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Mark C. Lindgren, the Executive Vice President and Chief Human Resources Officer of a subsidiary of Ameren Corp (NYSE:AEE), a $28 billion utility company currently trading near its 52-week high of $104.1, executed a stock sale recently. According to InvestingPro data, the stock has demonstrated consistently low volatility, making it an attractive option for stability-focused investors. According to a Form 4 filing with the Securities and Exchange Commission, Lindgren sold 1,870 shares of Ameren Corp on March 4, 2025, at a price of $103.79 per share, amounting to a total of $194,087. This transaction was conducted under a Rule 10b5-1 trading plan, a pre-arranged plan that allows insiders to sell stocks at predetermined times to avoid concerns about insider trading.
Additionally, on February 28, 2025, 1,534 shares were withheld by the issuer to satisfy tax obligations related to the vesting of performance share units and restricted stock units, valued at $155,793. Following these transactions, Lindgren holds 46,480 shares of Ameren Corp directly.
In other recent news, Ameren Corporation reported its fourth-quarter 2024 earnings, which revealed a mixed performance. The company posted an earnings per share (EPS) of $0.77, falling short of the forecasted $0.81, but exceeded revenue expectations with $1.94 billion against the anticipated $1.92 billion. Despite the EPS miss, Ameren’s management confirmed its 2025 EPS guidance remains in the range of $4.85 to $5.05. Analysts from BMO Capital Markets, Mizuho (NYSE:MFG) Securities, and Jefferies have all adjusted their price targets for Ameren, reflecting increased confidence in the company’s strategic growth plans. BMO and Mizuho both raised their targets to $105, while Jefferies set a higher target at $112.
Ameren’s updated five-year capital expenditure plan for 2025-2029 is now valued at $26.3 billion, marking a significant 20% increase from previous estimates. This plan is expected to drive a rate base growth acceleration to 9.2% through 2029. The company also revised its weather-normalized sales growth compound annual growth rate (CAGR) upwards to 5.5%, supported by increased demand from large-load customers. Additionally, Ameren extended its 6-8% EPS CAGR projection through 2029, based on the 2025 midpoint estimate of $4.95. These developments have contributed to a positive outlook from analysts, who maintain a favorable view of Ameren’s financial prospects.
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