Ameren Stock: Analyst Estimates & Ratings

With a market cap of $30.1 billion, Ameren Corporation (AEE) is a regulated electric and natural gas utility holding company headquartered in St. Louis, Missouri. Through its subsidiaries, Ameren provides essential energy services across Missouri and Illinois, making it a relatively defensive utility business with earnings supported by regulated rates and long-term infrastructure investment. 

Shares of AEE have gained 5.5% over the past year, while the broader S&P 500 Index ($SPX) has soared 21.3%. While the stock has picked up momentum in 2026, climbing 7.2% YTD, it continues to trail the benchmark’s 13.3% advance.

Despite lagging the broader market, Ameren has held up better than its utility peers, outperforming State Street Utilities Select Sector SPDR ETF (XLU), which soared marginally over the past 52 weeks and 1% on a YTD basis. 

On July 30, AEE shares dipped 1.1% after the company released FY2026 Q2 earnings as operating revenue fell 5.8% year over year to $2.09 billion, missing the $2.27 billion consensus estimate. On the bright side, net income rose 14% year over year to $314 million, while EPS increased 11.9% from the year-ago quarter to $1.13, topping analysts’ expectations of $1.08. The results benefited from higher earnings on infrastructure investments across Ameren’s utility businesses. Looking ahead, Ameren reaffirmed its 2026 EPS guidance of $5.25-$5.45, signaling confidence in continued growth from its expanding infrastructure investment base.

For the current fiscal year, ending in December, analysts expect AEE’s EPS to grow 7.2% year over year to $5.39. The company’s earnings surprise history is promising. It topped the consensus estimates in each of the last four quarters.  

Among the 17 analysts covering the stock, the consensus rating is a "Moderate Buy,” which is based on 11 “Strong Buy” and six "Hold” ratings.  

The configuration is slightly bullish than a month ago, with ten analysts suggesting a “Strong Buy” rating.     

On July 23, BTIG lowered its price target on Ameren to $126 from $131 while maintaining a “Buy” rating. BTIG sees potential in gas and water utilities, which it believes remain attractively valued relative to electric utilities.

The mean price target of $122.06 suggests a 10.3% premium to its current price levels, while its Street-high price target of $137 implies a 28% potential upside.