Ameren Corp.

Ameren Corp.

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Market Cap$30.17B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Ameren Corp.Ameren Corp.19.82.68%11%3.40.1

Earnings Call Q1 2026

May 6, 2026 - AI Summary

Earnings beat + reaffirmed guidance (good momentum) - Q1 2026 EPS: $1.28 vs $1.07 in Q1 2025 (+$0.21 YoY). - Drivers: higher infrastructure investment across operating segments supporting long-term benefits; partial offset from warmer winter in Ameren Missouri (see below). - Full-year outlook: reaffirmed 2026 EPS guidance of $5.25–$5.45 (expects continued disciplined execution).
CapEx/infrastructure is the core engine for reliability + growth (major investment theme) - > $1.5B infrastructure investments in Q1 2026 to maintain/improve service quality and reduce outages during severe weather. - Reliability outcomes cited: - Winter storm Fern (January): strong performance from Ameren’s generation fleet. - Ameren Missouri (March): avoided 4.3 million outage minutes for ~20,000 customers. - Late April storms: automation avoided 43,000 outages and 12 million outage minutes each over two days (customer impact reduced by ~half overall). - Also advancing generation availability/peak capacity (e.g., Audrain Energy Center adds up to 700 MW on the coldest days; Labadie boiler enhancements to reduce outage frequency/length).
Large-load / data center expansion: progress on ESAs, but ramp timing is the swing factor (opportunity + risk) - Missouri: 3.4 GW of construction agreements; 2.2 GW converted to ESAs (signed in February). - Management expects public announcements / groundbreakings and construction to begin in Q2 for the ESA cohort. - Remaining 1.2 GW in construction agreements: optimistic about additional ESA conversions in the near term. - Illinois: 850 MW of construction agreements. - Broader pipeline: management referenced “several gigawatts” in each state at engineering-study maturity beyond announced/construction-stage deals. - Upside mechanism: if data center ramp/sales grow faster than the plan assumption (plan built around ~1.2 GW by 2030, mentioned as ~6.2% sales CAGR), it can create upside in sales/earnings and require generation acceleration.

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$119.36

Target Price by Analysts

9.5% upsideAmeren Target Price DetailsTarget Price
$-71.16

Current Fair Value

165.3% downside

Overvalued by 165.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$30.17 Billion
Enterprise Value$31.51 Billion
Dividend Yield$2.92 (2.68%)
Earnings per Share$5.38
Beta0.49
Outstanding Shares276,500,000

Return

Return on Equity11.24%ROE
Return on Assets3.06%
Return on Invested Capital5.03%

Valuation & Multiples

P/E Ratio19.78P/E Ratio
PEG84.05PEG
Price to Sales3.41Price to Sales
Price to Book Ratio2.22Price to Book Ratio
Enterprise Value to Revenue3.55
Enterprise Value to EBIT13.7
Enterprise Value to Net Income20
Total Debt to Enterprise0.04
Debt to Equity0.1Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$1.17
Average shareholder expectation
Revenue Estimate
$2.24 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$1.05
Average shareholder expectation
Revenue Estimate
$2.27 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.1731 273.72%
Total Calls106,900 5.06%
Total Puts18,500 94.35%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %86.16% 0.76%
Total Invested$25.67B 10.88%
Investors Holding928 41.00%

ESG Score

No data

About Ameren Corp.

8,615 employees
CEO: Warner Baxter

St. Louis-based Ameren Corporation powers the quality of life for 2.4 million electric customers and more than 900,000 natural gas customers in a 64,000-square-mile area through its Ameren Missouri and Ameren Illinois rate-regulated util...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides critical analysis and revenue estimates for all tax legislation. Its work directly shapes the tax policies that profoundly affect Ameren's financial planning, capital investments, and overall tax burden.

Finance

This is a highly influential committee controlling taxation and trade. Its decisions on corporate tax policy directly impact Ameren's profitability, investment incentives, and overall financial structure.

Appropriations

This committee allocates federal spending. Its subcommittees can direct funding towards energy infrastructure, research, and environmental projects that directly affect Ameren's opportunities and regulatory environment.

Banking, Housing, and Urban Affairs

Utilities require significant capital investment, so this committee's regulation of the financial system, including interest rates and capital markets, directly impacts Ameren's financing costs. Housing and urban development also drive utility demand.

Energy and Natural Resources

This committee has direct oversight of national energy policy, the Department of Energy, and regulations impacting oil, natural gas, and renewable energy. These areas are central to Ameren's business model.

Environment and Public Works

This committee directly regulates the EPA and infrastructure programs. Ameren's electric generation, transmission, and distribution services are heavily impacted by environmental regulations and federal infrastructure spending.