Ameren Stock Price, News & Analysis

Ameren Corporation (NYSE: AEE) has announced a $520 million common stock offering with a forward sale component. The company will enter into forward sale agreements with underwriters, allowing for settlement at Ameren's discretion until January 15, 2027. The underwriters, including Goldman Sachs, J.P. Morgan, Barclays, and Wells Fargo Securities, have a 30-day option to purchase an additional $78 million of shares. The company plans to use the net proceeds for general corporate purposes, including short-term debt repayment. Ameren serves 2.5 million electric customers and 900,000 natural gas customers through its subsidiaries Ameren Missouri and Ameren Illinois, operating across a 64,000-square-mile area.

Ameren Corporation (NYSE: AEE) has announced its quarterly dividend payments. The company declared a quarterly cash dividend of $0.71 per share on its common stock, payable on June 30, 2025, to shareholders of record as of June 10, 2025.

Additionally, the board approved regular quarterly cash dividends for preferred stockholders of both Union Electric Company (Ameren Missouri) and Ameren Illinois Company. Ameren Missouri's preferred stock dividends will be paid on August 15, 2025, to shareholders of record on July 17, 2025, while Ameren Illinois's preferred stock dividends are scheduled for August 1, 2025, to shareholders of record on July 11, 2025.

Ameren Corporation (NYSE: AEE) reported strong Q1 2025 results with GAAP diluted EPS of $1.07, up from $0.98 in Q1 2024. The company's adjusted EPS also increased to $1.07 from $1.02 year-over-year. Net income rose to $289 million from $261 million in Q1 2024. The improved performance was driven by increased infrastructure investments and higher Ameren Missouri retail sales due to colder winter temperatures. These gains were partially offset by higher interest expenses and storm-related costs. The company reaffirmed its 2025 earnings guidance range of $4.85 to $5.05 per share. Segment-wise, Ameren Missouri earned $42 million, Transmission $89 million, Illinois Electric Distribution $63 million, and Natural Gas $108 million, while the Parent segment reported a $13 million loss.

Ameren (NYSE: AEE) has announced its upcoming first quarter 2025 earnings conference call, scheduled for May 2, 2025, at 9 a.m. Central Time. Chairman, president and CEO Martin J. Lyons Jr., along with CFO Michael L. Moehn, will lead the discussion.

The webcast will be accessible via AmerenInvestors.com, with supporting materials posted under 'Investor News and Events.' A replay will remain available for one year after the call.

Ameren serves a 64,000-square-mile area through its subsidiaries:

• Ameren Missouri: Provides electric generation, transmission, distribution, and natural gas services
• Ameren Illinois: Handles electric transmission, distribution, and natural gas distribution
• Ameren Transmission Company of Illinois: Develops rate-regulated regional electric transmission projects

The company currently powers 2.5 million electric customers and over 900,000 natural gas customers.

Ameren Missouri, a subsidiary of Ameren (NYSE: AEE), has announced the pricing of $500 million aggregate principal amount of first mortgage bonds. The bonds will carry a 5.25% interest rate, mature in 2035, and are priced at 99.975% of their principal amount.

The transaction is expected to close on April 4, 2025. The company plans to use the net proceeds to repay short-term debt and/or fund near-term capital expenditures. The offering is being managed by joint book-runners including Goldman Sachs & Co. , RBC Capital Markets, , Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., and PNC Capital Markets

Ameren (NYSE: AEE) has announced the pricing of $750 million aggregate principal amount of 5.375% senior notes due 2035 at 99.822% of their principal amount. The transaction is expected to close on March 7, 2025. The company plans to use the net proceeds for general corporate purposes, including repaying a portion of its short-term debt.

The offering is being managed by joint book-running managers including Barclays Capital, J.P. Morgan Securities, Mizuho Securities USA, MUFG Securities Americas, and Wells Fargo Securities. Ameren serves 2.5 million electric customers and over 900,000 natural gas customers across a 64,000-square-mile area through its regulated utility subsidiaries Ameren Missouri and Ameren Illinois.

Ameren Illinois Company, a subsidiary of Ameren (NYSE: AEE), has announced the pricing of a $350 million public offering of 5.625% first mortgage bonds due 2055 at 99.986% of their principal amount. The transaction is expected to close on March 3, 2025, pending customary closing conditions.

The company plans to use the net proceeds to repay $300 million principal amount of its 3.25% senior secured notes due 2025 and to refinance a portion of its short-term debt. BNY Capital Markets, BofA Securities, Morgan Stanley & Co., and Truist Securities are serving as joint book-running managers for the offering.

Ameren Illinois delivers energy to 1.2 million electric and more than 800,000 natural gas customers throughout central and southern Illinois, covering over 1,200 communities and 43,700 square miles.

Ameren Missouri (NYSE: AEE) has announced significant updates to its generation strategy and Smart Energy Plan. The company's revised Preferred Resource Plan aims to provide 1.5 GW of new energy demand by 2032, supported by a $16.2 billion, five-year Smart Energy Plan for infrastructure modernization.

Key components include building 1,600 MW of natural gas generation by 2030 (expanding to 6,100 MW by 2045), adding 2,700 MW of wind and solar energy by 2030 (reaching 4,200 MW by 2045), deploying 1,000 MW of battery storage by 2030, and planning 1,500 MW of new nuclear energy by 2045. The plan represents an additional investment opportunity of $5 billion by 2030 and $7 billion by 2035.

The Smart Energy Plan's 2024 achievements include 134 new/upgraded substations, 250 miles of upgraded subtransmission lines, and 1.3 million smart meters installation. Smart switch technology saved customers 8 million minutes in outages in 2024. The company attracted over $3.1 billion in planned capital investment from businesses relocating or expanding in its service territory.

Ameren (NYSE: AEE) reported strong financial results for 2024, with GAAP diluted EPS of $4.42 compared to $4.38 in 2023, and adjusted diluted EPS of $4.63. The company's net income reached $1,182 million, driven by increased infrastructure investments and disciplined cost management.

Key financial highlights include new electric service rates at Ameren Missouri, higher electric retail sales across all customer classes, and new natural gas service rates at Ameren Illinois. These positive factors were partially offset by increased interest expenses and a lower return on equity at Ameren Illinois Electric Distribution.

Looking forward, Ameren affirmed its 2025 earnings guidance range of $4.85 to $5.05 per diluted share and projected a 6% to 8% compound annual growth rate from 2025 through 2029. The company expects rate base growth of approximately 9.2% compounded annually during this period.