Ameren is a regulated utility that operates in Illinois and Missouri, two historically challenging regulatory environments. Improving regulation in Missouri has created significant investment opportunities. However, Illinois has continued to be challenging, with the unfavorable first ruling under traditional ratemaking.
Ameren's regulated utilities provide a stable source of earnings. The company's large capital expenditure plan should drive above-average rate base and earnings growth for the next several years.
New legislation in Illinois has made the state's utility regulatory environment more challenging.
|
Metric
|
AEE
|
AEP
|
EXC
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.82 | 16.48 | 16.89 |
Price/Book Value | 1.74 | 1.80 | 1.45 |
Price/Sales | 2.60 | 2.37 | 1.71 |
Price/Cash Flow | 6.75 | 7.86 | 6.70 |
|
Metric
|
AEE
|
AEP
|
EXC
|
|---|---|---|---|
Quick Ratio | 0.28 | 0.27 | 0.40 |
Current Ratio | 0.65 | 0.53 | 0.81 |
Interest Coverage | 3.31 | 2.22 | 2.56 |
|
Metric
|
AEE
|
AEP
|
EXC
|
|---|---|---|---|
Return on Assets (Normalized) | 2.90% | 2.26% | 2.38% |
Return on Equity (Normalized) | 10.45% | 8.82% | 9.27% |
Return on Invested Capital (Normalized) | 5.94% | 5.77% | 5.67% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
NEE
| NextEra Energy Inc | Pmrjlqmsb | Zmshw | $137.4 Bil | |
SO
| Southern Co | Fzynswwhq | Gmdzd | $80.1 Bil | |
DUK
| Duke Energy Corp | Rzljscwp | Nfgzkdt | $75.4 Bil | |
NGG
| National Grid PLC ADR | Dpktvhgkt | Pyw | $48.5 Bil | |
AEP
| American Electric Power Co Inc | Mpsxxyjc | Pnbprp | $44.9 Bil | |
PCG
| PG&E Corp | Mchqzvk | Vhldl | $44.5 Bil | |
D
| Dominion Energy Inc | Wtmdkvsrd | Zgtygnd | $42.3 Bil | |
EXC
| Exelon Corp | Tdktmrz | Zwhvnf | $37.3 Bil | |
PEG
| Public Service Enterprise Group Inc | Qfhstmfyx | Zbghsh | $33.8 Bil | |
ED
| Consolidated Edison Inc | Dlhrkyr | Nfxf | $32.1 Bil |
:quality(80)/s3.amazonaws.com/arc-authors/morningstar/689ab3b8-4029-4d7c-9975-43e4305e927a.jpg)