Momentum Stock Watch: Ameren Corp (AEE)

Company Profile:

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nuclear, and natural gas, as well as renewable sources, such as hydroelectric, methane gas, and solar. The company serves residential, commercial, and industrial customers. As of March 25, 2020, it served approximately 1.2 million electric customers and approximately 132,000 natural gas customers in central and eastern Missouri. The company was founded in 1881 and is headquartered in St. Louis, Missouri.

Recent News:

On Aug. 14, 2020, the board of directors of Ameren Corporation declared a quarterly cash dividend on its common stock of 49.5 cents per share. This dividend is payable Sept. 30, 2020, to shareholders of record at the close of business on Sept. 9, 2020.

The company reported second quarter 2020 net income attributable to common shareholders of $243 million, or $0.98 per diluted share, compared to second quarter 2019 net income attributable to common shareholders of $179 million, or $0.72 per diluted share.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

AEE’s strengths can be seen in its better profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI stands at 51.18 with positive bias. We rate Ameren Corp (AEE) a STRONG BUY.

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