Last $47.50 USD
Change Today +0.66 / 1.41%
Volume 1.8M
AEE On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

ameren corporation (AEE) Snapshot

Open
$46.95
Previous Close
$46.84
Day High
$47.78
Day Low
$46.95
52 Week High
12/26/14 - $47.78
52 Week Low
01/3/14 - $35.22
Market Cap
11.5B
Average Volume 10 Days
1.7M
EPS TTM
$2.41
Shares Outstanding
242.6M
EX-Date
12/8/14
P/E TM
19.7x
Dividend
$1.64
Dividend Yield
3.39%
Current Stock Chart for AMEREN CORPORATION (AEE)

ameren corporation (AEE) Related Businessweek News

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ameren corporation (AEE) Details

Ameren Corporation operates as a public utility holding company in the United States. The company is engaged in rate-regulated electric generation, transmission, and distribution; and rate-regulated natural gas transmission and distribution businesses. It primarily generates electricity through coal, nuclear power, natural gas, hydroelectric power, and oil. The company serves 2.4 million electric customers and approximately 0.9 million natural gas customers. Its customers include primarily residential, commercial, and industrial customers. The company was founded in 1881 and is headquartered in St. Louis, Missouri.

8,527 Employees
Last Reported Date: 03/3/14
Founded in 1881

ameren corporation (AEE) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: $624.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $540.0K
Executive Vice President of Ameren Services
Total Annual Compensation: $462.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $440.0K
Compensation as of Fiscal Year 2013.

ameren corporation (AEE) Key Developments

Federal District Court Rules Against Ameren Corporation's Three Coal Plants in Missouri

A federal district court judge in Missouri has ruled against Ameren Corp.'s attempt to have a lawsuit against three of its coal plants thrown out, allowing the suit brought by the Sierra Club to proceed. At issue are an alleged nearly 8,000 instances of violations of the Clean Air Act by emissions from the Labadie, Meramec and Rush Island coal-fired plants, all operated by Ameren Missouri, Ameren's utility that provides electricity for 1.2 million customers in Missouri. In a November 6, 2014 order, Judge Audrey Fleissig of the U.S. District Court for the Eastern District of Missouri, rejected Ameren Missouri's argument that violating limits on opacity - how visibly thick the plume from a smoke stack is - cannot be a basis for the lawsuit if the plant is complying with other, more specific air standards and state regulators have found no violation. The Sierra Club has sued operators of many coal plants around the country in a similar fashion, accusing them of excessive emissions under the Clean Air Act based on the operators' own records. Sometimes the threat of litigation leads utilities to settle with the group or shut down coal-fired facilities, as Iowa plant owner and Berkshire Hathaway Energy MidAmerican Energy Co. did in 2013. The suit comes at a time when the future of many coal plants throughout the Midwest is in doubt. Ameren, currently about 77% reliant on coal sources for power, is trying to diversify its portfolio with recently announced plans to spend $4 billion on new generation including 478 MW of renewables and 600 MW of natural gas. Those changes also include the conversion of two units at Meramec from coal to gas by 2016 and the ultimate retirement of the coal plant by 2022. But more will need to be done to keep the plants in compliance with EPA rules for two more decades. Sierra Club sued Ameren in March. The utility had said in a response brief that the group could not identify a single instance of the plants emitting excess particulate matter emissions. The violations of the more general 'opacity' limit do not necessarily mean that the plants have violated particulate matter limits unless Missouri state regulators declare that to be the case, the utility argued, according to the court's order.

Ameren Corporation Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Full Year of 2014

Ameren Corporation announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total operating revenues of $1,670 million against $1,638 million a year ago. Operating income was $561 million against $567 million a year ago. Income before income taxes was $490 million against $494 million a year ago. Income from continuing operations was $296 million against $307 million a year ago. Net income attributable to continuing operations was $294 million or $1.20 per diluted share against $305 million or $1.25 per diluted share a year ago. Net income attributable to company was $293 million or $1.20 per diluted share against $302 million or $1.24 per diluted share a year ago. The year-over-year decrease in third quarter 2014 earnings from continuing operations reflected this year's milder temperatures, which reduced native load electric sales volumes, as well as a higher effective income tax rate. In addition, depreciation and amortization expenses increased from the year-ago quarter. For the nine months, the company reported total operating revenues of $4,683 million against $4,516 million a year ago. Operating income was $1,129 million against $1,013 million a year ago. Income before income taxes was $903 million against $757 million a year ago. Income from continuing operations was $546 million against $469 million a year ago. Net income attributable to continuing operations was $541 million or $2.21 per diluted share against $464 million or $1.91 per diluted share a year ago. This earnings increase reflected the absence in the current year period of 2013 Callaway Nuclear Energy Center refueling and maintenance outage expenses, as well as a 2013 Missouri fuel adjustment clause-related charge. In 2014, a Callaway refueling outage is occurring in the fourth quarter, compared to a second quarter refueling outage in 2013. Net income attributable to company was $538 million or $2.20 per diluted share against $252 million or $1.03 per diluted share a year ago. Net cash provided by operating activities was $1,203 million against $1,314 million a year ago. Capital expenditures were $1,310 million against $943 million a year ago. Book value per share as on September 30, 2014 was $27.92. For the year, the company now expects diluted earnings per share to be in a range of $2.30 to $2.45 for 2014, compared to the prior range of $2.30 to $2.50 per share, reflecting the effect of mild third quarter 2014 temperatures. These mild temperatures reduced third quarter 2014 earnings by an estimated nine cents per share compared to normal. The company continues to expect the full year effective income tax rate will be approximately 39.5%. Free cash flow after dividends is now anticipated to be negative by approximately $820 million for 2014.

Ameren Corporation to Report Q3, 2014 Results on Nov 06, 2014

Ameren Corporation announced that they will report Q3, 2014 results at 10:00 AM, US Eastern Standard Time on Nov 06, 2014

 

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AEE

Industry Average

Valuation AEE Industry Range
Price/Earnings 19.7x
Price/Sales 2.0x
Price/Book 1.7x
Price/Cash Flow 8.8x
TEV/Sales 0.8x
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