Symbols / AEE $109.24 -0.65% Ameren Corporation

Utilities • Utilities - Regulated Electric • United States • NYQ
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About

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution business and natural gas transmission and distribution business. The company also generates electricity through coal, nuclear, and natural gas, as well as renewable energy, including hydroelectric, wind, methane gas, and solar energy centers. It serves residential, commercial, and industrial customers. Ameren Corporation was founded in 1881 and is headquartered in Saint Louis, Missouri.

Fundamentals
Scroll to Statements
Market Cap 30.22B Enterprise Value 50.42B Income 1.46B Sales 8.47B Book/sh 48.48 Cash/sh 0.05
Dividend Yield 2.73% Payout 53.08% Employees 8913 IPO — P/E 20.38 Forward P/E 18.86
PEG 2.83 P/S 3.57 P/B 2.25 P/C — EV/EBITDA 13.56 EV/Sales 5.95
Quick Ratio 0.31 Current Ratio 0.66 Debt/Eq 147.12 LT Debt/Eq — EPS (ttm) 5.36 EPS next Y 5.79
EPS Growth 19.50% Revenue Growth -8.80% Earnings 2026-05-05 ROA 3.05% ROE 11.34% ROIC —
Gross Margin 49.24% Oper. Margin 24.61% Profit Margin 17.19% Shs Outstand 276.65M Shs Float 275.04M Short Float 3.50%
Short Ratio 5.00 Short Interest — 52W High 115.53 52W Low 93.27 Beta 0.53 Avg Volume 1.76M
Volume 1.11M Target Price $120.13 Recom Buy Prev Close $109.96 Price $109.24 Change -0.65%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$120.13
Mean price target
2. Current target
$109.24
Latest analyst target
3. DCF / Fair value
$-96.58
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$109.24
Low
$105.00
High
$132.00
Mean
$120.13

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-21 main Morgan Stanley Equal-Weight → Equal-Weight $117
2026-04-21 init Truist Securities — → Buy $126
2026-04-15 main Barclays Equal-Weight → Equal-Weight $116
2026-03-23 main Argus Research Buy → Buy $115
2026-02-20 main UBS Buy → Buy $127
2026-02-13 main Wells Fargo Overweight → Overweight $113
2026-02-13 main BMO Capital Outperform → Outperform $120
2026-01-20 main Wells Fargo Overweight → Overweight $111
2026-01-15 main JP Morgan Neutral → Neutral $111
2026-01-15 main Barclays Equal-Weight → Equal-Weight $104
2025-12-17 main UBS Buy → Buy $115
2025-12-12 down Keybanc Overweight → Sector Weight —
2025-10-28 init Wells Fargo — → Overweight $112
2025-10-28 init RBC Capital — → Sector Perform $119
2025-10-27 main Mizuho Outperform → Outperform $114
2025-10-22 main Morgan Stanley Equal-Weight → Equal-Weight $111
2025-10-21 main Barclays Equal-Weight → Equal-Weight $111
2025-10-15 main Keybanc Overweight → Overweight $109
2025-09-25 main Morgan Stanley Equal-Weight → Equal-Weight $104
2025-07-16 main Keybanc Overweight → Overweight $104
News
RSS: Latest AEE news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-05 BRUNE CATHERINE S Director — 450 $0.00 $0
2026-03-03 LYONS MARTIN J JR Chief Executive Officer — 26,818 $111.84 $2,999,325
2026-03-03 SCHUKAR SHAWN E Officer of Subsidiary Company — 4,975 $111.84 $556,404
2026-03-03 LINDGREN MARK C Officer of Subsidiary Company — 2,073 $111.84 $231,844
2026-02-27 RAUSCH TIMOTHY S. Director — 1,251 $0.00 $0
2026-02-17 MIZELL GWENDOLYN G. Officer of Subsidiary Company — 3,548 $110.90 $393,473
2026-02-17 SHAW THERESA A Officer — 325 $111.89 $36,364
2026-02-17 ARORA AJAY K Officer — 3,000 $111.44 $334,320
2026-02-17 FLORES RAFAEL Director — 1,600 $111.52 $178,432
2026-02-05 MIZELL GWENDOLYN G. Officer of Subsidiary Company — 3,141 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
8,799.00
+15.43%
7,623.00
+1.64%
7,500.00
-5.74%
7,957.00
Operating Revenue
8,799.00
+15.43%
7,623.00
+1.64%
7,500.00
-5.74%
7,957.00
Cost Of Revenue
4,628.00
+16.57%
3,970.00
-1.56%
4,033.00
-12.59%
4,614.00
Reconciled Cost Of Revenue
4,528.00
+14.49%
3,955.00
+0.89%
3,920.00
-12.21%
4,465.00
Gross Profit
4,171.00
+14.18%
3,653.00
+5.36%
3,467.00
+3.71%
3,343.00
Operating Expense
2,145.00
+0.37%
2,137.00
+11.94%
1,909.00
+4.43%
1,828.00
Selling General And Administration
—
—
-295.00
-60.33%
-184.00
General And Administrative Expense
—
—
-295.00
-60.33%
-184.00
Salaries And Wages
—
—
-295.00
-60.33%
-184.00
Total Expenses
6,773.00
+10.91%
6,107.00
+2.78%
5,942.00
-7.76%
6,442.00
Operating Income
2,026.00
+33.64%
1,516.00
-2.70%
1,558.00
+2.84%
1,515.00
Total Operating Income As Reported
2,026.00
+33.64%
1,516.00
-2.70%
1,558.00
+2.84%
1,515.00
Normalized EBITDA
3,945.00
+14.48%
3,446.00
+2.80%
3,352.00
+6.89%
3,136.00
Reconciled Depreciation
1,668.00
+3.93%
1,605.00
+7.00%
1,500.00
+4.31%
1,438.00
EBIT
2,373.00
+22.76%
1,933.00
+1.42%
1,906.00
+9.48%
1,741.00
Total Unusual Items
96.00
+4.35%
92.00
+70.37%
54.00
+25.58%
43.00
Total Unusual Items Excluding Goodwill
96.00
+4.35%
92.00
+70.37%
54.00
+25.58%
43.00
Special Income Charges
96.00
+4.35%
92.00
+70.37%
54.00
+25.58%
43.00
Other Special Charges
-96.00
-4.35%
-92.00
-70.37%
-54.00
-25.58%
-43.00
Pretax Income
1,597.00
+25.75%
1,270.00
-5.22%
1,340.00
+6.77%
1,255.00
Interest Expense Non Operating
776.00
+17.04%
663.00
+17.14%
566.00
+16.46%
486.00
Net Interest Income
-735.00
-18.17%
-622.00
-16.70%
-533.00
-18.18%
-451.00
Interest Expense
776.00
+17.04%
663.00
+17.14%
566.00
+16.46%
486.00
Interest Income Non Operating
41.00
+0.00%
41.00
+24.24%
33.00
-5.71%
35.00
Interest Income
41.00
+0.00%
41.00
+24.24%
33.00
-5.71%
35.00
Other Income Expense
306.00
-18.62%
376.00
+19.37%
315.00
+64.92%
191.00
Other Non Operating Income Expenses
229.00
-20.49%
288.00
+10.77%
260.00
+78.08%
146.00
Tax Provision
136.00
+63.86%
83.00
-54.64%
183.00
+3.98%
176.00
Tax Rate For Calcs
0.00
+28.57%
0.00
-50.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
8.64
+34.16%
6.44
-14.81%
7.56
+25.58%
6.02
Net Income Including Noncontrolling Interests
1,461.00
+23.08%
1,187.00
+2.59%
1,157.00
+7.23%
1,079.00
Net Income From Continuing Operation Net Minority Interest
1,456.00
+23.18%
1,182.00
+2.60%
1,152.00
+7.26%
1,074.00
Net Income From Continuing And Discontinued Operation
1,456.00
+23.18%
1,182.00
+2.60%
1,152.00
+7.26%
1,074.00
Net Income Continuous Operations
1,461.00
+23.08%
1,187.00
+2.59%
1,157.00
+7.23%
1,079.00
Minority Interests
-5.00
+0.00%
-5.00
+0.00%
-5.00
+0.00%
-5.00
Normalized Income
1,368.64
+24.83%
1,096.44
-0.82%
1,105.56
+6.61%
1,037.02
Net Income Common Stockholders
1,456.00
+23.18%
1,182.00
+2.60%
1,152.00
+7.26%
1,074.00
Diluted EPS
5.35
+21.04%
4.42
+0.91%
4.38
+5.80%
4.14
Basic EPS
5.38
+21.44%
4.43
+0.91%
4.39
+5.53%
4.16
Basic Average Shares
270.50
+1.39%
266.80
+1.52%
262.80
+1.70%
258.40
Diluted Average Shares
272.20
+1.80%
267.40
+1.52%
263.40
+1.50%
259.50
Diluted NI Availto Com Stockholders
1,456.00
+23.18%
1,182.00
+2.60%
1,152.00
+7.26%
1,074.00
Depreciation Amortization Depletion Income Statement
1,568.00
-1.38%
1,590.00
+14.64%
1,387.00
+7.60%
1,289.00
Depreciation And Amortization In Income Statement
1,568.00
-1.38%
1,590.00
+14.64%
1,387.00
+7.60%
1,289.00
Earnings From Equity Interest
-19.00
-375.00%
-4.00
-500.00%
1.00
-50.00%
2.00
Other Taxes
577.00
+5.48%
547.00
+4.79%
522.00
-3.15%
539.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
48,476.00
+8.70%
44,598.00
+9.23%
40,830.00
+7.72%
37,904.00
Current Assets
2,571.00
+13.56%
2,264.00
+3.81%
2,181.00
-18.25%
2,668.00
Cash Cash Equivalents And Short Term Investments
13.00
+85.71%
7.00
-72.00%
25.00
-90.00%
250.00
Cash And Cash Equivalents
13.00
+85.71%
7.00
-72.00%
25.00
+150.00%
10.00
Other Short Term Investments
—
—
0.00
-100.00%
240.00
Accounts Receivable
665.00
+26.67%
525.00
+6.28%
494.00
-17.67%
600.00
Gross Accounts Receivable
704.00
+26.85%
555.00
+5.92%
524.00
-16.96%
631.00
Allowance For Doubtful Accounts Receivable
-39.00
-30.00%
-30.00
+0.00%
-30.00
+3.23%
-31.00
Other Receivables
107.00
+11.46%
96.00
-9.43%
106.00
+96.30%
54.00
Inventory
774.00
+1.57%
762.00
+3.96%
733.00
+9.90%
667.00
Restricted Cash
—
—
14.00
-90.14%
142.00
Other Current Assets
597.00
+13.07%
528.00
+4.76%
504.00
-0.98%
509.00
Total Non Current Assets
45,905.00
+8.44%
42,334.00
+9.53%
38,649.00
+9.69%
35,236.00
Net PPE
39,313.00
+8.29%
36,304.00
+7.48%
33,776.00
+8.04%
31,262.00
Gross PPE
55,882.00
+5.84%
52,799.00
+7.31%
49,202.00
+7.60%
45,727.00
Accumulated Depreciation
-16,569.00
-0.45%
-16,495.00
-6.93%
-15,426.00
-6.64%
-14,465.00
Construction In Progress
3,012.00
+49.93%
2,009.00
+34.56%
1,493.00
+14.32%
1,306.00
Other Properties
3,584.00
-19.59%
4,457.00
+8.63%
4,103.00
+15.64%
3,548.00
Goodwill And Other Intangible Assets
411.00
+0.00%
411.00
+0.00%
411.00
+0.00%
411.00
Goodwill
411.00
+0.00%
411.00
+0.00%
411.00
+0.00%
411.00
Investments And Advances
—
1,342.00
+16.70%
1,150.00
+20.04%
958.00
Other Investments
—
1,342.00
+16.70%
1,150.00
+20.04%
958.00
Other Non Current Assets
2,680.00
+8.72%
2,465.00
+19.02%
2,071.00
+19.99%
1,726.00
Total Liabilities Net Minority Interest
34,946.00
+8.01%
32,355.00
+10.23%
29,352.00
+7.65%
27,267.00
Current Liabilities
3,907.00
+14.47%
3,413.00
+2.03%
3,345.00
-0.62%
3,366.00
Payables And Accrued Expenses
1,483.00
+18.17%
1,255.00
-2.18%
1,283.00
+10.70%
1,159.00
Payables
1,254.00
+18.41%
1,059.00
-6.78%
1,136.00
-1.98%
1,159.00
Accounts Payable
1,254.00
+18.41%
1,059.00
-6.78%
1,136.00
-1.98%
1,159.00
Current Accrued Expenses
229.00
+16.84%
196.00
+33.33%
147.00
—
Current Debt And Capital Lease Obligation
1,616.00
+10.68%
1,460.00
+5.42%
1,385.00
-1.77%
1,410.00
Current Debt
1,616.00
+10.68%
1,460.00
+5.42%
1,385.00
-1.77%
1,410.00
Other Current Borrowings
973.00
+206.94%
317.00
-62.66%
849.00
+149.71%
340.00
Current Deferred Liabilities
238.00
+6.73%
223.00
+26.70%
176.00
+53.04%
115.00
Current Deferred Revenue
238.00
+6.73%
223.00
+26.70%
176.00
+53.04%
115.00
Other Current Liabilities
570.00
+20.00%
475.00
-5.19%
501.00
-26.54%
682.00
Total Non Current Liabilities Net Minority Interest
31,039.00
+7.25%
28,942.00
+11.29%
26,007.00
+8.81%
23,901.00
Long Term Debt And Capital Lease Obligation
18,214.00
+5.52%
17,262.00
+14.16%
15,121.00
+10.49%
13,685.00
Long Term Debt
18,214.00
+5.52%
17,262.00
+14.16%
15,121.00
+10.49%
13,685.00
Long Term Provisions
849.00
+3.28%
822.00
+6.48%
772.00
+1.18%
763.00
Defined Pension Benefit
977.00
+29.06%
757.00
+30.29%
581.00
+41.36%
411.00
Non Current Deferred Liabilities
5,181.00
+15.80%
4,474.00
+7.14%
4,176.00
+9.78%
3,804.00
Non Current Deferred Taxes Liabilities
5,181.00
+15.80%
4,474.00
+7.14%
4,176.00
+9.78%
3,804.00
Other Non Current Liabilities
540.00
+10.88%
487.00
+14.32%
426.00
+25.29%
340.00
Stockholders Equity
13,401.00
+10.62%
12,114.00
+6.74%
11,349.00
+8.00%
10,508.00
Common Stock Equity
13,401.00
+10.62%
12,114.00
+6.74%
11,349.00
+8.00%
10,508.00
Capital Stock
3.00
+0.00%
3.00
+0.00%
3.00
+0.00%
3.00
Common Stock
3.00
+0.00%
3.00
+0.00%
3.00
+0.00%
3.00
Share Issued
276.40
+2.41%
269.90
+1.35%
266.30
+1.64%
262.00
Ordinary Shares Number
276.40
+2.41%
269.90
+1.35%
266.30
+1.64%
262.00
Additional Paid In Capital
8,106.00
+7.89%
7,513.00
+4.12%
7,216.00
+5.19%
6,860.00
Retained Earnings
5,292.00
+14.94%
4,604.00
+11.32%
4,136.00
+13.44%
3,646.00
Gains Losses Not Affecting Retained Earnings
0.00
+100.00%
-6.00
+0.00%
-6.00
-500.00%
-1.00
Minority Interest
129.00
+0.00%
129.00
+0.00%
129.00
+0.00%
129.00
Other Equity Adjustments
—
-6.00
+0.00%
-6.00
-500.00%
-1.00
Total Equity Gross Minority Interest
13,530.00
+10.51%
12,243.00
+6.66%
11,478.00
+7.91%
10,637.00
Total Capitalization
31,615.00
+7.62%
29,376.00
+10.98%
26,470.00
+9.41%
24,193.00
Working Capital
-1,336.00
-16.28%
-1,149.00
+1.29%
-1,164.00
-66.76%
-698.00
Invested Capital
33,231.00
+7.77%
30,836.00
+10.70%
27,855.00
+8.80%
25,603.00
Total Debt
19,830.00
+5.92%
18,722.00
+13.43%
16,506.00
+9.35%
15,095.00
Net Debt
19,817.00
+5.89%
18,715.00
+13.56%
16,481.00
+9.25%
15,085.00
Net Tangible Assets
12,990.00
+11.00%
11,703.00
+6.99%
10,938.00
+8.33%
10,097.00
Tangible Book Value
12,990.00
+11.00%
11,703.00
+6.99%
10,938.00
+8.33%
10,097.00
Commercial Paper
643.00
-43.74%
1,143.00
+113.25%
536.00
-49.91%
1,070.00
Interest Payable
229.00
+16.84%
196.00
+33.33%
147.00
—
Other Inventories
98.00
+7.69%
91.00
-4.21%
95.00
-26.92%
130.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
3,353.00
+21.35%
2,763.00
+7.76%
2,564.00
+13.30%
2,263.00
Cash Flow From Continuing Operating Activities
3,353.00
+21.35%
2,763.00
+7.76%
2,564.00
+13.30%
2,263.00
Net Income From Continuing Operations
1,461.00
+23.08%
1,187.00
+2.59%
1,157.00
+7.23%
1,079.00
Depreciation Amortization Depletion
1,668.00
+3.93%
1,605.00
+7.00%
1,500.00
+4.31%
1,438.00
Depreciation
1,668.00
+3.93%
1,605.00
+7.00%
1,500.00
+4.31%
1,438.00
Depreciation And Amortization
1,668.00
+3.93%
1,605.00
+7.00%
1,500.00
+4.31%
1,438.00
Other Non Cash Items
-6.00
-120.00%
30.00
+236.36%
-22.00
-147.83%
46.00
Stock Based Compensation
28.00
+0.00%
28.00
+7.69%
26.00
+8.33%
24.00
Deferred Tax
253.00
+99.21%
127.00
-44.54%
229.00
+34.71%
170.00
Deferred Income Tax
253.00
+99.21%
127.00
-44.54%
229.00
+34.71%
170.00
Change In Working Capital
-51.00
+76.17%
-214.00
+34.36%
-326.00
+34.01%
-494.00
Change In Receivables
-272.00
-198.90%
-91.00
-163.19%
144.00
+145.43%
-317.00
Change In Inventory
-12.00
+61.29%
-31.00
+53.73%
-67.00
+12.99%
-77.00
Change In Payables And Accrued Expense
232.00
+510.53%
38.00
+135.19%
-108.00
-187.80%
123.00
Change In Payable
232.00
+510.53%
38.00
+135.19%
-108.00
-187.80%
123.00
Change In Account Payable
42.00
+950.00%
4.00
+103.85%
-104.00
-176.47%
136.00
Change In Other Working Capital
-67.00
+43.22%
-118.00
+60.80%
-301.00
-49.75%
-201.00
Change In Other Current Assets
-36.00
-5.88%
-34.00
+68.81%
-109.00
-47.30%
-74.00
Change In Other Current Liabilities
104.00
+372.73%
22.00
-80.87%
115.00
+121.15%
52.00
Investing Cash Flow
-4,145.00
+6.98%
-4,456.00
-17.32%
-3,798.00
-12.70%
-3,370.00
Cash Flow From Continuing Investing Activities
-4,145.00
+6.98%
-4,456.00
-17.32%
-3,798.00
-12.70%
-3,370.00
Capital Expenditure
-4,174.00
+5.35%
-4,410.00
-16.95%
-3,771.00
-11.57%
-3,380.00
Capital Expenditure Reported
-4,174.00
+5.35%
-4,410.00
-16.95%
-3,771.00
-11.57%
-3,380.00
Net Investment Purchase And Sale
-24.00
-20.00%
-20.00
+23.08%
-26.00
-100.00%
-13.00
Purchase Of Investment
-440.00
+24.66%
-584.00
-119.55%
-266.00
-16.16%
-229.00
Sale Of Investment
416.00
-26.24%
564.00
+135.00%
240.00
+11.11%
216.00
Net Other Investing Changes
53.00
+303.85%
-26.00
-2500.00%
-1.00
-104.35%
23.00
Financing Cash Flow
884.00
-49.46%
1,749.00
+35.58%
1,290.00
+10.45%
1,168.00
Cash Flow From Continuing Financing Activities
884.00
-49.46%
1,749.00
+35.58%
1,290.00
+10.45%
1,168.00
Net Issuance Payments Of Debt
1,120.00
-50.20%
2,249.00
+35.32%
1,662.00
+11.99%
1,484.00
Issuance Of Debt
1,960.00
-22.68%
2,535.00
+10.46%
2,295.00
+56.44%
1,467.00
Repayment Of Debt
-341.00
+61.81%
-893.00
-793.00%
-100.00
+80.20%
-505.00
Long Term Debt Issuance
1,960.00
-22.68%
2,535.00
+10.46%
2,295.00
+56.44%
1,467.00
Long Term Debt Payments
-341.00
+61.81%
-893.00
-793.00%
-100.00
+80.20%
-505.00
Net Long Term Debt Issuance
1,619.00
-1.40%
1,642.00
-25.19%
2,195.00
+128.17%
962.00
Net Short Term Debt Issuance
-499.00
-182.21%
607.00
+213.88%
-533.00
-202.11%
522.00
Net Common Stock Issuance
574.00
+110.26%
273.00
-21.10%
346.00
+3.90%
333.00
Common Stock Dividend Paid
-768.00
-7.56%
-714.00
-7.85%
-662.00
-8.52%
-610.00
Cash Dividends Paid
-768.00
-7.56%
-714.00
-7.85%
-662.00
-8.52%
-610.00
Repurchase Of Capital Stock
—
—
0.00
0.00
Net Other Financing Charges
-42.00
+28.81%
-59.00
-5.36%
-56.00
-43.59%
-39.00
Changes In Cash
92.00
+64.29%
56.00
+0.00%
56.00
-8.20%
61.00
Beginning Cash Position
328.00
+20.59%
272.00
+25.93%
216.00
+39.35%
155.00
End Cash Position
420.00
+28.05%
328.00
+20.59%
272.00
+25.93%
216.00
Free Cash Flow
-821.00
+50.15%
-1,647.00
-36.45%
-1,207.00
-8.06%
-1,117.00
Interest Paid Supplemental Data
755.00
+23.57%
611.00
+11.90%
546.00
+14.71%
476.00
Change In Income Tax Payable
190.00
+458.82%
34.00
+950.00%
-4.00
+69.23%
-13.00
Change In Tax Payable
190.00
+458.82%
34.00
+950.00%
-4.00
+69.23%
-13.00
Common Stock Issuance
574.00
+110.26%
273.00
-21.10%
346.00
+3.90%
333.00
Issuance Of Capital Stock
574.00
+110.26%
273.00
-21.10%
346.00
+3.90%
333.00
Net Preferred Stock Issuance
—
—
0.00
0.00
Preferred Stock Payments
—
—
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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