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Ameren (AEE)

Market Price (9/17/2025): $98.5 | Market Cap: $26.6 Bil
Sector: Utilities | Industry: Multi-Utilities

Ameren (AEE)

Market Price (9/17/2025): $98.5
Market Cap: $26.6 Bil
Sector: Utilities
Industry: Multi-Utilities

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, Dividend Yield is 2.8%		 Trading close to highs
Dist 52W High is -3.9%, Dist 3Y High is -3.9%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 75%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 17%		 Weak multi-year price returns
2Y Excs Rtn is -15%, 3Y Excs Rtn is -49%		 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -19%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, CFO LTM is 3.0 Bil		  
3 Low stock price volatility
Vol 12M is 18%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, Dividend Yield is 2.8%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 17%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, CFO LTM is 3.0 Bil
3 Low stock price volatility
Vol 12M is 18%
4 Trading close to highs
Dist 52W High is -3.9%, Dist 3Y High is -3.9%
5 Weak multi-year price returns
2Y Excs Rtn is -15%, 3Y Excs Rtn is -49%
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 75%
7 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -19%

Market Valuation

 9/17/252024202320222021
Share Price CYE$98.50$87.22$68.43$81.53$79.50
Market Cap CYE ($ Bil)26.623.318.021.120.5
Total Debt ($ Bil)20.018.716.515.113.6
Total Cash ($ Bil)0.00.00.00.30.0
Enterprise Value ($ Bil)46.642.034.536.234.1
Valuation Ratios     
P/S TTM3.23.12.52.93.6
P/EBIT TTM13.112.310.013.214.9
P/E TTM21.720.116.521.423.0
Sector Ratios     
P/S TTM (Sector)2.72.42.22.32.5
P/EBIT TTM (Sector)10.59.59.711.912.0
P/E TTM (Sector)18.218.316.519.219.2
 9/17/2520242023
Share Price CYE$98.50$87.22$68.43
Market Cap CYE ($ Bil)26.623.318.0
Total Debt ($ Bil)20.018.716.5
Total Cash ($ Bil)0.00.00.0
Enterprise Value ($ Bil)46.642.034.5
Valuation Ratios   
P/S TTM3.23.12.5
P/EBIT TTM13.112.310.0
P/E TTM21.720.116.5
Sector Ratios   
P/S TTM (Sector)2.72.42.2
P/EBIT TTM (Sector)10.59.59.7
P/E TTM (Sector)18.218.316.5

Market Cap Chart

Business Description

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
AEE Return4%17%3%-16%27%13%55%
Peers Return0%10%1%-10%20%6%29%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: SRE, DTE, PNW, NEE, D. See AEE Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

Better Bets than Ameren (AEE)

 AEEBetter Performance than AEE
MetricValueIndustry (Multi-Utilities)
Rev Chg LTM17.3%MDU (143.2%)
Rev Chg 3Y Avg7.6%NEE (16.7%), PNW (10.0%), AVA (7.7%)
Op Mgn LTM19.3%NEE (29.5%), SRE (22.8%), D (29.7%), CNP (22.0%), CMS (20.2%)
CFO/Rev LTM35.7%NEE (47.1%), MDU (102.5%)
FCF/Rev LTM-19.2%NEE (14.4%), ED (-1.7%), PCG (-6.9%), DTE (-4.6%), CMS (-12.2%)
Total Yield7.4%SRE (7.9%), D (9.0%), XEL (7.6%), ED (8.9%), PCG (8.0%)
 AEEBetter Performance than AEE
MetricValueAll Other Sectors
Rev Chg LTM17.3%NVDA (71.6%), META (19.4%), AVGO (28.0%), LLY (36.8%), PLTR (38.8%)
Rev Chg 3Y Avg7.6%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
Op Mgn LTM19.3%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM35.7%NVDA (46.6%), MSFT (48.3%), GOOGL (36.0%), META (56.4%), AVGO (42.4%)
FCF/Rev LTM-19.2%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), AMZN (2.0%)
Total Yield7.4%XOM (9.7%), JNJ (8.2%), BABA (38.9%), UNH (9.4%), CVX (9.3%)

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Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1BDSXBiodesix1313.2%-78.6%
2CLSDClearside Biomedical954.0%-74.9%
3SDOTSadot624.1%-79.4%
4WLDSWearable Devices498.0%-30.0%
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6ATCHAtlasClear275.9%-91.0%
7HSDTHelius Medical Technologies262.5%-95.6%
8OPIOffice Properties Income Trust261.7%-13.4%
9FGIFGI Industries156.8%145.2%
10AIREReAlpha Tech154.0%-56.1%

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#TickerCompany1W RtnYTD Rtn
1NAKAKindly MD-81.4% 
2ATYRaTyr Pharma-79.7%-70.2%
3LGCLLucas GC-73.6%-77.1%
4EPSMEpsium Enterprise-70.1% 
5BNGOBionano Genomics-59.4%-89.7%
6FAASDigiAsia-58.5%-87.2%
7QMMMQMMM-57.5%6775.0%
8VCIGVCI Global-56.9%-99.1%
9YYGHYY-56.6%-78.5%
10XAGELongevity Health-55.5%-86.1%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Ameren

Financials

AEESREDTEPNWNEEDMedian
NameAmeren Sempra DTE Ener.Pinnacle.NextEra .Dominion. 
Mkt Price98.5682.70133.9885.9069.8359.4084.30
Mkt Cap26.654.027.710.3143.650.739.2
Rev LTM8,43213,33614,2015,25525,89915,22713,768
Op Inc LTM1,6253,0352,2589967,6454,5282,646
FCF LTM-1,623-4,372-648-7943,735-8,071-1,208
FCF 3Y Avg-1,380-4,026-886-7192,046-5,691-1,133
CFO LTM3,0074,6533,5711,73612,2084,6094,090
CFO 3Y Avg2,6704,0563,1441,37811,3295,6773,600

Growth & Margins

AEESREDTEPNWNEEDMedian
NameAmeren Sempra DTE Ener.Pinnacle.NextEra .Dominion. 
Rev Chg LTM17.3%-1.0%14.6%7.5%0.2%5.3%6.4%
Rev Chg 3Y Avg7.6%-0.8%-6.1%10.0%16.7%7.5%7.5%
Rev Chg Q31.2%-0.4%18.9%3.8%10.4%9.3%9.8%
QoQ Delta Rev Chg LTM6.7%-0.1%4.0%1.0%2.5%2.2%2.3%
Op Mgn LTM19.3%22.8%15.9%19.0%29.5%29.7%21.0%
Op Mgn 3Y Avg20.2%21.1%15.8%18.1%31.1%27.0%20.6%
QoQ Delta Op Mgn LTM-0.7%0.1%-1.2%-0.3%0.3%1.2%-0.1%
CFO/Rev LTM35.7%34.9%25.1%33.0%47.1%30.3%34.0%
CFO/Rev 3Y Avg33.7%28.9%22.5%27.9%43.4%38.4%31.3%
FCF/Rev LTM-19.2%-32.8%-4.6%-15.1%14.4%-53.0%-17.2%
FCF/Rev 3Y Avg-17.4%-27.6%-6.2%-14.7%8.0%-38.2%-16.1%

Valuation

AEESREDTEPNWNEEDMedian
NameAmeren Sempra DTE Ener.Pinnacle.NextEra .Dominion. 
Mkt Cap26.654.027.710.3143.650.739.2
P/S3.24.02.02.05.53.33.2
P/EBIT13.116.511.89.518.29.912.5
P/E21.719.919.217.824.322.220.8
P/CFO8.911.67.85.911.811.09.9
Total Yield7.4%7.9%8.2%9.6%7.2%9.0%8.1%
Dividend Yield2.8%2.9%3.0%4.0%3.1%4.5%3.1%
FCF Yield 3Y Avg-6.3%-8.4%-3.7%-7.6%1.4%-12.7%-6.9%
D/E0.80.70.91.40.60.90.8
Net D/E0.70.70.91.40.60.90.8

Returns

AEESREDTEPNWNEEDMedian
NameAmeren Sempra DTE Ener.Pinnacle.NextEra .Dominion. 
1M Rtn-1.3%1.8%-2.8%-6.0%-6.7%-1.7%-2.3%
3M Rtn5.2%11.6%2.3%-2.3%-2.1%11.7%3.8%
6M Rtn0.2%18.0%0.6%-6.2%0.3%11.0%0.5%
12M Rtn18.7%1.3%9.6%-2.1%-14.9%6.3%3.8%
3Y Rtn18.0%7.2%14.4%33.2%-10.3%-14.6%10.8%
1M Excs Rtn-3.7%-0.6%-5.2%-8.4%-9.1%-4.2%-4.7%
3M Excs Rtn-4.8%2.6%-8.1%-11.9%-14.1%0.3%-6.4%
6M Excs Rtn-17.1%1.0%-16.0%-23.5%-18.0%-5.3%-16.6%
12M Excs Rtn3.5%-14.4%-5.9%-17.8%-31.8%-9.2%-11.8%
3Y Excs Rtn-49.2%-58.5%-52.1%-35.1%-77.8%-79.5%-55.3%

Comparison Analyses

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/4/20255/5/20252/18/202511/7/20248/5/20245/6/20242/29/202411/9/20238/3/20235/5/20232/22/202311/4/2022
Key Financials Quarterly            
Total Revenue2,2212,0971,9412,1731,6931,8161,6182,0601,7602,0622,0462,306
Ebitda9059307871,0908658577321,0957817986981,026
Operating Income411430198586361371264614329351276599
Net Income275289207456258261158493237264163452
EPS1.021.070.771.710.970.980.601.880.901.010.631.75
Key Financials TTM            
Total Revenue TTM8,4327,9047,6237,3007,1877,2547,5007,9288,1748,1407,9577,456
Ebitda TTM3,7123,6723,5993,5443,5493,4653,4063,3723,3033,2403,1793,066
Operating Income TTM1,6251,5751,5161,5821,6101,5781,5581,5701,5551,5351,5151,436
Net Income TTM1,2271,2101,1821,1331,1701,1491,1521,1571,1161,0861,0741,036
Growth Rates Quarterly            
Total Revenue Growth31.2%15.5%20.0%5.5%-3.8%-11.9%-20.9%-10.7%2.0%9.7%32.4%27.3%
EBITDA Growth4.6%8.5%7.5%-0.5%10.8%7.4%4.9%6.7%8.8%8.3%19.3%12.3%
Operating Income Growth13.9%15.9%-25.0%-4.6%9.7%5.7%-4.3%2.5%6.5%6.0%40.1%12.2%
Net Income Growth6.6%10.7%31.0%-7.5%8.9%-1.1%-3.1%9.1%14.5%4.8%30.4%6.4%
Margins Quarterly            
EBITDA Margin40.7%44.3%40.5%50.2%51.1%47.2%45.2%53.2%44.4%38.7%34.1%44.5%
Operating Income Margin18.5%20.5%10.2%27.0%21.3%20.4%16.3%29.8%18.7%17.0%13.5%26.0%
Net Income Margin12.4%13.8%10.7%21.0%15.2%14.4%9.8%23.9%13.5%12.8%8.0%19.6%
Cash & Debt            
Total Cash112371719852587102507
Total Debt19,98119,62318,72218,26117,77017,18416,50616,01816,00715,52915,09514,953
Net Debt / (Cash)19,97019,60018,71518,24417,75117,09916,48116,01016,00015,51914,84514,946
Cash Flows Quarterly            
FCF from Operations862431817897557492533920615496664727
Cash Flows TTM            
FCF from Operations TTM3,0072,7022,7632,4792,5022,5602,5642,6952,5022,3712,2632,068
Returns to Shareholders Quarterly            
Dividends193191179179178178166166165165153152
Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC5.2%5.4%3.0%8.2%5.0%5.2%3.6%9.4%5.0%5.5%4.3%9.5%
Return on Invested Capital (ROIC) TTM            
ROIC TTM5.5%5.4%5.4%5.4%5.5%5.6%5.7%6.0%5.9%5.9%6.0%5.7%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Ameren Missouri3,8594,0463,3533,1093,243
Ameren Illinois Electric Distribution2,2182,2561,6391,4981,504
Ameren Illinois Natural Gas8971,180957760797
Ameren Transmission677615562523464
Other00000
Intersegment Eliminations-151-140-117-96-98
Total7,5007,9576,3945,7945,910


Net Income by Segment
$ Mil20242023202220212020
Ameren Missouri545562518436426
Ameren Transmission296263230216185
Ameren Illinois Electric Distribution258202165143146
Ameren Illinois Natural Gas1341231089984
Intersegment Eliminations00000
Other-81-76-31-23-13
Total1,1521,074990871828


Price Behavior

AEE Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta0.01-0.060.160.250.220.40
Up Beta0.65-0.130.060.180.200.43
Down Beta-0.77-0.73-0.130.310.310.39
Up Capture-9%31%30%20%20%11%
Bmk +ve Days10223571142415
Stock +ve Days10243671136387
Down Capture14%1%26%36%12%69%
Bmk -ve Days11192754106334
Stock -ve Days11172654112363

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity9,020,645
Short Interest: % Change Since 8152025-5.8%
Average Daily Volume1,377,236
Days-to-Cover Short Interest6.55
Basic Shares Quantity270,300,000
Short % of Basic Shares3.3%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/31/20251.0%1.2%-1.3%
5/1/20251.4%-0.4%-1.0%
2/13/2025-0.2%0.3%3.2%
11/6/2024-1.4%4.1%4.6%
8/1/20241.6%-1.3%1.5%
5/2/2024-1.5%-0.6%-2.0%
2/22/20241.1%0.5%2.2%
11/8/2023-1.9%0.1%0.6%
...
SUMMARY STATS   
# Positive111314
# Negative131110
Median Positive1.0%1.8%2.2%
Median Negative-1.4%-1.0%-2.3%
Max Positive2.0%5.1%8.6%
Max Negative-2.9%-4.0%-18.7%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025804202510-Q 6/30/2025
3312025505202510-Q 3/31/2025
12312024218202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024805202410-Q 6/30/2024
3312024506202410-Q 3/31/2024
12312023229202410-K 12/31/2023
93020231109202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023505202310-Q 3/31/2023
12312022222202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022808202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021223202210-K 12/31/2021
93020211104202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Mizell Gwendolyn G8262025Sell101.791,000101,790929,241Form
1MOEHN MICHAEL LSr Executive VP & CFO8052025Sell102.546,500666,51021,008,293Form
2MOEHN MICHAEL LSr Executive VP & CFO5212025Sell98.626,500641,03020,785,940Form
3Shaw Theresa ASVP, Finance and CAO2272025Sell99.531,00099,5303,184,263Form
4MOEHN MICHAEL LSr Executive VP & CFO2242025Sell97.546,500634,01022,435,761Form

Industry Resources

External Quote Links


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