With the U.N. Climate Change Conference, otherwise known as COP28, starting this week, we are reasserting our view that the market underappreciates utilities' critical role in limiting global warming.
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
|
EXC
|
AEP
|
|---|---|---|---|
Price/Earnings (Normalized) | 17.66 | 17.42 | 15.67 |
Price/Book Value | 1.85 | 1.50 | 1.65 |
Price/Sales | 2.57 | 1.82 | 2.13 |
Price/Cash Flow | 7.21 | 7.36 | 8.17 |
|
Metric
|
AEE
|
EXC
|
AEP
|
|---|---|---|---|
Quick Ratio | 0.26 | 0.41 | 0.29 |
Current Ratio | 0.52 | 0.85 | 0.60 |
Interest Coverage | 3.39 | 2.45 | 2.26 |
|
Metric
|
AEE
|
EXC
|
AEP
|
|---|---|---|---|
Return on Assets (Normalized) | 2.97% | 2.24% | 2.12% |
Return on Equity (Normalized) | 10.75% | 8.68% | 8.23% |
Return on Invested Capital (Normalized) | 6.03% | 5.50% | 5.60% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|
NEE
| NextEra Energy Inc | Vxtrry | $119.5 Bil | |
SO
| Southern Co | Flrvkt | $77.4 Bil | |
DUK
| Duke Energy Corp | Lwltbr | $71.3 Bil | |
NGG
| National Grid PLC ADR | Zgm | $48.5 Bil | |
PCG
| PG&E Corp | Lgxbc | $43.4 Bil | |
AEP
| American Electric Power Co Inc | Cypqvkc | $41.7 Bil | |
D
| Dominion Energy Inc | Lfhfwq | $38.8 Bil | |
EXC
| Exelon Corp | Kqttw | $38.3 Bil | |
XEL
| Xcel Energy Inc | Fqprxhw | $33.7 Bil | |
ED
| Consolidated Edison Inc | Rthqg | $31.5 Bil |
:quality(80)/s3.amazonaws.com/arc-authors/morningstar/689ab3b8-4029-4d7c-9975-43e4305e927a.jpg)