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Ameren Corp(AEE)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$99.39
09/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for AEE

09/28/2026: AEE (1-star) is currently NOT-A-BUY. Pass it for now.

Ameren Corp is a regulated electric and natural gas utility providing essential energy services primarily in Missouri and Illinois. The company is known for its stable, rate-regulated business model, which historically supports consistent dividend payments, making it a suitable option for income-focused investors. Its primary growth strategy centers on significant capital investment in grid modernization and the transition to renewable energy sources, which are typically recoverable through customer rate adjustments. However, investors should remain aware of risks related to regulatory outcomes, the high capital requirements of its business, and sensitivity to interest rate fluctuations. Ameren serves as a reliable core holding for those seeking stability over aggressive growth.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitAmeren is a utility stock characterized by moderate growth rather than high-growth potential.
Momentum investorMixed fitMomentum fit is conditional on a positive Upturn signal, though the stock typically moves slowly.
Value investorMixed fitValuation is often tied to regulated rate bases, which may be fairly priced in stable markets.
Dividend investorStrong fitAmeren offers consistent dividend payments suitable for income-focused portfolios.
Low-risk investorStrong fitThe regulated nature of the business provides lower volatility compared to broader market indices.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityLowRegulated utilities typically exhibit lower price sensitivity than the broader market.
Valuation riskMediumChanges in interest rates can significantly affect the valuation of yield-sensitive stocks.
Competition risk (utility service area exclusivity)LowAmeren operates as a regulated monopoly, limiting traditional market-based competition.
Business qualityStrongThe company provides essential services with predictable, government-approved revenue streams.
Dividend incomeLowReliable cash flow supports the stability of dividend payouts.
Execution riskMediumLarge-scale infrastructure projects carry inherent risks regarding budget and schedule management.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 4.35%
Avg. Invested days 47
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
AEE receives a 3-star rating, supported by solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
AEE has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+23.2%) and solid revenue growth (+15.4%) are partially offset by weak cash generation (FCF margin -9.3%), very low insider ownership of 0.32%.

Financial Health Rating

★★★★★
AEE's financial health is supported by solid profitability, including gross margin of 29.6% and operating margin of 23.0%. Liquidity is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is AEE's strongest growth driver at +50.2% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+15.4%, solid) and earnings growth (+23.2%, solid) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 90.2% and approximately 99.4% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.32%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 8.61%
T. Rowe Price Associates, Inc. 7.73%
Vanguard Capital Management, LLC 6.49%
Vanguard Portfolio Management, LLC 5.73%
State Street Corp 5.40%

Unit Economics (Per $1K Revenue)

★★★★★
AEE generates approximately $296 of gross profit, $230 of operating income, and $-93 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Negative free cash flow explains the 2-star rating, with weak cash conversion and soft capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 8.52%

Quantitative Style Profile

★★★★★
AEE has a high-quality, large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 27.52B USD
Price to earnings Ratio 17.5
1Y Target Price 119.53
Price to earnings Ratio 17.5
1Y Target Price 119.53
Volume (30-day avg) 1.5M shares
Beta 0.47
52 Weeks Range 94.58 - 117.49
Updated Date 09/27/2026
52 Weeks Range 94.58 - 117.49
Updated Date 09/27/2026
Dividends yield (FY) 2.94%
Basic EPS (TTM) 5.68

How Company Makes Money

Business areaWhat it includesRetail investor read
Electric OperationsGeneration, transmission, and distribution of electricity to customers.This is the primary driver of income, earned through rates approved by state regulators.
Natural Gas OperationsDistribution of natural gas to residential and commercial users.Provides a secondary, stable revenue stream often tied to seasonal demand.
Geographic ExposureOperations specifically in Missouri and Illinois.Performance is highly dependent on the regulatory environment of these two specific states.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 17.5
Forward PE 17.51
Enterprise Value 49.41B
Price to Sales(TTM) 3.27
Enterprise Value 49.41B
Price to Sales(TTM) 3.27
Enterprise Value to Revenue 5.71
Enterprise Value to EBITDA 11.64
Shares Outstanding 276.84M
Shares Floating 275.09M
Shares Outstanding 276.84M
Shares Floating 275.09M
Percent Insiders 0.32
Percent Institutions 90.21

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Ameren Corp

Exchange NYSE
Headquarters Saint Louis, MO, United States
IPO Launch date 1998-01-02
President, CEO & Chairman of the Board Mr. Martin J. Lyons Jr.
Sector Utilities
Industry Utilities - Regulated Electric
Full time employees 8913
Full time employees 8913

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution business and natural gas transmission and distribution business. The company also generates electricity through coal, nuclear, and natural gas, as well as renewable energy, including hydroelectric, wind, methane gas, and solar energy centers. It serves residential, commercial, and industrial customers. Ameren Corporation was founded in 1881 and is headquartered in Saint Louis, Missouri.