Reading the tape
NYSE: AEE
Ameren Corporation
Utilities · Regulated Electric
Market Cap
$31.09B
52w High
$115.59
52w Low
$93.27
P/E
20.96
Volume
997.06K
Outstanding Shares
276.65M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 12.9%Revenue (TTM): 15.43%FCF (TTM): 51.37%P/E: 46th pct
What changed
The stock rose 12.9% over the last year. Revenue grew 15.43% over the trailing twelve months. Operating margin moved from 19.89% to 23.03%. Free cash flow grew 51.37% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 46th percentile of their historical P/E range.
What would invalidate this read
Operating margin is at 23.03%. Revenue grew 15.43% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States.
CEOMartin J. Lyons Jr.
SectorUtilities
IndustryRegulated Electric
Employees8,981
IPO dateJan 2, 1998
Valuation
Forward P/E—
EV/EBITDA12.68
Enterprise value$46.83B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-8.19%
Gross margin38.14%▼38.27%vs FY2024
Operating margin23.03%▲15.78%vs FY2024
ROE10.86%▲11.35%vs FY2024
Analyst consensus
RatingHold
Target price$121.11▲7.76%
9
Buy
12
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est $1.17 · Revenue est $2.24B
View
Dividends
$2.88/shareQuarterlyDividend Achiever · 16yrAt RiskAEE pays a dividend with a 2.56% dividend yield, 16 consecutive years of growth, growing at 6.98% annually, covered -1.0× by free cash flow.
Dividend Yield
2.56%
Annual Div / Share
$2.88
5yr CAGR
+6.98%
Doubles every ~10.3yr
Payout Ratio
52.75%
At Risk
Dividend Growth Rate
3yr CAGR
+6.27%
5yr CAGR
+6.98%
10yr CAGR
+5.6%
Dividend Safety
4/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$2.88+5.9%
2024$2.72+6.3%
2023$2.56+6.7%
2022$2.40+7.1%
2021$2.24+9.0%
2020$2.06+5.9%
2019$1.94+4.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$26/yr
$2/mo
In 5 yrs
$36/yr+40%
$3/mo
In 10 yrs
$50/yr+96%
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$26/yr $2/mo | $36/yr+40% $3/mo | $50/yr+96% $4/mo |
Yield-on-cost grows from 2.56% → 5.03% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
AEE has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 6.98% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -1.01× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.