Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Has Ameren (AEE) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Ameren is a member of the Utilities sector. This group includes 125 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AEE is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AEE's full-year earnings has moved 4.53% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AEE has moved about 12.39% on a year-to-date basis. Meanwhile, the Utilities sector has returned an average of 0.86% on a year-to-date basis. This shows that Ameren is outperforming its peers so far this year.
Breaking things down more, AEE is a member of the Utility - Electric Power industry, which includes 66 individual companies and currently sits at #90 in the Zacks Industry Rank. Stocks in this group have gained about 3.62% so far this year, so AEE is performing better this group in terms of year-to-date returns.
Going forward, investors interested in Utilities stocks should continue to pay close attention to AEE as it looks to continue its solid performance.
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