Ameren Corp Stock Research

Market Summary

USD80.77-0.18

Market Closed

-0.22%

AEE Stock Price

AEE RSI Chart

AEE Valuation

Market Cap

21.2B

Price/Earnings (Trailing)

19.66

Price/Sales (Trailing)

2.61

EV/EBITDA

6.5

Price/Free Cashflow

-18.65

AEE Price/Sales (Trailing)

AEE Profitability

EBT Margin

15.77%

Return on Equity

10.27%

Return on Assets

2.85%

Free Cashflow Yield

-5.36%

AEE Fundamentals

AEE Revenue

Revenue (TTM)

8.1B

Revenue Y/Y

9.74%

Revenue Q/Q

0.78%

AEE Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

30.16%

Earnings Q/Q

-63.8%

Price Action

52 Week Range

72.2395.53

(Low)(High)

Last 7 days

-4.0%

Last 30 days

-9.2%

Last 90 days

-3.5%

Trailing 12 Months

-13.4%

AEE Financial Health

Current Ratio

0.79

AEE Investor Care

Dividend Yield

2.97%

Dividend/Share (TTM)

2.4

Shares Dilution (1Y)

1.70%

Diluted EPS (TTM)

4.17

Peers (Alternatives to Ameren)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ED	32.9B	16.0B	-6.51%	-5.62%	13.21	2.05	13.91%	73.64%
PEG	31.7B	11.2B	-4.67%	-11.68%	30.71	3.23	22.92%	278.74%
WEC	27.4B	9.6B	-9.28%	-15.65%	19.44	2.86	12.24%	8.56%
AEE	21.2B	8.1B	-9.24%	-13.44%	19.66	2.61	21.37%	8.44%
CMS	16.7B	8.5B	-7.49%	-17.50%	24.21	1.96	10.61%	-49.30%
NI	11.1B	5.9B	-4.24%	-13.38%	15.61	1.87	13.70%	-0.82%
MID-CAP
UGI	5.9B	9.8B	-14.66%	-32.51%	-9.79	0.6	8.37%	-140.17%
BKH	4.2B	2.6B	-5.24%	-19.72%	16.37	1.66	23.85%	-2.27%
NWE	3.4B	1.5B	-3.44%	-8.90%	18	2.18	12.58%	1.94%
AVA	3.1B	1.8B	-5.38%	-3.32%	22.62	1.78	16.29%	-8.24%
SJW	2.4B	633.7M	-1.31%	26.23%	32.2	3.83	8.66%	32.50%
SMALL-CAP
MSEX	1.4B	164.4M	5.34%	-5.47%	32.76	8.56	11.99%	-13.27%
UTL	855.9M	590.8M	-9.10%	-5.24%	19.45	1.45	12.08%	13.70%
GNE	278.1M	343.0M	0.32%	112.14%	2.8	0.76	3.38%	82.31%

Financials for Ameren

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.3%	8,140	7,957	7,456	6,961	6,707
Operating Expenses	2.5%	6,605	6,442	6,020	5,590	5,359
EBITDA	4.0%	3,179	3,057	2,888	2,812	-
EBITDA Margin	-2.6%	0.40*	0.41*	1.83*	0.42*	-
Earnings Before Taxes	3.0%	1,255	1,218	1,183	1,177	-
EBT Margin	-3.4%	0.16*	0.16*	0.75*	0.18*	-
Interest Expenses	4.7%	509	486	449	417	387
Net Income	3.7%	1,079	1,041	1,014	1,013	-
Net Income Margin	-2.9%	0.14*	0.14*	0.64*	0.15*	-
Free Cahsflow	11.9%	-1,088	-1,235	-632	-757	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	0.4%	38,064	37,904	37,657	37,108	36,197
Current Assets	-22.7%	2,062	2,668	2,518	2,396	2,031
Cash Equivalents	2270.0%	237	10.00	7.00	7.00	7.00
Inventory	-5.5%	630	667	695	600	520
Net PPE	1.5%	31,735	31,262	30,608	30,086	29,578
Goodwill	0%	411	411	411	411	411
Current Liabilities	-18.1%	2,757	3,366	3,175	3,588	3,145
. Short Term Borrowings	16.6%	1,248	1,070	1,221	1,021	1,101
LT Debt, Current	-70.6%	100	340	155	605	505
LT Debt, Non Current	3.6%	14,181	13,685	13,577	12,985	12,563
Shareholder's Equity	2.2%	10,736	10,508	10,201	9,880	9,806
Retained Earnings	2.7%	3,745	3,646	3,636	3,336	3,282
Additional Paid-In Capital	0.0%	6,861	6,860	6,548	6,527	6,507
Shares Outstanding	0.2%	263	262	259	258	258
Minority Interest	0%	129	129	129	129	129

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	4.8%	2,371	2,263	2,068	2,097	2,084
Share Based Compensation	16.7%	28.00	24.00	23.00	23.00	20.00
Cashflow From Investing	-5.5%	-3,554	-3,370	-3,340	-3,320	-3,419
Cashflow From Financing	8.4%	1,266	1,168	1,307	1,117	1,317
Dividend Payments	2.1%	623	610	599	588	577

Risks for AEE

What is the probability of a big loss on AEE?

32.3%

Probability that Ameren stock will be more than 20% underwater in next one year

Probability that Ameren stock will be more than 30% underwater in next one year.

Probability that Ameren stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AEE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Ameren was unfortunately bought at previous high price.

Drawdowns

Returns for AEE

Cumulative Returns on AEE

12.5%

10-Year Cumulative Returns

10.8%

7-Year Cumulative Returns

9.4%

5-Year Cumulative Returns

7.3%

3-Year Cumulative Returns

What are the long-term rolling returns for AEE?

FIve years rolling returns for Ameren.

Annualized Returns

Which funds bought or sold AEE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-24	Old North State Trust, LLC	unchanged	-	-1,000	35,000	0.02%
2023-05-23	Brookfield Corp /ON/	added	0.48	-2,883,970	118,534,000	0.45%
2023-05-23	Toroso Investments, LLC	added	111	286,000	558,000	0.01%
2023-05-22	PUTNAM INVESTMENTS LLC	added	133	241,320,000	431,131,000	0.69%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-3.77	-38,860,700	558,172,000	0.18%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-4.88	-1,658,000	20,206,000	0.03%
2023-05-18	JPMORGAN CHASE & CO	added	1.18	-9,270,340	536,784,000	0.06%
2023-05-17	Sunbelt Securities, Inc.	new	-	1,124	1,124	-%
2023-05-17	B. Riley Wealth Advisors, Inc.	reduced	-37.24	-138,566	216,494	0.01%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	unchanged	-	4,458,700	47,367,700	0.49%

Latest Funds Activity

Are funds buying AEE calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AEE

No. of Funds

Ameren News

Schedule 13G FIlings of Ameren

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	6.6%	17,091,083	SC 13G/A
Feb 09, 2023	vanguard group inc	12.15%	31,388,213	SC 13G/A
Feb 06, 2023	state street corp	5.44%	14,061,465	SC 13G/A
Feb 06, 2023	blackrock inc.	7.3%	18,911,956	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	10.5%	26,888,367	SC 13G/A
Feb 10, 2022	state street corp	5.04%	12,883,724	SC 13G/A
Feb 09, 2022	vanguard group inc	11.47%	29,297,102	SC 13G/A
Feb 07, 2022	blackrock inc.	8.1%	20,753,783	SC 13G/A
Feb 16, 2021	price t rowe associates inc /md/	12.9%	31,884,843	SC 13G/A
Feb 10, 2021	vanguard group inc	11.38%	28,074,672	SC 13G/A

AEE Fair Value

Ameren fair value in different scenarios

The table shows the Fair Value estimates for Ameren for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	47.14 -41.64%	56.55 -29.99%	82.62 2.29%	102.34 26.71%	149.51 85.11%
Current Inflation	44.17 -45.31%	52.68 -34.78%	73.76 -8.68%	90.28 11.77%	129.53 60.37%
Very High Inflation	40.38 -50.01%	47.80 -40.82%	63.22 -21.73%	76.17 -5.70%	106.63 32.02%

Historical Ameren Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Ameren

View All Filings

Date Filed	Form Type	Document
May 18, 2023	S-3ASR	S-3ASR
May 12, 2023	8-K	Current Report
May 10, 2023	4	Insider Trading
May 05, 2023	10-Q	Quarterly Report
May 04, 2023	8-K	Current Report
Apr 07, 2023	8-K	Current Report
Apr 05, 2023	4	Insider Trading
Mar 29, 2023	PX14A6G	PX14A6G
Mar 28, 2023	ARS	ARS
Mar 28, 2023	DEF 14A	DEF 14A

Latest Insider Trading transactions for AEE

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-09	Schukar Shawn E	gifted	-	-	-673	-
2023-04-01	Amirthalingam Bhavani	acquired	-	-	1,079	-
2023-03-13	Diya Fadi M	sold	-422,050	84.41	-5,000	-
2023-03-13	BRUNE CATHERINE S	gifted	-	-	-722	-
2023-03-09	Nwamu Chonda J	sold	-305,244	83.4	-3,660	evp, gc & secretary
2023-03-02	Lindgren Mark C	sold	-254,125	81.19	-3,130	-
2023-03-02	BAXTER WARNER L	sold	-4,076,830	81.8329	-49,819	executive chairman
2023-03-01	Schukar Shawn E	sold	-345,996	81.43	-4,249	-
2023-03-01	LYONS MARTIN J	sold	-1,150,040	81.1086	-14,179	president & ceo
2023-03-01	Nwamu Chonda J	gifted	-	-	-250	evp, gc & secretary

About Ameren

Martin J. Lyons

www.ameren.com

9120

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

AEE Income Statement

2023-03-31

Consolidated Statement of Income (Loss) and Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Operating Revenues:
Total operating revenues	$ 2,062	$ 1,879
Operating Expenses:
Fuel	113	176
Purchased power	495	177
Natural gas purchased for resale	208	293
Other operations and maintenance	448	461
Depreciation and amortization	320	299
Taxes other than income taxes	127	142
Total operating expenses	1,711	1,548
Operating Income	351	331
Other Income, Net	78	60
Interest Charges	127	104
Income Before Income Taxes	302	287
Income Taxes	37	34
Net Income	265	253
Less: Net Income Attributable to Noncontrolling Interests	1	1
Net Income Attributable to Ameren Common Shareholders	264	252
Pension and other postretirement benefit plan activity, net of income taxes (benefit)	(1)	1
Comprehensive Income	264	254
Less: Comprehensive Income Attributable to Noncontrolling Interests	1	1
Comprehensive Income Attributable to Ameren Common Shareholders	$ 263	$ 253
Earnings Per Share, Basic and Diluted [Abstract]
Earnings per Common Share – Basic	$ 1.01	$ 0.98
Earnings per Common Share – Diluted	$ 1.00	$ 0.97
Weighted-average Common Shares Outstanding – Basic	262.2	257.9
Weighted-average Common Shares Outstanding – Diluted	263.1	259.0
Electric
Operating Revenues:
Total operating revenues	$ 1,590	$ 1,318
Natural gas
Operating Revenues:
Total operating revenues	472	561
Union Electric Company
Operating Revenues:
Total operating revenues	923	818
Operating Expenses:
Fuel	113	176
Purchased power	208	50
Natural gas purchased for resale	47	46
Other operations and maintenance	239	232
Depreciation and amortization	176	164
Taxes other than income taxes	80	85
Total operating expenses	863	753
Operating Income	60	65
Other Income, Net	19	23
Interest Charges	51	39
Income Before Income Taxes	28	49
Income Taxes	(1)	(2)
Net Income	29	51
Preferred Stock Dividends	1	1
Net Income Attributable to Parent	28	50
Union Electric Company \| Electric
Operating Revenues:
Total operating revenues	841	738
Union Electric Company \| Natural gas
Operating Revenues:
Total operating revenues	82	80
Ameren Illinois Company
Operating Revenues:
Total operating revenues	1,101	1,024
Operating Expenses:
Purchased power	287	131
Natural gas purchased for resale	161	247
Other operations and maintenance	202	223
Depreciation and amortization	133	124
Taxes other than income taxes	42	53
Total operating expenses	825	778
Operating Income	276	246
Other Income, Net	37	24
Interest Charges	47	42
Income Before Income Taxes	266	228
Income Taxes	68	59
Net Income	198	169
Net Income Attributable to Parent	198	169
Ameren Illinois Company \| Electric
Operating Revenues:
Total operating revenues	710	543
Ameren Illinois Company \| Natural gas
Operating Revenues:
Total operating revenues	$ 391	$ 481

AEE Balance Sheet

2023-03-31

Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 10	$ 10
Accounts receivable - trade (less allowance for doubtful accounts)	625	600
Unbilled revenue	299	446
Miscellaneous accounts receivable	62	54
Inventories	630	667
Current regulatory assets	292	354
Current collateral assets	29	142
Other current assets	115	155
Total current assets	2,062	2,668
Property, Plant, and Equipment, Net	31,735	31,262
Investments and Other Assets:
Nuclear decommissioning trust fund	1,019	958
Goodwill	411	411
Regulatory assets	1,599	1,426
Pension and other postretirement benefits	423	411
Other assets	815	768
Total investments and other assets	4,267	3,974
TOTAL ASSETS	38,064	37,904
Current Liabilities:
Current maturities of long-term debt	100	340
Short-term debt	1,248	1,070
Accounts and wages payable	664	1,159
Other current liabilities	745	797
Total current liabilities	2,757	3,366
Long-term Debt, Net	14,181	13,685
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and tax credits, net	3,856	3,804
Regulatory liabilities	5,395	5,309
Asset retirement obligations	769	763
Other deferred credits and liabilities	370	340
Total deferred credits and other liabilities	10,390	10,216
Commitments and Contingencies
Shareholders’ Equity:
Common Stock	3	3
Other paid-in capital, principally premium on common stock	6,861	6,860
Retained earnings	3,745	3,646
Accumulated other comprehensive loss	(2)	(1)
Total shareholders’ equity	10,607	10,508
Noncontrolling Interests	129	129
Total equity	10,736	10,637
TOTAL LIABILITIES AND EQUITY	38,064	37,904
Investments in industrial development revenue bonds	0	240
Union Electric Company
Current Assets:
Cash and cash equivalents	3	0
Accounts receivable - trade (less allowance for doubtful accounts)	205	244
Accounts receivable – affiliates	70	51
Unbilled revenue	148	184
Miscellaneous accounts receivable	18	18
Inventories	475	434
Current regulatory assets	194	254
Current collateral assets	29	101
Other current assets	40	66
Total current assets	1,182	1,592
Property, Plant, and Equipment, Net	16,326	16,124
Investments and Other Assets:
Nuclear decommissioning trust fund	1,019	958
Regulatory assets	628	594
Pension and other postretirement benefits	102	98
Other assets	136	140
Total investments and other assets	1,885	1,790
TOTAL ASSETS	19,393	19,506
Current Liabilities:
Current maturities of long-term debt	0	240
Short-term debt	197	329
Accounts and wages payable	294	606
Accounts payable – affiliates	36	43
Taxes accrued	76	29
Interest accrued	50	63
Other current liabilities	187	260
Total current liabilities	840	1,570
Long-term Debt, Net	6,341	5,846
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and tax credits, net	2,003	1,982
Regulatory liabilities	2,934	2,871
Asset retirement obligations	765	759
Other deferred credits and liabilities	55	51
Total deferred credits and other liabilities	5,757	5,663
Commitments and Contingencies
Shareholders’ Equity:
Common Stock	511	511
Other paid-in capital, principally premium on common stock	2,725	2,725
Preferred stock	80	80
Retained earnings	3,139	3,111
Total shareholders’ equity	6,455	6,427
TOTAL LIABILITIES AND EQUITY	19,393	19,506
Investments in industrial development revenue bonds	0	240
Ameren Illinois Company
Current Assets:
Cash and cash equivalents	0	0
Accounts receivable - trade (less allowance for doubtful accounts)	406	341
Accounts receivable – affiliates	14	12
Unbilled revenue	151	262
Miscellaneous accounts receivable	32	23
Inventories	155	233
Current regulatory assets	89	87
Other current assets	36	98
Total current assets	883	1,056
Property, Plant, and Equipment, Net	13,602	13,353
Investments and Other Assets:
Goodwill	411	411
Regulatory assets	954	821
Pension and other postretirement benefits	324	318
Other assets	510	482
Total investments and other assets	2,199	2,032
TOTAL ASSETS	16,684	16,441
Current Liabilities:
Current maturities of long-term debt	100	100
Short-term debt	324	264
Accounts and wages payable	304	451
Accounts payable – affiliates	117	93
Other current liabilities	398	383
Total current liabilities	1,243	1,291
Long-term Debt, Net	4,736	4,735
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and tax credits, net	1,744	1,699
Regulatory liabilities	2,334	2,313
Other deferred credits and liabilities	261	235
Total deferred credits and other liabilities	4,339	4,247
Commitments and Contingencies
Shareholders’ Equity:
Common Stock	0	0
Other paid-in capital, principally premium on common stock	2,929	2,929
Preferred stock	49	49
Retained earnings	3,388	3,190
Total shareholders’ equity	6,366	6,168
TOTAL LIABILITIES AND EQUITY	$ 16,684	$ 16,441