Ameren Stock Price, News & Analysis

Ameren Corporation (NYSE: AEE) has declared a quarterly cash dividend of 59 cents per share, representing a 7.3% increase from the previous dividend of 55 cents. This marks the ninth consecutive year of dividend growth, leading to an annualized rate of $2.36 per share. The dividend is payable on March 31, 2022, to shareholders of record as of March 9, 2022. CEO Martin J. Lyons, Jr. expressed confidence in Ameren's long-term sustainable growth strategy, anticipating future dividend growth aligned with earnings-per-share growth expectations.

Ameren Illinois has received approval from the Illinois Commerce Commission to proceed with the Logan County Connector Project, a significant step towards enhancing energy reliability for customers. The project involves the construction of a 9-mile, 138,000-volt transmission line and is estimated to cost over $24 million. Construction is slated to start in fall 2022 with an expected completion date of December 2023. This initiative is aligned with Ameren's goals to improve infrastructure and support growth in the Lincoln and Logan County area.

Ameren Transmission Company of Illinois (ATXI), a subsidiary of Ameren Corporation (NYSE: AEE), has received approval from the Missouri Public Service Commission (PSC) for its Limestone Ridge Project. This initiative includes the construction of a 15-mile, 138,000-volt transmission line and substation in southeast Missouri, connecting substations in Perry and Cape Girardeau counties. The project aims to enhance energy reliability and economic growth in the region, with an investment of $40 million and a proposed completion date of December 2023.

Ameren Corp. (NYSE:AEE) will hold a conference call on February 18, 2022, at 9 a.m. Central Time to discuss its fourth quarter 2021 earnings and guidance. The call will feature executives including Warner L. Baxter, Martin J. Lyons Jr., and Michael L. Moehn, and will be streamed live on AmerenInvestors.com. Supporting materials will be available in the "Investor News and Events" section. The event aims to provide insights into Ameren's operations serving over 2.4 million electric and 900,000 natural gas customers.

Ameren Corporation (NYSE: AEE) announced the promotion of Mark Birk to chairman and president of Ameren Missouri effective January 1, 2022. He succeeds Marty Lyons, who will become Ameren's CEO on the same date. Birk, a 35-year veteran of the company, previously served as senior vice president for customer and power operations. Throughout his career, he has held numerous leadership roles focusing on operational excellence and customer service for over 1 million customers in Missouri.

Ameren Corporation (NYSE: AEE) has announced the public offering of $500 million in senior notes at a 1.95% interest rate, due in 2027. The offering is priced at 99.981% of its principal amount and is set to close on November 18, 2021, pending customary conditions. The net proceeds will be utilized for general corporate purposes, primarily to repay short-term debt. Joint book-running managers for the offering include Goldman Sachs, Mizuho Securities, Morgan Stanley, and TD Securities.

Ameren Corporation (NYSE: AEE) reported a strong third quarter 2021 net income of $425 million, or $1.65 per diluted share, up from $367 million, or $1.47 per diluted share in Q3 2020. The growth stems from increased infrastructure investments and improved electric retail sales, benefiting from economic recovery and warmer summer temperatures. The company also raised its full-year earnings guidance to $3.75 to $3.95 per share, reflecting ongoing strategic execution. For the first nine months of 2021, net income reached $865 million, or $3.36 per diluted share, compared to $756 million, or $3.04 per diluted share in the same period last year.