Ameren Corp

AEE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$94.00	Pgvnc	Shwwlrbtw

Ameren Earnings: Management Progressing in Illinois Regulatory Rehearings

Andrew Bischof

May 3, 2024

We are reaffirming our $78 fair value estimate for no-moat-rated Ameren after the company reported first-quarter operating earnings per share of $0.98 compared with $1.00 in the year-ago period.

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