AllAnalyst Report
logoArgusNovember 30, 2021

Ameren Corporation: Recent weakness offers buying opportunity

Symbols
AEE
Sector(s)
Utilities
Rating
Current Price
$74.02
Price Target
Earnings Estimate
Summary

St. Louis-based Ameren Corp. serves approximately 2.4 million electric customers and 900,000 natural gas customers through its Ameren Missouri and Ameren Illinois regulated subsidiaries. Ameren Missouri provides vertically integrated electric service, with generating capacity of 10,200 megawatts, and natural gas delivery service. Ameren Illinois provides electric delivery and transmission service as well as natural gas delivery service. Ameren Transmission Co. of Illinois develops regional electric transmission projects. In 2020, the company generated 46% of its electricit

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Analyst Profile

Gary F. Hovis

Vice President & Director of Utility Research Utilities (Electric)
Gary has directed Argus' Public Utility investment research since 1986. His prior professional experience includes 17 years with a number of Wall Street firms, working in corporate finance and conducting securities research in the gas transmission, electric & gas utility and oil & gas production industries. In 2002, the Wall Street Journal Annual Analysts Survey cited Gary as a 'Best on the Street' Utilities analyst. He also won the award in 2009 and 2012. Gary holds a Bachelor's degree in Mathematics from Westminster College in Fulton, Mo.; an MBA in Finance & Accounting from Washington University (St. Louis); and a Master's degree in History from Oklahoma State University. Prior to his graduate studies, Gary served as an officer in the U.S. Army's Third Armored Division in Germany. He is a member of the New York Society of Security Analysts and the Wall Street Utility Group.