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Rafael Flores, a director at Ameren Corp (NYSE:AEE), recently sold 1,900 shares of the company’s common stock. The shares were sold on February 19, 2025, at a weighted average price of $97.93, totaling approximately $186,067. The sale comes as Ameren’s stock trades near its 52-week high of $100.61, having delivered an impressive 41% return over the past year. According to InvestingPro analysis, the utility company, now valued at $26.6 billion, appears overvalued at current levels. Following this transaction, Flores holds 14,107 shares directly. The sale was executed in multiple transactions at prices ranging from $97.92 to $97.93. Notably, Ameren has maintained dividend payments for 28 consecutive years, with a current yield of 2.9%. InvestingPro subscribers have access to 8 additional key insights about Ameren’s financial health and growth prospects through the comprehensive Pro Research Report.
In other recent news, Ameren Corporation reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $0.77, which fell short of the forecasted $0.81. However, the company exceeded revenue expectations with $1.94 billion against the anticipated $1.92 billion. Ameren also announced its 2025 earnings guidance, projecting an EPS range of $4.85 to $5.05. Analysts from BMO Capital Markets, Mizuho (NYSE:MFG) Securities, and Jefferies have all raised their price targets for Ameren’s stock, with BMO and Mizuho setting a target of $105 and Jefferies raising it to $112, while maintaining positive ratings.
The company’s updated five-year capital expenditure plan, valued at $26.3 billion, marks a 20% increase from the previous plan and is expected to support a 9.2% rate base growth through 2029. Ameren’s management confirmed its long-term EPS compound annual growth rate (CAGR) of 6-8% through 2029. Jefferies highlighted that Ameren’s EPS CAGR is anticipated to be near the higher end of this target range. The company has also extended its EPS CAGR projection through 2029, based on the 2025 midpoint estimate of $4.95.
Ameren’s strategic initiatives include significant investments in energy infrastructure and renewable energy, which are expected to drive future growth. The company plans to issue approximately $600 million in equity annually over the next five years to support these investments. Despite the EPS miss this quarter, analysts remain optimistic about Ameren’s long-term prospects, with BMO and Mizuho expressing confidence in the company’s strategic growth plans.
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