billion and an overall "FAIR" financial health rating according to InvestingPro, Ameren demonstrates historically low price volatility. For deeper insights into Ameren’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Ameren Corporation reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $0.77, which missed the forecasted $0.81. However, the company exceeded revenue expectations, reporting $1.94 billion against the anticipated $1.92 billion. Analysts from Jefferies, BMO Capital Markets, and Mizuho (NYSE:MFG) Securities have responded positively to Ameren’s strategic plans, with Jefferies raising its price target for Ameren shares to $112 and maintaining a Buy rating, while BMO and Mizuho both lifted their price targets to $105, maintaining an Outperform rating. The analysts’ updates follow Ameren’s announcement of its updated five-year capital expenditure plan, valued at $26.3 billion, which marks a significant increase from previous projections. Ameren’s management has confirmed its 2025 EPS guidance range of $4.85 to $5.05 and extended its long-term EPS compound annual growth rate projection of 6-8% through 2029. The company’s strategic investments, including a focus on renewable energy and infrastructure improvements, are expected to support a robust rate base growth of approximately 9.2% through 2029. These developments reflect a strong market confidence in Ameren’s ability to execute its strategic initiatives and deliver consistent growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.