Ameren Corporation (AEE) has seen several ups and downs in both financial performances and stock prices. The company continued its tradition of rewarding shareholders with an increase in the quarterly cash dividend by 6.3%, marking eleven consecutive years of growth. The Ameren performance didn't parallel the market as it underperformed several times compare to its competitors. However, Ameren announced robust Q2 earnings and revenues, surpassing estimates. More so, the short interest in Ameren Co. fell 6.2% in April, and the company received the nod for two major solar projects, one with a 150 MW facility and another with a 400MW capacity, showcasing an ongoing push for renewable energy.
Despite some misses in earnings estimates and reduced revenues Y/Y, Ameren’s annual sustainability report shows a focus on ensuring reliability and supporting customers. The utility company also announced long-term growth guidance for 2024. Financial analysts maintain a varying view towards Ameren, with some suggesting its 10% ROE as strong and others seeing it lag behind estimates. Nonetheless, the company stands strong with 80% institutional ownership, showing favoritism among big investment firms.
Ameren Corporation AEE News Analytics from Mon, 14 Aug 2023 07:00:00 GMT to Sun, 19 May 2024 21:46:17 GMT - Rating 5 - Innovation 4 - Information 7 - Rumor 3
