Ameren announces executive departure

ST. LOUIS, MO - Ameren Corporation (NYSE:AEE), a $25.67 billion energy company currently trading near its 52-week high of $96.74, disclosed in a recent SEC filing that Executive Vice President, General Counsel, and Secretary Chonda J. Nwamu will resign from her positions at the company and its subsidiaries, effective March 10, 2025. The announcement was made public today, following Nwamu’s notification to the company on January 30, 2025.

Nwamu’s departure from Ameren will mark the end of her tenure with the company, during which she held significant legal and executive roles. The filing did not specify reasons for her resignation or who will succeed her in the aforementioned roles. According to InvestingPro analysis, Ameren maintains a FAIR financial health score, with particularly strong momentum metrics, suggesting stable operational performance during leadership transitions.

Ameren, headquartered in St. Louis, Missouri, operates in the electric and other services combined industry, according to the Standard Industrial Classification system. The company’s common stock is listed on the New York Stock Exchange under the ticker symbol AEE. Notable for its strong dividend profile, InvestingPro data shows the company has maintained dividend payments for 27 consecutive years, with 11 straight years of dividend increases.

The information about this executive change was based on a Form 8-K filed with the Securities and Exchange Commission on February 3, 2025. Ameren has not provided any additional details regarding the transition plan or the impact of Nwamu’s departure on the company’s operations.

Investors and stakeholders will be looking forward to further announcements from Ameren regarding the appointment of a new Executive Vice President, General Counsel, and Secretary, as well as any strategic implications this change in leadership may have for the company’s future.

In other recent news, Ameren Corp . has seen significant revisions in its stock price targets by multiple analyst firms. BMO Capital Markets raised its price target for Ameren to $100, while maintaining an Outperform rating. The firm anticipates Ameren’s year-end earnings to be $0.76 for the fourth quarter and $4.62 for the full year 2024. BMO Capital also predicts a substantial enhancement to Ameren’s existing $21.9 billion capital plan for 2024-2028, supporting a ratebase growth of approximately 8.2%.

Evercore ISI upgraded Ameren’s stock from In Line to Outperform, raising the price target to $104. The firm’s analyst, Durgesh Chopra, anticipates Ameren achieving the higher end of its targeted 6-8% earnings per share (EPS) growth rate.

Mizuho (NYSE:MFG) Securities increased its price target for Ameren to $95, citing potential benefits from new legislation in Missouri. Jefferies raised Ameren’s stock price target to $100, expecting the company’s strong performance to continue into 2025.

These updates come in light of Ameren’s recent financial developments, including the company’s plan to issue $300 million of common equity in 2024 to support its capital investments. The company has refined its earnings guidance for 2024, projecting a range between $4.55 and $4.69, and provided its 2025 earnings outlook earlier than usual, forecasting a range of $4.85 to $5.05, suggesting a year-over-year growth of 7.1%.

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