Gold prices steady ahead of Fed decision; weekly weakness noted
Theresa A. Shaw, Senior Vice President, Finance and Chief Accounting Officer of Ameren Corp (NYSE:AEE), a $26.9 billion utility company, sold 1,000 shares of the company’s common stock on February 26, 2025. The transaction comes as Ameren trades near its 52-week high of $100.61, with InvestingPro data showing the stock has maintained consistent dividend payments for 28 consecutive years. The shares were sold at a price of $99.53 each, totaling $99,530. Following this transaction, Shaw holds 31,993 shares directly. Additionally, Shaw has an indirect ownership of 821 shares through the Ameren Corporation Savings Investment Plan, as of January 31, 2025. The stock currently trades at a P/E ratio of 22.5x, with analyst targets ranging from $81.33 to $112 per share. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, Ameren Corporation reported its fourth-quarter 2024 earnings, showcasing a mixed performance. The company’s earnings per share (EPS) were $0.77, which fell short of the forecasted $0.81, but it managed to exceed revenue expectations with $1.94 billion against the anticipated $1.92 billion. Following the earnings announcement, BMO Capital Markets, Mizuho (NYSE:MFG) Securities, and Jefferies all raised their price targets for Ameren, reflecting their positive outlook on the company’s strategic growth plans. BMO and Mizuho both set the new price target at $105, while Jefferies increased it to $112, maintaining a Buy rating.
Ameren has also updated its five-year capital expenditure plan, increasing it to $26.3 billion, which represents a 20% increase from the previous plan. This revised plan is expected to support a rate base growth acceleration to 9.2% through 2029, up from the previously anticipated 8.2%. Ameren’s management reaffirmed its 2025 EPS guidance in the range of $4.85 to $5.05 and extended its long-term EPS compound annual growth rate (CAGR) of 6-8% through 2029. Analysts from BMO and Jefferies expressed confidence in Ameren’s ability to execute its strategic plans, citing the company’s updated capital plan and strong financial outlook as key factors in their assessments.
Ameren’s Preferred Resource Plan, which includes significant investments in generation, has been well-received by analysts, with Mizuho highlighting the company’s robust update to its capital plan. Despite the EPS miss in the recent quarter, Ameren’s strategic initiatives in renewable energy and infrastructure seem to have bolstered investor confidence. The company plans to issue approximately $600 million in equity annually over the next five years to support its capital expenditure plan and maintain a strong balance sheet.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.