Ameren Stock Price, News & Analysis

Ameren Corporation (NYSE: AEE) has declared a quarterly cash dividend of 63 cents per share, increasing by 7% from 59 cents per share. This marks the tenth consecutive year of dividend growth, bringing the annualized dividend rate to $2.52. The dividend is payable on March 31, 2023, to shareholders of record by March 15, 2023. Union Electric Company and Ameren Illinois Company also announced quarterly dividends on their preferred stock, payable on May 15, 2023 and May 1, 2023 respectively. Ameren maintains a payout ratio of 55% to 70% for future growth.

Ameren Missouri has received critical approval for the acquisition of the Huck Finn Solar Project, the largest solar facility in its history, located in central Missouri. This 200 MW facility aims to generate enough energy to power 40,000 homes and create approximately 250 jobs during construction. Expected to start operations by late 2024, the project supports Ameren's goal of achieving net-zero carbon emissions by 2045. Additionally, it comes as part of a broader plan to add 2,800 MW of renewable energy by 2030. This project is the first approved under the Inflation Reduction Act, enhancing long-term customer benefits.

Ameren Corporation (NYSE:AEE) will host a conference call on February 16, 2023, at 9 a.m. Central Time to discuss its fourth quarter 2022 earnings and provide guidance. CEO Martin J. Lyons Jr. and CFO Michael L. Moehn will present the call, which will also be broadcast live on AmerenInvestors.com. Ameren serves approximately 2.4 million electric and 900,000 natural gas customers across a 64,000-square-mile area. For further information, supporting materials will be available on their investor website, and a replay will be accessible for one year after the call.

Ameren Missouri achieved the J.D. Power award for the highest customer satisfaction among large Midwest utilities, recognizing its commitment to business electric service. This honor, the third time for Ameren Missouri, reflects strong performance in areas such as power quality, reliability, and competitive pricing.

From 2019 to 2021, the company invested $3.6 billion in over 2,000 energy grid projects to enhance infrastructure and reliability. Ameren Missouri serves 1.2 million electric customers in central and eastern Missouri.

Ameren Illinois, a subsidiary of Ameren Corporation (NYSE: AEE), has priced a public offering of $350 million in 5.90% first mortgage bonds set to mature in 2052. The bonds will be sold at 99.691% of their principal value, with the expected closing date on November 22, 2022, pending customary conditions. Proceeds will be allocated to reduce short-term debt and fund sustainable projects. The offering is managed by BofA Securities, Goldman Sachs, RBC Capital Markets, TD Securities, and PNC Capital Markets.

Ameren Corporation (NYSE: AEE) reported third quarter 2022 net income of $452 million ($1.74 per diluted share), up from $425 million ($1.65 per diluted share) in Q3 2021. This increase was due to infrastructure investments and new electric service rates in Missouri. Year-to-date earnings for 2022 reached $911 million ($3.51 per diluted share), reflecting similar trends. The company narrowed its 2022 earnings guidance range to $4.00 to $4.15 per diluted share, driven by strong execution of its strategy but tempered by rising interest expenses and a higher effective tax rate.

The board of directors of Ameren Corporation has declared a quarterly cash dividend of 59 cents per share on its common stock. This dividend will be payable on December 30, 2022, to shareholders on record as of the close of business on December 7, 2022. Additionally, Union Electric Company and Ameren Illinois Company announced regular quarterly cash dividends on their preferred stock, payable on February 15, 2023 and February 1, 2023, respectively, to shareholders of record by January 20 and January 16, 2023.