Ameren Stock Price, News & Analysis

On June 9, 2021, Ameren Missouri, a subsidiary of Ameren Corporation (AEE), announced the pricing of a public offering of $525 million in 2.15% first mortgage bonds due 2032, priced at 99.891% of their principal amount. The offering is set to close on June 22, 2021. Proceeds will be utilized to repay short-term debt and fund near-term capital projects, with additional allocations for sustainable initiatives. BofA Securities and other firms are the joint managers for this offering.

Ameren Corporation (AEE) reported Q1 2021 net income of $233 million, or $0.91 per diluted share, up from $146 million, or $0.59, in Q1 2020. Key drivers included increased infrastructure investments and higher retail sales due to near-normal winter temperatures. Cost management initiatives and changes in rate design also supported earnings growth. However, earnings at Ameren Transmission were negatively affected by a 2021 FERC order. The company reaffirmed its 2021 EPS guidance of $3.65 to $3.85, anticipating normal temperatures for the remainder of the year.

The board of directors of Ameren Corporation has declared a quarterly cash dividend of 55 cents per share on its common stock. This dividend is set to be paid on June 30, 2021, to shareholders on record as of June 9, 2021. Additionally, Union Electric Company and Ameren Illinois Company also declared regular quarterly dividends on their preferred stock, payable in August 2021. Ameren serves approximately 2.4 million electric customers and over 900,000 natural gas customers across its operating regions.

Ameren Corporation (NYSE: AEE) has been recognized for the fifth consecutive year as a Great Place to Work based on employee feedback, with 83% of employees affirming the company’s positive work environment. This certification reflects Ameren's commitment to maintaining a high-trust workplace culture, which reportedly enhances factors like employee retention and innovation. The company supports its workforce through various initiatives, especially during the pandemic, showcasing a commitment to employee well-being and diversity.

Ameren Corporation (NYSE:AEE) will hold a conference call on May 11, 2021, at 9 a.m. Central Time to discuss its first quarter earnings and guidance. The call will feature CEO Warner L. Baxter and CFO Michael L. Moehn. The event will be streamed live on AmerenInvestors.com, with a replay available for one year post-event. Ameren serves 2.4 million electric and over 900,000 natural gas customers across a 64,000-square-mile area.

Ameren Missouri filed requests with the Missouri Public Service Commission to adjust electric and natural gas base rates for 2022. The adjustment, if approved, would increase an average electric customer’s bill by about $12 monthly and natural gas by approximately $4, reflecting a 5.4% increase over five years. Despite recent increases, electric rates remain 8.3% lower than in 2017. The adjustments are aimed at enhancing system reliability, transitioning to cleaner energy, and supporting infrastructure upgrades. Ameren Missouri aims to keep rates below national averages while continuing significant investments.

Ameren Corporation (NYSE: AEE) announced the pricing of a public offering of $450 million in 1.75% senior notes due 2028, priced at 99.908% of their principal amount. The offering, expected to close on March 5, 2021, aims to leverage the net proceeds for general corporate purposes, particularly for repaying short-term debt. Key financial institutions involved as joint book-running managers include Barclays Capital, J.P. Morgan, and Morgan Stanley. This transaction reflects Ameren's ongoing efforts to enhance its financial stability and liquidity.

Ameren Missouri has submitted an updated Smart Energy Plan worth $8.4 billion to the Missouri Public Service Commission. The five-year plan includes the installation of over one million smart meters and renewable generation projects aimed at enhancing grid reliability and stimulating economic growth in Missouri. The company emphasizes its commitment to transition towards net-zero carbon emissions by 2050 and has already acquired wind facilities, becoming the largest operator in the state. The plan is designed to keep energy rates stable for customers while improving service reliability.