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Ameren (AEE) Could Be a Great Choice
Zacks Investment Research· 2024-03-13 16:46
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend ...
39 Upcoming Dividend Increases Including 2 Dividend Kings
Seeking Alpha· 2024-03-08 16:48
shironagasukujira/iStock via Getty Images I can't even believe it. There are weeks that sometimes only feature a few dividend increases. Then there are others where ten, twenty, or more dividend increases come-last week featured 27, which is a considerable number. But this week features 39! This may very well be the most extensive list of the entire year. It also features two dividend kings in Coca-Cola (KO) and a new king in Telephone and Data Systems (TDS). KO extends its 62-year streak with a 5.4% increa ...
Ameren(AEE) - 2023 Q4 - Annual Report
2024-02-28 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2023 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to | --- | --- | --- | |--------------------------|--------------------------------------------------------------------------------------------------------- ...
Ameren(AEE) - 2023 Q4 - Earnings Call Transcript
2024-02-23 18:35
Ameren Corporation (NYSE:AEE) Q4 2023 Earnings Conference Call February 23, 2024 10:00 AM ET Company Participants Andrew Kirk - Director of Investor Relations Marty Lyons - Chairman, President and CEO Michael Moehn - Senior Executive Vice President and CFO Conference Call Participants Shahriar Pourreza - Guggenheim Partners Nicholas Campanella - Barclays Jeremy Tonet - JPMorgan David Arcaro - Morgan Stanley Durgesh Chopra - Evercore Julien Dumoulin Smith - Bank of America Securities Operator Greetings, and ...
Ameren (AEE) Q4 Earnings Miss Estimates, Revenues Fall Y/Y
Zacks Investment Research· 2024-02-23 15:06
Ameren Corporation’s (AEE) fourth-quarter 2023 earnings of 60 cents per share missed the Zacks Consensus Estimate of 61 cents by 1.6%. The reported figure also decreased 4.8% year over year.The year-over-year decline in the bottom line was on account of lower Ameren Missouri electric retail sales, driven primarily by milder-than-normal winter temperatures compared with colder-than-normal winter temperatures in the year-ago quarter. Higher interest expenses at Ameren Parent also negatively impacted the year- ...
Ameren Missouri customers benefit from investments in stronger, smarter grid
Prnewswire· 2024-02-23 13:00
Customers avoid more than 31 million minutes of outages in 2023 thanks to stronger poles, automated switching and other grid upgrades (Editor's Note: See stories about how grid investments are helping Missouri customers and communities in our Smart Energy Plan 2023 Progress Report.) ST. LOUIS, Feb. 23, 2024 /PRNewswire/ -- Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), filed its updated Smart Energy Plan with the Missouri Public Service Commission today. The $12.4 billion, five-year invest ...
Compared to Estimates, Ameren (AEE) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-23 01:31
For the quarter ended December 2023, Ameren (AEE) reported revenue of $1.62 billion, down 20.9% over the same period last year. EPS came in at $0.60, compared to $0.63 in the year-ago quarter.The reported revenue represents a surprise of -22.34% over the Zacks Consensus Estimate of $2.08 billion. With the consensus EPS estimate being $0.61, the EPS surprise was -1.64%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...
Ameren Announces 2023 Results and Issues Guidance for 2024 Earnings and Long-Term Growth
Prnewswire· 2024-02-22 21:30
Core Insights - Ameren Corporation reported a net income of $1,152 million for 2023, translating to a diluted earnings per share (EPS) of $4.38, an increase from $1,074 million and $4.14 in 2022 respectively [1][2] - The company has established a diluted EPS guidance range for 2024 between $4.52 and $4.72, with a projected compound annual growth rate of 6% to 8% from 2024 to 2028 [1][4] Financial Performance - The increase in earnings for 2023 was attributed to solid operating performance, infrastructure investments across all business segments, and new electric service rates in Ameren Missouri effective July 9, 2023 [2][3] - Ameren Missouri's earnings for 2023 were $545 million, down from $562 million in 2022, primarily due to lower electric retail sales influenced by weather conditions [6] - Ameren Illinois Electric Distribution segment saw earnings rise to $258 million in 2023 from $202 million in 2022, benefiting from a higher allowed return on equity due to increased U.S. Treasury bond yields [6] Strategic Initiatives - The company made significant strides in executing its strategy, including substantial energy infrastructure investments and updates to Ameren Missouri's Integrated Resource Plan, focusing on a diverse mix of generation investments [3][4] - Ameren's multi-year earnings growth is expected to be driven by a projected rate base growth of approximately 8.2% compounded annually from 2023 through 2028 [4] Segment Results - Ameren Illinois Natural Gas segment reported earnings of $134 million in 2023, up from $123 million in 2022, due to increased infrastructure investments and lower operations and maintenance expenses [7] - The Ameren Transmission segment's earnings improved to $296 million in 2023 from $263 million in 2022, reflecting increased earnings on infrastructure investments [7] Future Outlook - The company remains focused on modernizing the energy grid and transitioning to a cleaner energy portfolio while maintaining disciplined cost management [4] - Ameren will conduct a conference call on February 23, 2024, to discuss 2023 earnings and 2024 guidance [8]
Ameren(AEE) - 2023 Q4 - Annual Results
2024-02-21 16:00
Exhibit 99.1 NEWS RELEASE 1901 Chouteau Avenue: St. Louis, MO 63103: Ameren.com Contacts Media Investors Tony Paraino Andrew Kirk 314.554.2182 314.554.3942 aparaino@ameren.com akirk@ameren.com For Immediate Release Ameren Announces 2023 Results and Issues Guidance for 2024 Earnings and Long-Term Growth • 2023 Diluted Earnings Per Share (EPS) were $4.38, Compared to $4.14 in 2022 • 2024 Diluted EPS Guidance Range Established at $4.52 to $4.72 • 2024 through 2028 Diluted EPS Compound Annual Growth Rate Guidan ...
Utility Stocks' Earnings to Watch on Feb 22: D, PCG & More
Zacks Investment Research· 2024-02-21 15:16
So far, a handful of the S&P 500 members from the Zacks Utilities sector have released their fourth-quarter earnings. Another cohort of major utility stocks, including Dominion Energy (D) , PG&E Corp. (PCG) , Edison International (EIX) , Ameren (AEE) , Entergy (ETR) and Clearway Energy (CWEN) , is set to announce quarterly reports on Feb 22.Factors to ConsiderDomestic-focused utility companies continue to focus on cost management and implementation of energy-efficiency programs, which reduces their operatin ...