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Ameren Corporation - AEE STOCK NEWS

Welcome to our dedicated page for Ameren Corporation news (Ticker: AEE), a resource for investors and traders seeking the latest updates and insights on Ameren Corporation stock.

Ameren Corporation (NYSE: AEE), headquartered in St. Louis, Missouri, is a Fortune 500 company that enhances the quality of life for millions of people throughout Illinois and Missouri. Ameren Illinois provides electric distribution and transmission services, as well as natural gas distribution services, while Ameren Missouri delivers vertically integrated electric services, boasting a generating capacity of over 10,200 megawatts, and natural gas distribution services. Together, they serve 2.4 million electric and over 900,000 natural gas customers across an expansive 64,000 square-mile area.

Ameren's core operations include owning rate-regulated generation, transmission, and distribution networks that deliver electricity and natural gas. They are the largest electric utility in Missouri and the second largest in Illinois, and rank among the nation’s largest investor-owned electric or gas utilities. Ameren’s infrastructure investments and strategic initiatives consistently aim to modernize the grid, integrate renewable energy, and enhance reliability and customer service.

Recent milestones include the pricing of $350 million aggregate principal amount of 5.25% first mortgage bonds due 2054 by Ameren Missouri to fund capital expenditures and refinance short-term debt. Ameren Missouri also announced future plans to allocate $205 million in rebates and incentives as part of their energy efficiency initiatives, aimed at making energy usage more efficient and cost-effective for customers.

Ameren is continually focused on financial growth and sustainability. The company reported 2023 diluted earnings per share (EPS) of $4.38, with a 2024 guidance range established at $4.52 to $4.72 per diluted share. Ameren aims to achieve a compound annual growth rate in EPS of 6% to 8% from 2024 through 2028. Their sustainability efforts are underscored by a commitment to a cleaner energy future, as highlighted in their 2024 Sustainability Report.

Ameren’s strategic grid modernization includes the development of an $800 million Castle Bluff Energy Center to bolster energy reliability, and the approval to build approximately 400 MW of solar energy capacity to enhance renewable energy generation. Their investments in advanced technologies and infrastructure are designed to ensure reliable, safe, affordable, and cleaner energy for their customers.

Ameren remains dedicated to corporate responsibility, evidenced by their recognition as a 2024 Tree Line USA utility for their urban forest management efforts. This commitment to the environment, combined with consistent financial performance and strategic growth initiatives, positions Ameren Corporation as a leader in the energy sector.

News

Ameren Missouri Announces Pricing of First Mortgage Bonds due 2034

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Ameren Missouri, a subsidiary of Ameren (NYSE: AEE), announced a public offering of $500 million aggregate principal amount of 5.20% first mortgage bonds due 2034. The offering, priced at 99.685% of their principal amount, is expected to close on Apr. 4, 2024. Ameren Missouri plans to use the net proceeds to refinance short-term debt and fund capital expenditures.
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Ameren Missouri receives approval for largest-ever solar investment

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Ameren Missouri, a subsidiary of Ameren (NYSE: AEE), has received approval to build or acquire approximately 400 megawatts of solar energy, capable of powering 73,000 homes. The projects include three solar facilities with in-service dates starting in 2025, aiming to provide reliable, resilient, and affordable energy to customers. Ameren Missouri's strategy focuses on meeting long-term reliability needs, utilizing tax credits to reduce costs for customers, and supporting businesses through the Renewable Solutions Program. The company aims to achieve net-zero carbon emissions by 2045, with interim targets set for 2030 and 2040.
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Ameren Missouri customers benefit from investments in stronger, smarter grid

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In 2023, customers benefit from reduced outages by over 31 million minutes due to enhanced poles, automated switching, and grid improvements.
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Ameren Announces 2023 Results and Issues Guidance for 2024 Earnings and Long-Term Growth

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Ameren Corporation (NYSE: AEE) reported 2023 net income of $1,152 million, with diluted EPS of $4.38, up from $4.14 in 2022. The company set its 2024 Diluted EPS Guidance at $4.52 to $4.72, with a 6% to 8% compound annual growth rate through 2028. The earnings growth was driven by infrastructure investments and operational performance.
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Ameren Corporation increases quarterly cash dividend by 6.3 percent, marking eleven consecutive years of growth

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Ameren Corporation (NYSE: AEE) increases its quarterly cash dividend by 6.3% to 67 cents per share, resulting in an annualized equivalent rate of $2.68 per share. The company's sustainable growth strategy and confidence in future investments are highlighted, with a focus on modernizing the grid and transitioning to cleaner energy sources.
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Ameren Missouri aims to save customers money through multiyear plan

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Ameren Missouri has filed an amended plan with the Missouri Public Service Commission to provide $205 million in total rebates and incentives for residential and business customers over the next three years. The proposal includes $70 million in expanded programs for income-eligible customers and social service agencies. The plan focuses on energy efficiency, customer education, and expanding programs to provide energy savings for underserved communities. The proposal aims to save 820,000 megawatt-hours of electricity, equal to the annual energy consumption of 67,000 average-sized Missouri homes. The plan also includes income-eligible initiatives such as a multifamily program, a single-family program, and a business social services program, as well as a residential demand response program incentivizing participants with smart thermostats to reduce energy usage during peak consumption times on the Ameren Missouri system.
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Ameren Corporation Fourth Quarter 2023 Earnings Webcast Feb. 23, 2024

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Ameren Corp. (NYSE: AEE) will discuss fourth quarter 2023 earnings and earnings guidance in a conference call with financial analysts on Feb. 23. The call will be broadcast live on AmerenInvestors.com, with supporting materials available on the website. Ameren powers 2.4 million electric customers and 900,000 natural gas customers in a 64,000-square-mile area through its subsidiaries Ameren Missouri and Ameren Illinois.
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Ameren Missouri Announces Pricing of First Mortgage Bonds due 2054

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Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), announced the pricing of a public offering of $350 million aggregate principal amount of 5.25% first mortgage bonds due 2054 at 99.267% of their principal amount. The transaction is expected to close on Jan. 9, 2024. The net proceeds of the offering will be used to fund capital expenditures and/or refinance short-term debt. BofA Securities, Inc., RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc. and Truist Securities, Inc. are acting as joint book-running managers for the offering.
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Ameren issues updated climate strategy report, including actions toward a just and equitable energy transition

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Ameren Corporation (NYSE: AEE) publishes its latest climate report, outlining its commitment to net-zero carbon emissions by 2045 and detailing risk management measures to mitigate climate-related business risks.
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Ameren Announces Pricing of Senior Notes due 2029

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Ameren Corporation (NYSE: AEE) announced the pricing of a public offering of $700 million aggregate principal amount of its 5.00% senior notes due 2029 at 99.774% of their principal amount. The transaction is expected to close on December 21, 2023, and the net proceeds will be used for general corporate purposes, including the repayment of short-term debt.
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FAQ

What is the current stock price of Ameren Corporation (AEE)?

The current stock price of Ameren Corporation (AEE) is $91.22 as of November 15, 2024.

What is the market cap of Ameren Corporation (AEE)?

The market cap of Ameren Corporation (AEE) is approximately 24.3B.

What does Ameren Corporation do?

Ameren Corporation provides electric distribution, transmission, and natural gas services across Illinois and Missouri through its subsidiaries Ameren Illinois and Ameren Missouri.

How many customers does Ameren serve?

Ameren serves approximately 2.4 million electric customers and over 900,000 natural gas customers within a 64,000 square-mile area.

What recent financial achievement has Ameren Missouri announced?

Ameren Missouri announced the pricing of $350 million aggregate principal amount of 5.25% first mortgage bonds due 2054 to fund capital expenditures and refinance short-term debt.

What is the purpose of Ameren Missouri's $205 million energy efficiency initiative?

The initiative aims to provide rebates and incentives to help customers use energy more efficiently, reduce costs, and support underserved communities.

What are Ameren's earnings expectations for 2024?

Ameren's 2024 diluted earnings per share (EPS) guidance range is $4.52 to $4.72, with a projected growth rate of 6% to 8% annually from 2024 through 2028.

How is Ameren investing in renewable energy?

Ameren is investing in solar energy projects totaling approximately 400 MW, with the first project set to go into service in 2025, and additional projects in 2026.

What is the Castle Bluff Energy Center?

The Castle Bluff Energy Center is an $800 million simple-cycle natural gas energy center designed to provide reliable backup energy, scheduled to begin construction in 2026.

What sustainability recognition has Ameren received?

Ameren has been recognized as a 2024 Tree Line USA utility by the Arbor Day Foundation for its commitment to urban forest management.

What is Ameren's long-term sustainability goal?

Ameren aims to achieve net-zero carbon emissions by 2045, with interim targets of a 60% reduction by 2030 and an 85% reduction by 2040, based on 2005 levels.

Where can I find Ameren's 2024 Sustainability Report?

Ameren's 2024 Sustainability Report is available at AmerenInvestors.com under the 'Sustainability' section.

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Ameren Corporation

NYSE:AEE

AEE Rankings

#465 Ranked by Market Cap
#1066 Ranked by Dividends

AEE Stock Data

24.34B
266.67M
0.28%
81.47%
1.17%
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