AMEREN CORP
AEE · Electric & Other Services Combined · 276.8M shares · +2%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$2M (gross $24M, SBC $26M)
Reference price $109.08 · est. market cap ~$30.2B — last insider sale, 2026-05-14 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C66Solid regulated electric utility with sector-leading cash margins and above-median ROE, but returns are capped by the regulated model.
Strengths
- OCF margin at 100th pct and net margin 88th; net income growth +23% (94.7th) and revenue +15% (73rd)
- ROE ~11% (75th pct) and ROA at 74th pct — above-average for the sector
Risks
- Negative FCF (-$775M) and very low cash/quick ratio reflect heavy capex funding needs
- Debt/equity 1.36 typical of utilities but leaves little balance-sheet slack
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
23.0%
Net margin
16.6%
Return on equity
10.9%
Return on assets
3.0%
ROIC
5.1%
Revenue growth (QoQ)
22.1%
Net-income growth
23.1%
Debt / equity
1.4×
Net debt / EBITDA
5.0×
Interest coverage
2.6×
Current ratio
0.7×
Free cash flow
-$775M
EBITDA
$3.6B
Tangible book value
$13.0B
Cash & investments
$13M
Cash runway
0q
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | Melda Aaron P | Grant | 3.7K | — |
| 2026-06-01 | Arora Ajay K | Grant | 6.8K | — |
| 2026-05-14 | Shaw Theresa A | Sell | 325 | $109.08 |
| 2026-05-12 | Shaw Theresa A | Sell | 1.5K | $109.35 |
| 2026-05-01 | MOEHN MICHAEL L | Sell | 6.5K | $113.63 |
| 2026-03-05 | BRUNE CATHERINE S | Gift | 450 | — |
| 2026-03-04 | Martin Ryan J | Sell | 1.3K | $113.31 |
| 2026-03-03 | LYONS MARTIN J | Sell | 27K | $111.84 |
| 2026-03-03 | Schukar Shawn E | Sell | 5.0K | $111.84 |
| 2026-03-03 | Lindgren Mark C | Sell | 2.1K | $111.84 |
| 2026-03-01 | Rausch Timothy S. | Grant | 1.3K | — |
| 2026-02-27 | Shaw Theresa A | Tax withheld | 1.3K | $113.28 |
| 2026-02-27 | Mizell Gwendolyn G | Tax withheld | 943 | $113.28 |
| 2026-02-27 | Singh Leonard P | Tax withheld | 5.5K | $113.28 |
| 2026-02-27 | Lindgren Mark C | Tax withheld | 2.1K | $113.28 |
| 2026-02-27 | Arora Ajay K | Tax withheld | 1.0K | $113.28 |
| 2026-02-27 | Schukar Shawn E | Tax withheld | 3.1K | $113.28 |
| 2026-02-27 | Martin Ryan J | Tax withheld | 726 | $113.28 |
| 2026-02-27 | MOEHN MICHAEL L | Tax withheld | 14K | $113.28 |
| 2026-02-27 | LYONS MARTIN J | Tax withheld | 28K | $113.28 |
| 2026-02-27 | Seidler Eric V | Tax withheld | 982 | $113.28 |
| 2026-02-27 | Smith Patrick E | Tax withheld | 910 | $113.28 |
| 2026-02-17 | Flores Rafael | Sell | 1.6K | $111.52 |
| 2026-02-17 | Shaw Theresa A | Sell | 325 | $111.89 |
| 2026-02-17 | Mizell Gwendolyn G | Sell | 3.5K | $110.90 |
| 2026-02-17 | Arora Ajay K | Sell | 3.0K | $111.44 |
| 2026-02-05 | LYONS MARTIN J | Grant | 45K | — |
| 2026-02-05 | Smith Patrick E | Grant | 3.7K | — |
| 2026-02-05 | Smith Patrick E | Grant | 2.2K | — |
| 2026-02-05 | Seidler Eric V | Grant | 1.1K | — |
| 2026-02-05 | Seidler Eric V | Grant | 2.4K | — |
| 2026-02-05 | Martin Ryan J | Grant | 1.3K | — |
| 2026-02-05 | Martin Ryan J | Grant | 1.8K | — |
| 2026-02-05 | Arora Ajay K | Grant | 1.5K | — |
| 2026-02-05 | Arora Ajay K | Grant | 2.5K | — |
| 2026-02-05 | Singh Leonard P | Grant | 5.5K | — |
| 2026-02-05 | Singh Leonard P | Grant | 9.5K | — |
| 2026-02-05 | Shaw Theresa A | Grant | 1.3K | — |
| 2026-02-05 | Shaw Theresa A | Grant | 3.1K | — |
| 2026-02-05 | Mizell Gwendolyn G | Grant | 865 | — |
| 2026-02-05 | Mizell Gwendolyn G | Grant | 2.3K | — |
| 2026-02-05 | Lindgren Mark C | Grant | 2.1K | — |
| 2026-02-05 | Lindgren Mark C | Grant | 4.3K | — |
| 2026-02-05 | Feinberg David Matthew | Grant | 4.4K | — |
| 2026-02-05 | Schukar Shawn E | Grant | 2.8K | — |
| 2026-02-05 | Schukar Shawn E | Grant | 5.7K | — |
| 2026-02-05 | MOEHN MICHAEL L | Grant | 10.0K | — |
| 2026-02-05 | MOEHN MICHAEL L | Grant | 23K | — |
| 2026-02-05 | LYONS MARTIN J | Grant | 23K | — |
| 2026-02-02 | MOEHN MICHAEL L | Sell | 6.5K | $103.60 |
| 2026-01-05 | Engstrom Jamie L | Grant | 1.7K | — |
| 2026-01-05 | Flores Rafael | Grant | 1.7K | — |
| 2026-01-05 | Dickson Ward H. | Grant | 1.7K | — |
| 2026-01-05 | Mackay Leo S. Jr. | Grant | 1.7K | — |
| 2026-01-05 | Lipstein Steven H | Grant | 1.7K | — |
| 2026-01-05 | Ivey Craig S | Grant | 1.7K | — |
| 2026-01-05 | BRINKLEY CYNTHIA J | Grant | 1.7K | — |
| 2026-01-05 | FITZSIMMONS ELLEN M | Grant | 1.7K | — |
| 2026-01-05 | HARSHMAN RICHARD J | Grant | 1.7K | — |
| 2026-01-05 | BRUNE CATHERINE S | Grant | 1.7K | — |
| 2026-01-05 | Vondran Steven O | Grant | 1.7K | — |
| 2025-12-12 | Schukar Shawn E | Gift | 511 | — |
| 2025-11-26 | Lipstein Steven H | Gift | 2.3K | — |
| 2025-11-17 | Flores Rafael | Sell | 626 | $105.32 |
| 2025-11-17 | Flores Rafael | Sell | 225 | $105.21 |
| 2025-11-14 | Shaw Theresa A | Gift | 1.4K | — |
| 2025-11-14 | Smith Patrick E | Sell | 2.4K | $104.80 |
| 2025-11-14 | Smith Patrick E | Gift | 120 | — |
| 2025-11-14 | Shaw Theresa A | Sell | 325 | $104.77 |
| 2025-11-14 | HARSHMAN RICHARD J | Sell | 2.5K | $104.90 |
| 2025-11-13 | Feinberg David Matthew | Grant | 3.8K | — |
| 2025-11-03 | MOEHN MICHAEL L | Sell | 6.5K | $101.44 |
| 2025-10-09 | Shaw Theresa A | Grant | 2.4K | — |
| 2025-09-12 | Lindgren Mark C | Sell | 3.5K | $100.89 |
| 2025-09-03 | Mizell Gwendolyn G | Sell | 1.5K | $99.50 |
| 2025-08-22 | Mizell Gwendolyn G | Sell | 1.0K | $101.79 |
| 2025-08-19 | Schukar Shawn E | Gift | 796 | — |
| 2025-08-01 | MOEHN MICHAEL L | Sell | 6.5K | $102.54 |
| 2025-05-20 | MOEHN MICHAEL L | Sell | 6.5K | $98.62 |
| 2025-05-12 | Mizell Gwendolyn G | Tax withheld | 1.1K | $97.40 |
| 2025-05-06 | Lindgren Mark C | Gift | 500 | — |
| 2025-03-12 | BRUNE CATHERINE S | Gift | 620 | — |
| 2025-03-06 | LYONS MARTIN J | Gift | 2.0K | — |
| 2025-03-04 | BIRK MARK C | Gift | 536 | — |
| 2025-03-04 | Schukar Shawn E | Sell | 4.7K | $103.79 |
| 2025-03-04 | Lindgren Mark C | Sell | 1.9K | $103.79 |
| 2025-03-04 | Nwamu Chonda J | Sell | 5.5K | $101.37 |
| 2025-03-04 | LYONS MARTIN J | Sell | 15K | $103.79 |
| 2025-02-28 | Nwamu Chonda J | Tax withheld | 5.0K | $101.56 |
| 2025-02-28 | Schukar Shawn E | Tax withheld | 2.3K | $101.56 |
| 2025-02-28 | Lindgren Mark C | Tax withheld | 1.5K | $101.56 |
| 2025-02-28 | LYONS MARTIN J | Tax withheld | 23K | $101.56 |
| 2025-02-28 | Diya Fadi M | Tax withheld | 4.6K | $101.56 |
| 2025-02-28 | Shaw Theresa A | Tax withheld | 1.2K | $101.56 |
| 2025-02-28 | MOEHN MICHAEL L | Tax withheld | 13K | $101.56 |
| 2025-02-28 | Lee Stephen C | Tax withheld | 682 | $101.56 |
| 2025-02-28 | Singh Leonard P | Tax withheld | 3.6K | $101.56 |
| 2025-02-28 | Mizell Gwendolyn G | Tax withheld | 796 | $101.56 |
| 2025-02-28 | BIRK MARK C | Tax withheld | 5.0K | $101.56 |
| 2025-02-26 | Shaw Theresa A | Sell | 1.0K | $99.53 |
| 2025-02-20 | MOEHN MICHAEL L | Sell | 6.5K | $97.54 |
| 2025-02-19 | Flores Rafael | Sell | 1.9K | $97.93 |
| 2025-02-19 | Ivey Craig S | Sell | 2.7K | $98.27 |
| 2025-02-06 | BIRK MARK C | Grant | 5.0K | — |
| 2025-02-06 | BIRK MARK C | Grant | 9.4K | — |
| 2025-02-06 | Diya Fadi M | Grant | 4.2K | — |
| 2025-02-06 | Diya Fadi M | Grant | 9.1K | — |
| 2025-02-06 | Singh Leonard P | Grant | 4.6K | — |
| 2025-02-06 | Singh Leonard P | Grant | 4.3K | — |
| 2025-02-06 | Schukar Shawn E | Grant | 2.8K | — |
| 2025-02-06 | Schukar Shawn E | Grant | 5.0K | — |
| 2025-02-06 | MOEHN MICHAEL L | Grant | 9.3K | — |
| 2025-02-06 | MOEHN MICHAEL L | Grant | 21K | — |
| 2025-02-06 | Nwamu Chonda J | Grant | 9.0K | — |
| 2025-02-06 | Lindgren Mark C | Grant | 2.1K | — |
| 2025-02-06 | Lindgren Mark C | Grant | 3.7K | — |
| 2025-02-06 | LYONS MARTIN J | Grant | 22K | — |
| 2025-02-06 | LYONS MARTIN J | Grant | 38K | — |
| 2025-02-06 | Shaw Theresa A | Grant | 1.3K | — |
| 2025-02-06 | Shaw Theresa A | Grant | 3.0K | — |
| 2025-02-06 | Mizell Gwendolyn G | Grant | 927 | — |
| 2025-02-06 | Mizell Gwendolyn G | Grant | 1.9K | — |
| 2025-01-03 | Vondran Steven O | Grant | 1.9K | — |
| 2025-01-03 | Eder Noelle K | Grant | 1.9K | — |
| 2025-01-03 | Flores Rafael | Grant | 1.9K | — |
| 2025-01-03 | BRINKLEY CYNTHIA J | Grant | 1.9K | — |
| 2025-01-03 | Johnson James C | Grant | 1.9K | — |
| 2025-01-03 | Mackay Leo S. Jr. | Grant | 1.9K | — |
| 2025-01-03 | HARSHMAN RICHARD J | Grant | 1.9K | — |
| 2025-01-03 | Lipstein Steven H | Grant | 1.9K | — |
| 2025-01-03 | FITZSIMMONS ELLEN M | Grant | 1.9K | — |
| 2025-01-03 | Dickson Ward H. | Grant | 1.9K | — |
| 2025-01-03 | Ivey Craig S | Grant | 1.9K | — |
| 2025-01-03 | HARRIS KIMBERLY J | Grant | 1.9K | — |
| 2025-01-03 | BRUNE CATHERINE S | Grant | 1.9K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-05 | ResultsOtherExhibits | filing ↗ |
| 2026-03-04 | OtherExhibits | filing ↗ |
| 2026-02-11 | ResultsOtherExhibits | filing ↗ |
| 2026-02-09 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-12-15 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-11-05 | ResultsOtherExhibits | filing ↗ |
| 2025-10-14 | Exec/director changeExhibits | filing ↗ |
| 2025-10-03 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-05 | 2026-05-05 | 0001002910-26-000013 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0001104659-26-023352 ↗ |
| 8-K | 2026-02-11 | 2026-02-11 | 0001002910-26-000005 ↗ |
| 8-K | 2026-02-09 | 2026-02-06 | 0001104659-26-012085 ↗ |
| 8-K | 2025-12-15 | 2025-12-12 | 0001104659-25-121146 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001002910-25-000127 ↗ |
| 8-K | 2025-10-14 | 2025-10-14 | 0001104659-25-098988 ↗ |
| 8-K | 2025-10-03 | 2025-10-02 | 0001104659-25-096700 ↗ |
| 8-K | 2025-08-07 | 2025-08-07 | 0001104659-25-075230 ↗ |
| 8-K | 2025-07-31 | 2025-07-31 | 0001002910-25-000109 ↗ |
| 8-K | 2025-05-14 | 2025-05-12 | 0001104659-25-048603 ↗ |
| 8-K | 2025-05-01 | 2025-05-01 | 0001002910-25-000095 ↗ |