Ameren Corporation (AEE): Monthly Stock Report – September 22, 2024
Company Overview
Ameren Corporation (AEE), headquartered in Saint Louis, Missouri, is a public utility holding company providing essential electric generation, transmission, and distribution services along with natural gas distribution across the United States. Established in 1881, Ameren has carved out a significant stake in the Utilities sector, particularly within regulated electric industries. The company diversifies its energy generation portfolio through a mix of coal, nuclear, natural gas, and renewable sources including hydroelectric, wind, methane, and solar energy. With its total revenue reaching approximately $6.95 billion, Ameren presents investors with a stable utility investment that capitalizes on the gradual shift towards renewable energy.
Market Performance and Financial Outlook
As of the latest report, Ameren Corporation’s shares are priced at $85.62, closely approaching a fifty-two week high of $85.85, indicative of a positive market trajectory and investor interest. Analysts project a target high of $97.00, suggesting a considerable potential for stock appreciation, while the mean target price stands at $85.09. The stock is rated as a “buy,” supported by a mean recommendation score of 2.5 from 13 analysts. The total shares outstanding are 266,816,992, with only 1.03% short sold, signaling limited bearish sentiment and a stable outlook for the company.
Investment Considerations
Investors may find Ameren appealing due to its solid revenue generation and the strategic focus on both traditional and renewable energy sources. Although there are gaps in available EBITDA data, the key financial metrics present a mixed but encouraging picture. The company’s trading above its fifty-day moving average of 80.7964 further reinforces an optimistic outlook for future performance. Therefore, Ameren Corporation remains a significant contender within the utilities space for those seeking stability and growth potential in a regulated market.
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| Metric | Value |
|---|---|
| Market Cap | $22.8b |
| Total Debt | $17.8b |
| Total Cash | $19.0m |
| Shares Outstanding | 266.8m |
| Float Shares | 265.5m |
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