Ameren Corporation (NYSE:AEE) to Issue $0.75 Quarterly Dividend

Ameren Corporation (NYSE:AEE) declared a quarterly dividend on Friday, May 15th. Stockholders of record on Tuesday, June 9th will be paid a dividend of 0.75 per share by the utilities provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, June 9th.

Ameren has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Ameren has a payout ratio of 56.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ameren to earn $5.77 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 52.0%.

Ameren Stock Up 2.1%

Shares of AEE stock opened at $109.28 on Friday. Ameren has a 1-year low of $93.50 and a 1-year high of $115.58. The stock’s fifty day moving average price is $110.22 and its 200 day moving average price is $106.64. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.62 and a quick ratio of 0.44. The company has a market cap of $30.24 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 2.20 and a beta of 0.47.

Ameren (NYSE:AEE) last announced its earnings results on Tuesday, May 5th. The utilities provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.11. Ameren had a return on equity of 10.94% and a net margin of 17.17%.The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $1.07 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Ameren has set its FY 2026 guidance at 5.250-5.450 EPS. On average, research analysts expect that Ameren will post 5.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on AEE shares. Truist Financial dropped their target price on Ameren from $126.00 to $121.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Barclays boosted their target price on Ameren from $104.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Wells Fargo & Company restated an “overweight” rating and set a $120.00 target price on shares of Ameren in a research note on Tuesday, April 21st. Weiss Ratings upgraded Ameren from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Finally, Mizuho set a $117.00 target price on Ameren in a research note on Friday, February 13th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.54.

Ameren Company Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.