Ameren Stock Price, News & Analysis

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.

Ameren (NYSE: AEE) has been recognized as a 'Best Place to Work for Disability Inclusion' for the 10th consecutive year, earning a top score of 100 on the Disability Equality Index. This index is the world's most comprehensive benchmarking tool for Fortune 1000 companies to measure disability inclusion within their organizations.

Ameren's commitment to disability inclusion includes partnerships with the Starkloff Disability Institute and programs like the Dream Big Career Camp. The company also has an employee resource group, Powering Connections for All Abilities (PCAA), which champions disability inclusion and education.

The 2024 Disability Equality Index measured various benchmarks, including employment practices, community engagement, and supplier diversity. In 2024, 542 corporations utilized the index, with top-scoring businesses earning a score of 80 or higher.

Ameren (NYSE: AEE) has announced its quarterly dividend payments for 2024. The board of directors declared a quarterly cash dividend of 67 cents per share on common stock, payable on Sept. 30, 2024, to shareholders of record as of Sept. 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. Ameren Missouri's preferred stock dividends will be paid on Nov. 15, 2024, to shareholders of record on Oct. 18, 2024. Ameren Illinois' preferred stock dividends are set for payment on Nov. 1, 2024, to shareholders of record on Oct. 14, 2024.

Ameren (NYSE: AEE) reported second quarter 2024 net income of $258 million, or $0.97 per diluted share, compared to $237 million, or $0.90 per diluted share, in Q2 2023. The increase was driven by infrastructure investments, higher electric retail sales due to warmer temperatures, and new Ameren Missouri electric service rates. These gains were partially offset by higher interest expenses and operations costs.

For the first six months of 2024, Ameren's net income was $519 million, or $1.95 per diluted share, up from $501 million, or $1.90 per diluted share, in the same period of 2023. The company reaffirmed its 2024 earnings guidance range of $4.52 to $4.72 per diluted share, assuming normal temperatures for the remainder of the year.

Ameren (NYSE: AEE) will host a webcast to discuss its Q2 2024 earnings on August 2, 2024. The event will feature Martin J. Lyons Jr., Chairman, President, and CEO, along with Michael L. Moehn, Senior Executive VP and CFO. The webcast will be available at AmerenInvestors.com, with supporting materials posted under 'Events and Presentations'. A replay will be accessible for one year post-event. Ameren serves 2.4 million electric and over 900,000 natural gas customers through Ameren Missouri and Ameren Illinois. The company operates in a 64,000-square-mile area, focusing on electric generation, transmission, and distribution, as well as natural gas distribution.

On June 28, Ameren Missouri requested a rate adjustment from the Missouri Public Service Commission (PSC), aiming to implement new electric base rates by mid-2025. The adjustment seeks to recover costs from significant system upgrades and cleaner energy investments, ensuring reliability amidst severe weather events. If approved, the average residential customer using 1,011 kWh/month would see a $17 increase. Despite this, rates will remain below Midwest and national averages. Key investments include upgrading infrastructure, adding smart technology, and incorporating new solar energy centers. Ameren Missouri emphasizes improved reliability and offers flexible payment and assistance options for customers managing economic challenges.

Ameren (NYSE: AEE) has been recognized by Fair360 for its outstanding diversity, equity, and inclusion (DEI) efforts. It has secured top rankings in Employee Resource Groups, Philanthropy, and Black Executives categories. Ameren, already a Fair360 Hall of Fame member, has topped the utility category five times in the past seven years. The company's commitment to DEI is credited with fostering an inclusive workplace across Missouri and Illinois, impacting millions of people. This recognition highlights Ameren's effective talent strategy, supplier diversity practices, and philanthropic engagement.

Ameren Illinois, a subsidiary of Ameren (NYSE: AEE), announced the pricing of a public offering of $625 million in aggregate principal amount of 5.55% first mortgage bonds due 2054, priced at 99.810% of their principal amount. The closing is expected on June 27, 2024, subject to customary conditions.

The raised funds will be used to repay a portion of Ameren Illinois' short-term debt. The joint book-running managers for the offering are Barclays Capital Inc., MUFG Securities Americas Inc., Scotia Capital (USA) Inc., TD Securities (USA) , Wells Fargo Securities, , Fifth Third Securities, Inc., and PNC Capital Markets

The offering is only available through a prospectus and related supplements, which will be filed with the SEC. No solicitation or offer is being made where it's unlawful. Ameren Illinois serves 1.2 million electric and over 800,000 natural gas customers across central and southern Illinois.

Ameren Missouri, a subsidiary of Ameren (NYSE: AEE), has received approval from the Missouri Public Service Commission to acquire a 150-megawatt (MW) solar facility in Cass County, Illinois. This facility aims to double the size of Ameren's Renewable Solutions program. Notable organizations, including Walmart and Mastercard, have joined or increased their participation in the program to enhance their use of renewable energy and support regional development. The facility is expected to begin generating energy by the end of the year, pending customary closing conditions. Additionally, a 150-MW Boomtown Renewable Energy Center in White County, Illinois, will also support this initiative and is set to be operational by year-end.