AEE
UtilitiesAmeren Corporation · Regulated Electric · $31B
What is Ameren Corporation?
Ameren Corporation is a regulated utility holding company serving customers across Missouri and Illinois with electricity and natural gas. Headquartered in St. Louis, it has operated in the region for well over a century.
Ameren generates, transmits, and distributes electricity and natural gas through four regulated segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. Revenue comes almost entirely from rate-regulated operations overseen by state and federal regulators, meaning pricing and returns are set through a structured approval process. The company serves a broad mix of residential, commercial, and industrial customers, with generation sourced from coal, nuclear, natural gas, and a growing portfolio of renewables including wind, solar, and hydroelectric.
Ameren was incorporated in 1998 and is headquartered in St. Louis, Missouri.
- Rate-regulated electric generation and distribution
- Natural gas distribution and transmission
- High-voltage electric transmission infrastructure
- Renewable energy — wind, solar, and hydroelectric
- Nuclear and conventional thermal power generation
Is AEE a Good Stock to Buy?
UQS Score rates AEE as Below Average overall, reflecting a profile that warrants careful review before investing.
Ameren's Quality, Moat, Growth, and Valuation pillars each land at Neutral — consistent with a regulated utility that generates predictable, if unspectacular, returns. The regulated business model provides a degree of earnings stability that many utilities rely on to sustain dividends over time.
The Risk pillar is rated Weak, which is the most notable flag in Ameren's profile and suggests investors should weigh balance-sheet and regulatory exposure carefully relative to sector peers.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does AEE pay dividends?
Yes — Ameren Corporation pays a dividend.
Ameren pays a regular dividend, consistent with the capital-return culture common among large regulated utilities. Rate-regulated cash flows provide a relatively predictable base for sustaining distributions. Income-focused investors often look to utilities like Ameren for dividend continuity, though the Risk pillar rating is worth factoring into any income-oriented thesis.
When does AEE report earnings?
Ameren Corporation reports earnings on a quarterly cadence, typical for US-listed equities.
As a regulated utility, Ameren's quarterly results tend to reflect allowed rate structures and capital investment cycles rather than sharp swings in demand. Seasonal factors — particularly heating and cooling loads — can influence quarter-to-quarter comparisons.
For the most recent quarter's results and guidance, visit Ameren's investor relations page directly.
AEE Price History
+51.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Ameren Corporation?
Based on Ameren Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
AEE Long-term Outlook
Ameren's Growth pillar is rated Neutral, pointing to a trajectory in line with regulated utility norms rather than above-average expansion. Capital investment in transmission and renewable generation could support gradual rate-base growth, though the pace is subject to regulatory approval cycles. The Weak Risk pillar introduces meaningful uncertainty — regulatory outcomes, capital costs, and the ongoing transition away from coal are factors that could pressure or support results depending on how they unfold.
Growth drivers
- Transmission infrastructure investment driving regulated rate-base growth
- Renewable energy buildout under state clean-energy mandates
- Steady demand from a diversified residential and commercial customer base
Key risks
- Weak Risk pillar — elevated financial or regulatory risk relative to peers
- Coal-to-clean transition costs and potential stranded-asset exposure
- Interest rate sensitivity affecting utility valuations and financing costs
AEE vs Peers
Ameren operates in a competitive landscape of large Midwestern and regional regulated utilities.
DTE serves Michigan with a similarly diversified electric and gas regulated platform, but also maintains a non-utility energy trading segment that adds a different risk dimension.
PPL focuses on regulated electric delivery in Kentucky and Pennsylvania, with a portfolio that has been streamlined in recent years toward pure regulated operations.
FirstEnergy is a large transmission and distribution-focused utility in the Mid-Atlantic and Midwest, though it has faced notable regulatory and legal headwinds that distinguish its risk profile.
Frequently Asked Questions
What does Ameren Corporation do?
Ameren is a regulated utility holding company that generates, transmits, and distributes electricity and natural gas to customers in Missouri and Illinois. It operates through four segments covering electric distribution, natural gas distribution, and high-voltage transmission. Power is produced from a mix of coal, nuclear, natural gas, and renewables.
Does AEE pay dividends?
Yes, Ameren pays a regular dividend. Regulated utilities typically prioritize consistent income distributions because their rate-regulated cash flows provide a relatively stable base. Investors should weigh the Weak Risk pillar rating alongside the dividend history when evaluating AEE for income purposes.
When does AEE report earnings?
Ameren reports on a quarterly cadence, as is standard for US-listed companies. Specific upcoming dates are not maintained in our data source. Check Ameren's investor relations page for the current earnings calendar.
Is AEE a good stock to buy?
UQS Score rates AEE as Below Average overall, driven primarily by a Weak Risk pillar. Quality, Moat, Growth, and Valuation are each Neutral. Whether that profile fits your portfolio depends on your risk tolerance and income objectives. The full pillar breakdown is available to UQS Pro members.
Is AEE overvalued?
AEE's Valuation pillar is rated Neutral, suggesting the stock is neither clearly cheap nor obviously expensive relative to the framework UQS applies. Regulated utilities often trade at premium multiples to the broader market, so sector context matters. Pro members can view the complete valuation metrics.
How does AEE compare to its competitors?
Among peers like DTE Energy, PPL Corporation, and FirstEnergy, Ameren is a mid-sized regulated utility with a broadly similar business model. Key differentiators include geographic footprint, generation mix, and regulatory jurisdiction. UQS Score comparisons across these tickers are available on each company's page.
What is AEE's market cap bracket?
Ameren is classified as a large-cap company, placing it among the more substantial publicly traded utilities in the United States. Large-cap utilities often attract income-oriented and defensive investors seeking relative stability.
Who founded Ameren Corporation?
Ameren Corporation was formed in 1998 through the merger of Union Electric Company and CIPSCO Incorporated, combining utility operations with roots dating back to 1881. Founding and historical context is widely available through Ameren's official corporate history.
Is AEE a long-term quality investment?
As a long-term quality indicator, AEE's Below Average UQS Score — anchored by a Weak Risk pillar — suggests the stock carries more uncertainty than higher-rated peers. Regulated utilities can offer durability, but the risk profile warrants scrutiny. Pro members can access the full multi-pillar view to assess fit.
What is the main competitive advantage of Ameren?
Ameren's primary advantage is its position as a regulated monopoly utility in defined service territories, which limits direct competition and provides a predictable, government-sanctioned revenue framework. However, UQS rates the Moat pillar as Neutral, indicating this structural advantage is not exceptional relative to the broader utility sector.
What sector does AEE belong to?
AEE belongs to the Utilities sector, specifically the regulated electric and gas utility industry. Utilities are generally considered defensive investments, though individual company risk profiles — like Ameren's Weak Risk rating — can vary meaningfully within the sector.
Is AEE a growth stock or value stock?
With a Neutral Growth pillar and Neutral Valuation pillar, AEE fits neither a high-growth nor a deep-value profile cleanly. It is best characterized as a regulated income utility — one where dividend continuity and rate-base growth matter more than rapid earnings expansion.
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Pro Analysis
AEE — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 53.8 | 48.6 | 57.0 | 56.7 | 53.4 | 53.9 | -0.1 |
| May 22, 2026 | 53.9 | 48.6 | 57.0 | 56.6 | 53.4 | 54.4 | -0.1 |
| May 21, 2026 | 54.0 | 48.6 | 57.0 | 56.8 | 53.4 | 54.9 | 0.0 |
| May 20, 2026 | 54.0 | 48.6 | 57.0 | 56.8 | 53.4 | 54.7 | -0.1 |
| May 19, 2026 | 54.1 | 48.6 | 57.0 | 56.8 | 53.4 | 55.8 | -0.1 |
| May 16, 2026 | 54.2 | 48.6 | 57.0 | 56.8 | 53.4 | 56.2 | +0.2 |
| May 15, 2026 | 54.0 | 48.6 | 57.0 | 57.1 | 53.4 | 54.4 | 0.0 |
| May 14, 2026 | 54.0 | 48.6 | 57.0 | 57.1 | 53.4 | 54.6 | 0.0 |
| May 13, 2026 | 54.0 | 48.6 | 57.0 | 57.1 | 53.4 | 54.2 | +0.1 |
| May 12, 2026 | 53.9 | 48.6 | 57.0 | 57.1 | 53.4 | 54.0 | -0.1 |
AEE — Pillar Breakdown
Quality
— 48.6/100 (25%)Ameren Corporation has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 56.7/100 (20%)Ameren Corporation demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 53.4/100 (15%)Ameren Corporation has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 54.9/100 (15%)Ameren Corporation has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 57/100 (25%)Ameren Corporation has meaningful competitive advantages that should protect its market position. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for AEE.
Score Composition
Financial Data
More Stock Analysis
How is the AEE UQS Score Calculated?
The UQS (Unified Quality Score) for Ameren Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Ameren Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Ameren Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.