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Chonda J. Nwamu, Executive Vice President at Ameren Corp (NYSE:AEE), a utility company with a market capitalization of $28 billion and a track record of 28 consecutive years of dividend payments, recently sold 5,500 shares of the company’s common stock. According to InvestingPro analysis, Ameren currently trades near its Fair Value with a P/E ratio of 22.8x. The shares were sold at an average price of $101.37 each, amounting to a total transaction value of $557,535. Following this sale, Nwamu holds 43,344 shares directly.
In a separate transaction on February 28, 2025, 5,047 shares were withheld by Ameren to cover tax obligations related to the vesting of performance share units and restricted stock units. These shares were valued at $101.56 each, totaling $512,573. After this transaction, Nwamu’s direct ownership stands at 48,844 shares.
In other recent news, Ameren Corporation reported its fourth-quarter 2024 earnings, revealing a mixed performance with 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. Following these announcements, several financial firms adjusted their outlooks on Ameren. BMO Capital Markets raised its price target for Ameren to $105, maintaining an Outperform rating, while Jefferies increased its price target to $112, keeping a Buy rating. Mizuho (NYSE:MFG) Securities also lifted its price target from $95 to $105, maintaining an Outperform rating.
These adjustments were influenced by Ameren’s updated five-year capital expenditure plan, which increased to $26.3 billion, marking a significant 20% rise from the previous plan. The company reaffirmed its 2025 EPS guidance in the range of $4.85 to $5.05 and extended its 6-8% EPS compound annual growth rate projection through 2029. Additionally, Ameren’s management confirmed a 9.2% rate base growth, up from the prior 8.2% estimate, and a revised weather-normalized sales growth CAGR to 5.5%. These developments reflect Ameren’s strategic focus on infrastructure investments and growth, which have been positively received by financial analysts and investors alike.
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