Ameren Stock Price, News & Analysis

Ameren (NYSE: AEE) has announced its fourth quarter 2024 earnings conference call, scheduled for February 14, 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 with financial analysts.

The company serves 2.4 million electric customers and over 900,000 natural gas customers across a 64,000-square-mile area through its subsidiaries Ameren Missouri and Ameren Illinois. The webcast will be available on AmerenInvestors.com, with supporting materials posted under 'Events and Presentations.' A replay will be accessible for one year after the call.

Ameren (NYSE: AEE) has been selected by MISO (Midcontinent Independent System Operator) to construct multiple critical energy infrastructure projects across Missouri, Illinois, and several Midwest states. The projects, estimated at $1.3 billion, are part of MISO's Long-Range Transmission Plan.

The infrastructure development, known as Tranche 2.1 portfolio, aims to strengthen the transmission system to meet increasing energy demand and support diverse energy resources. The projects will enhance grid reliability and resiliency while enabling economic development opportunities in the bi-state region.

Ameren plans to participate in additional competitive bidding for other Tranche 2.1 infrastructure projects, emphasizing their ability to complete projects faster and at lower costs compared to competitors.

Ameren Missouri (NYSE: AEE) has completed three solar generation facilities with a combined capacity of 500 megawatts (MW), representing a $950 million investment. The facilities include the 200-MW Huck Finn, 150-MW Boomtown, and 150-MW Cass County Renewable Energy Centers, capable of powering 92,000 homes annually.

The Cass County and Boomtown facilities will serve Ameren's Renewable Solutions program, providing renewable energy credits to participating organizations. Additionally, the company plans to construct the Castle Bluff Energy Center, an 800-MW simple-cycle natural gas facility, by 2027 with an approximate investment of $900 million.

Ameren (NYSE: AEE) has announced the election of Steven O. Vondran to its board of directors, effective January 1, 2025. Vondran is currently the president and CEO of American Tower , a global real estate investment trust managing over 148,000 communications sites and U.S. data center facilities. His extensive experience includes serving as executive vice president and global chief operating officer, and executive vice president and president of the U.S. Tower Division at American Tower. Ameren's chairman and CEO Martin J. Lyons highlighted Vondran's senior leadership and legal experience, particularly noting his expertise in real estate and data center infrastructure as valuable assets for supporting economic growth in Missouri and Illinois.

Ameren (NYSE: AEE) reported Q3 2024 GAAP net income of $456 million ($1.70 per diluted share), compared to $493 million ($1.87 per share) in Q3 2023. Adjusted earnings remained stable at $1.87 per share. The company narrowed its 2024 adjusted EPS guidance to $4.55-$4.69 and established 2025 EPS guidance at $4.85-$5.05.

Performance was driven by infrastructure investments and cost management, offset by higher interest expense, lower electric retail sales due to milder temperatures, and a lower ROE at Ameren Illinois Electric Distribution. The company excluded charges related to Rush Island Energy Center settlement and FERC order on MISO's allowed base ROE from adjusted earnings.

Ameren Missouri (NYSE: AEE) received approval to build the $900 million Castle Bluff Energy Center, an 800-MW natural gas facility set to operate in 2027 as a backup energy source. The company also announced the acquisition of three solar facilities - Huck Finn, Boomtown, and Cass County Renewable Energy Centers - for approximately $900 million with a combined capacity of 500 MW. These solar facilities are expected to power 92,000 homes annually by year-end. The company plans additional investments of $6 billion in renewable and dispatchable generation by 2028 as part of its Integrated Resource Plan.

Ameren (NYSE: AEE) has announced its quarterly dividend payments. The board of directors declared a quarterly cash dividend of 67 cents per share on common stock, payable on Dec. 31, 2024, to shareholders of record as of Dec. 11, 2024.

Additionally, Union Electric Company (Ameren Missouri) and Ameren Illinois Company have declared regular quarterly cash dividends on all classes of their preferred stock. For Ameren Missouri, these dividends will be paid on Feb. 15, 2025, to shareholders of record on Jan. 17, 2025. Ameren Illinois will pay its preferred stock dividends on Feb. 3, 2025, to shareholders of record on Jan. 13, 2025.

Ameren (NYSE: AEE) has announced its third quarter 2024 earnings webcast, scheduled for November 7, 2024 at 9 a.m. Central Time. Martin J. Lyons Jr., chairman, president and CEO, and Michael L. Moehn, senior executive vice president and CFO, will lead the discussion with financial analysts. The webcast will be available live on AmerenInvestors.com, with supporting materials posted under 'Events and Presentations' in the 'Investor News and Events' section. A replay will be accessible for one year after the call.

Ameren , based in St. Louis, serves 2.4 million electric customers and over 900,000 natural gas customers across a 64,000-square-mile area through its subsidiaries Ameren Missouri and Ameren Illinois. The company provides various utility services, including electric generation, transmission, and distribution, as well as natural gas distribution.

Ameren Missouri, a subsidiary of Ameren (NYSE: AEE), has priced a public offering of $450 million aggregate principal amount of 5.125% first mortgage bonds due 2055 at 99.881% of their principal amount. The transaction is expected to close on Oct. 7, 2024. The company plans to use the net proceeds to refinance short-term debt and/or fund near-term capital expenditures, with an intention to allocate an equal amount to sustainable projects meeting certain eligibility criteria.

The offering is being managed by Barclays Capital Inc., BofA Securities, Inc., J.P. Morgan Securities , Morgan Stanley & Co. , and KeyBanc Capital Markets Inc. as joint book-running managers. Ameren Missouri, which has been providing electric and gas service for over 100 years, serves 1.2 million electric and 135,000 natural gas customers in central and eastern Missouri.