Ameren Corp

AEE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$58.00	Svd	Xtlrblcbr

Ameren Earnings: Constructive Settlement in Missouri Supports Runway of Growth Opportunities

Andrew Bischof

May 5, 2023

We are reaffirming our $86 per share fair value estimate after Ameren reported first-quarter operating earnings of $1.00 per share, compared with $0.97 in the same year-ago period. Management reaffirmed 2023 EPS guidance of $4.25 to $4.45, in line with our expectations.

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