Ameren Corporation (AEE) Stock Price & Analysis
Ameren Corporation (AEE) closed at USD 108.94 on Thursday, October 22, 2026, up 2.31% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 106.48; the Oct 22, 2026 session ranged USD 106.94–109.14 on volume of 1,610,088 shares. Market capitalization is $30.16B, with a 52-week range of USD 96.57–118.32 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AEE.md
Key facts (AEE)
- Last four reported quarters (through Jun 30, 2026): revenue $8.75B, net income $1.57B (17.9% margin), free cash flow -$1.40B (SEC filings).
- Valuation: P/E 19.2x (avg 18.4x at the last 3 fiscal year-ends), EV/EBITDA 13.2x, net debt $20.6B.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $1.8M; 2 not under a Rule 10b5-1 plan ($133K); 1 by opportunistic insiders (1 outside 10b5-1 plans), 2 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.37 on a 1–5 scale) (19 analysts), mean target USD 114.62 (range 104–126).
- Total return with dividends: 1Y +7.4% vs S&P 500 +14.9%; 5Y +48.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 2.29, revenue estimate $2.83B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AEE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.39B | $7.96B | $7.50B | $7.62B | $8.80B | $8.75B |
| Operating income | $1.33B | $1.51B | $1.56B | $1.52B | $2.03B | $2.18B |
| Net income | $995M | $1.08B | $1.16B | $1.19B | $1.46B | $1.57B |
| EPS (diluted) | $3.84 | $4.14 | $4.38 | $4.42 | $5.35 | — |
| Free cash flow | -$1.82B | -$1.09B | -$1.03B | -$1.56B | -$775M | -$1.40B |
| Operating margin | 20.8% | 19.0% | 20.8% | 19.9% | 23.0% | 24.9% |
| Net margin | 15.6% | 13.6% | 15.4% | 15.6% | 16.6% | 17.9% |
| Revenue growth | +10.4% | +24.4% | -5.7% | +1.6% | +15.4% | — |
| Cash + short-term investments | $8.0M | $10.0M | $25.0M | $7.0M | $13.0M | — |
| Total debt | $13.2B | $14.1B | $16.1B | $17.8B | $19.4B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AEE)
P/E 19.2x · P/S 3.5x · EV/EBITDA 13.2x · EV/Sales 5.8x · P/B 2.2x · FCF yield -4.64% · Earnings yield 5.20% · Dividend yield (paid, TTM) 2.65% · Net debt $20.6B · EV $50.7B
P/E at fiscal year-ends: Dec 2025 18.6x, Dec 2024 20.1x, Dec 2023 16.5x.
Insider sales (SEC Form 4, open-market, last ~7 months) (AEE)
4 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-11 | Flores Rafael | Director | 248 | $26K | 1.8% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-18…2026-08-20 | Martin Ryan J | SVP Finance | 971 | $107K | 3.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-14 | Shaw Theresa A | SVP and CATO | 325 | $35K | 1% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-03 | Moehn Michael L | Group President, Utilities | 6,500 | $708K | 3.1% | Yes | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-05-12…2026-05-14 | Shaw Theresa A | SVP and CATO | 1,825 | $199K | 5.2% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-01 | Moehn Michael L | Group President, Utilities | 6,500 | $739K | 3% | Yes | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (AEE)
Consensus Buy (mean 2.37 on a 1–5 scale), 19 analysts; mean target USD 114.62 (low 104, high 126).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | TD Cowen | Initiated | Hold | $114 |
| 2026-10-21 | Morgan Stanley | Target raised | Equal-Weight | $108 → $109 |
| 2026-10-20 | BMO Capital | Target lowered | Outperform | $119 → $113 |
| 2026-10-19 | Barclays | Target lowered | Equal-Weight | $117 → $109 |
| 2026-10-14 | Truist Securities | Target lowered | Buy | $120 → $116 |
| 2026-10-13 | Keybanc | Target raised | Overweight | $116 → $122 |
| 2026-09-30 | Mizuho | Target lowered | Outperform | $124 → $113 |
| 2026-09-29 | Scotiabank | Initiated | Sector Perform | $104 |
| 2026-09-25 | RBC Capital | Target lowered | Sector Perform | $114 → $107 |
| 2026-09-18 | Morgan Stanley | Target lowered | Equal-Weight | $114 → $108 |
| 2026-08-21 | Morgan Stanley | Target lowered | Equal-Weight | $118 → $114 |
| 2026-08-17 | Truist Securities | Target lowered | Buy | $124 → $120 |
Total return (dividends reinvested) (AEE)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +7.4% | +48.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +7.4% | +8.1% |
| Volatility (annualized) | 17.7% | 19.4% |
| Max drawdown | -15.6% (Jun 2026→Sep 2026) | -26.2% (Aug 2022→Feb 2024) |
AEE revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Union Electric Company | $1.12B | 53.7% | -16.1% |
| Ameren Illinois Electric Distribution | $629.0M | 30.1% | +9.8% |
| Ameren Transmission | $229.0M | 10.9% | +10.1% |
| Ameren Illinois Natural Gas | $176.0M | 8.4% | +11.4% |
| Total revenue | $2.09B | 100% | — |
AEE revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Electric | $1.09B | 52.3% | -16.8% |
| Natural gas | $30.0M | 1.4% | +20.0% |
| Total revenue | $2.09B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
AEE suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Missouri | “•our ability to realize and support forecasted energy demand and capacity from new and potential new customers, including demand growth dependent on the addition of new data centers and other large primary service customers within our service territories, such as the large load customers that signed electric service agreements with Ameren Missouri in February 2026;” |
| Customer | Illinois | “•the impact of current environmental laws or their interpretation and new, more stringent, or changing requirements and environmental policies, including those related to NSR, CO2, NOx, SO2, and other emissions and discharges, Illinois emission standards, cooling water intake structures, CCR, energy efficiency, and wildlife protection, that could limit, terminate or otherwise modify the operation of certain of Ame…” |
Quoted from the company's 10-K filed Feb 18, 2026.
AEE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.29 | $2.34 | -2.0% | $2.83B | 4 |
| Next quarter (ends Dec 2026) | $0.73 | $0.69 | +5.5% | $1.96B | 5 |
| Current fiscal year (ends Dec 2026) | $5.39 | $5.38 | +0.2% | $9.11B | 8 |
| Next fiscal year (ends Dec 2027) | $5.81 | $5.84 | -0.5% | $9.69B | 7 |
AEE options: expected move
Options price a move of about ±4.6% (±$5.00) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±1.4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 20.1% | ±4.6% |
| Dec 18, 2026 | 56 | 18.6% | ±6.1% |
| Mar 19, 2027 | 147 | 18.9% | ±9.7% |
| Jun 17, 2027 | 237 | 19.3% | ±12.4% |
30-day implied volatility 18.2% vs 17.7% realized over the last 30 trading days. Put/call ratio (volume) 0.09. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 108.94 |
|---|---|
| Change | ▲ 2.31% (up) |
| Previous Close | USD 106.48 |
| Open | USD 106.98 |
| Day Range | USD 106.94 – 109.14 |
| 52-Week Range | USD 96.57 – 118.32 |
| Volume | 1,610,088 shares |
| Market Cap | $30.16B |
| Exchange | NYQ |
Technical Analysis (AEE)
Nexqual's technical model rates AEE "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 66.96 (neutral) |
| vs SMA50 | Above (USD 104.43) |
| MACD | 0.91 (positive) |
Analyst Ratings (AEE)
Wall Street analysts rate AEE "Buy" based on 19 analysts, with a mean price target of USD 114.62 (range USD 104–126), per Nexqual as of October 23, 2026 at 09:21 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 19 |
| Mean Target | USD 114.62 |
| High Target | USD 126 |
| Low Target | USD 104 |
| Buy / Hold / Sell | 11 / 8 / 0 |
Earnings (AEE)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 2.29 |
| Revenue Estimate | $2.83B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.13 vs est 1.08 ▲ beat |
| 2026-03-31 | USD 1.28 vs est 1.17 ▲ beat |
| 2025-12-31 | USD 0.92 vs est 0.69 ▲ beat |
| 2025-09-30 | USD 2.35 vs est 2.12 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (AEE)
| Total Revenue | $8.41B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -6.20% |
| Gross Margin | +52.41% |
| Operating Margin | +25.24% |
| Profit Margin | +18.58% |
| ROE | +11.94% |
| Debt / Equity | 1.58 |
| Current Ratio | 0.53 |
| Total Cash | $12.00M |
| Total Debt | $21.81B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$1.40B (-16.0% of revenue) |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financial Health Score (AEE)
Nexqual rates Ameren Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:21 UTC.
| Growth | Strong — Revenue +15% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 52%, operating 25% (last 12 months) |
| Balance Sheet | Critical — $12M cash and investments vs $20.6B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$1.40B (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Mixed — ROE 12%, ROA 3.1% |
Ownership (AEE)
| Insider Ownership | +0.32% |
|---|---|
| Institutional Ownership | +90.40% |
| Shares Outstanding | 276.84M |
| Float | 275.09M |
| Short % of Float | +5.84% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Leadership (AEE)
Ameren Corporation is led by Martin J. Lyons, President, CEO & Chairman of the Board, per Nexqual as of October 23, 2026 at 09:21 UTC.
| President, CEO & Chairman of the Board | Martin J. Lyons |
|---|---|
| Executive VP & CFO | Leonard P. Singh |
| Group President, Ameren Utilities | Michael L. Moehn |
| Chairman & President of Ameren Transmission Company of Illinois | Shawn E. Schukar |
| Senior Director of Investor Relations & Corporate Modeling | Andrew Kirk |
Major Backers & Investors (AEE)
Notable institutional backers of Ameren Corporation include Price (T.Rowe) Associates Inc, T. Rowe Price, Franklin Resources, Inc., according to Nexqual as of October 23, 2026 at 09:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Price (T.Rowe) Associates Inc | 7.45% |
| T. Rowe Price | 4.38% |
| Franklin Resources, Inc. | 2.2% |
| Ameriprise Financial, Inc. | 2.14% |
| Jupiter Topco LLC | 1.85% |
| SELECT SECTOR SPDR TRUST-State Street Utilities Select Sector SPDR ETF | 1.77% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 12.3% |
| BlackRock | 9.33% |
| State Street | 5.48% |
| Geode Capital | 2.82% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
From Ameren Corporation's Latest SEC 10-K Filing (filed 2026-02-18)
Legal & Regulatory Risks (Item 1A, quoted)
- The electric and natural gas rates that we are allowed to charge are determined through regulatory proceedings, which are subject to intervention and appeal. Rates are also subject to legislative actions, which are largely outside of our control. Certain events could prevent us from recovering our costs in a timely manner or at all, or from earning adequate returns on our investments.
- Environmental regulations impact the electric utility industry, and compliance obligations could be costly for Ameren Missouri, which operates coal-fired and natural gas-fired energy centers.
- We are subject to regulatory compliance and proceedings, which could result in increasing costs, regulatory penalties, and/or other sanctions.
- Our aging infrastructure may pose risks to system reliability and expose us to expedited or unplanned significant capital expenditures and operating costs.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| FTS | Fortis Inc. | USD 57.88 | ▲ 3.41% |
| DTE | DTE Energy Company | USD 133.06 | ▲ 2.63% |
| CNP | CenterPoint Energy, Inc (Holdin | USD 41.2 | ▲ 2.18% |
| FE | FirstEnergy Corp. | USD 46.49 | ▲ 2.15% |
| PPL | PPL Corporation | USD 35.35 | ▲ 2.23% |
| ES | Eversource Energy (D/B/A) | USD 67.84 | ▲ 3.41% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt