U.S. stocks lower as investors rotate out of tech ahead of Jackson Hole
ST. LOUIS, MO – Ameren Corporation (NYSE:AEE), a leading utility company with a market capitalization of $26.76 billion and trading near its 52-week high of $104.10, announced the resignation of Noelle K. Eder from its Board of Directors, effective May 6, 2025. The departure, as disclosed in a recent SEC 8-K filing, is attributed to Eder’s need to relocate outside of the United States due to a change in her primary employment.
Eder, whose decision to step down is for personal reasons, confirmed that her resignation was not prompted by any disagreements with the company’s operations, policies, or practices. The announcement comes as Ameren maintains strong operational momentum, with five analysts recently revising earnings estimates upward and the company maintaining an impressive 11-year streak of consecutive dividend increases. The announcement made on Monday comes after Eder notified the company of her impending resignation on April 22, 2025.
Ameren, headquartered in St. Louis, Missouri, has not yet announced a successor for the departing director. The company’s filing with the Securities and Exchange Commission did not detail any immediate plans for filling the vacancy on the board.
This development comes as the company continues to provide electric and other services to its customers under the SIC code 4931. Ameren’s commitment to its governance and the composition of its board remains a key aspect of its corporate oversight.
Investors and stakeholders of Ameren Corporation can refer to the SEC filing for further details regarding this corporate governance matter. The information reported is based on the press release statement provided by Ameren Corporation.
In other recent news, Ameren Corporation has announced its full-year 2024 earnings per share (EPS) of $4.63, aligning with both BMO Capital Markets’ and consensus estimates. BMO has also raised its price target for Ameren’s stock to $106, maintaining an Outperform rating, while Mizuho (NYSE:MFG) Securities increased its target to $105, also retaining an Outperform rating. Ameren has issued $750 million in senior notes due 2035, with proceeds expected to support infrastructure investments and other corporate purposes. The company has unveiled a revised five-year capital expenditure plan of $26.3 billion for 2025-2029, marking a 20% increase from the previous plan. This updated plan is anticipated to drive a 9.2% rate base growth and a 5.5% compound annual growth rate in weather-normalized sales. Additionally, Ameren reaffirmed its 2025 EPS guidance of $4.85 to $5.05 and its long-term EPS growth projection of 6-8% through 2029. In governance news, board member Kimberly J. Harris has resigned due to health reasons, leaving a vacancy that Ameren has yet to fill. These developments reflect Ameren’s ongoing strategic initiatives and financial planning efforts.
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