Ameren (AEE) Stock Analysis

November 11, 2026

This is a peer-relative look at Ameren (AEE): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Utilities peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Ameren (AEE)
Profile Item	AEE
Name	Ameren Corporation
Country/Region	United States
GICS Sector	Utilities
GICS Industry Group	Utilities
GICS Industry	Multi-Utilities
GICS Sub-Industry	Multi-Utilities
Market Capitalization	31.24 billion USD
Currency	USD
Exchange	NYSE
Listing Date	January 2, 1998
Security Type	Common Stock

Price Performance

Cumulative Growth

AEE

GSPC

Ameren (AEE) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ameren (AEE) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ameren (AEE) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Ameren (AEE) metric values compared with Utilities industry-group medians
Metric	Current stock: AEE	Industry group median
Total Return (1Y)	11.92%	5.85%
Total Return (3Y, Annualized)	17.94%	15.48%
Total Return (5Y, Annualized)	9.71%	8.14%

Risk Profile

Drawdown History

AEE

GSPC

Ameren (AEE) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ameren (AEE) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Ameren (AEE) metric values compared with Utilities industry-group medians
Metric	Current stock: AEE	Industry group median
Volatility (1Y, Annualized)	17.76%	22.23%
Beta (5Y)	0.40	0.53
Max Drawdown (5Y)	-27.46%	-36.85%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. AEE is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Ameren (AEE) metric values compared with Utilities industry-group medians
Metric	Current stock: AEE	Industry group median
Sharpe Ratio (1Y)	0.43	0.08
Sortino Ratio (1Y)	0.62	0.12

Profitability

ROE (TTM)

Ameren (AEE) posts ROE of 11.78%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

AEE

Utilities industry group

11.78%

Group distribution

Max: 17.99%
Q3: 12.01%
AEE: 11.78%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

Largest peers

CEG: 15.06%
NEE: 14.06%
SO: 11.90%
AEE: 11.78%
AEP: 10.60%
NGG: 10.31%
DUK: 10.10%

Where Ameren (AEE) stands on ROE within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Ameren (AEE) keeps 18.59% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

AEE

Utilities industry group

18.59%

Group distribution

Max: 28.78%
AEE: 18.59%
Q3: 17.30%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

Largest peers

NEE: 40.37%
NGG: 21.15%
AEE: 18.59%
DUK: 16.16%
SO: 16.00%
AEP: 14.21%
CEG: 11.08%

Where Ameren (AEE) stands on net margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Ameren (AEE) turns 31.23% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

AEE

Utilities industry group

31.23%

Group distribution

Max: 53.83%
AEE: 31.23%
Q3: 31.12%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

Largest peers

SO: 36.92%
NEE: 33.00%
AEE: 31.23%
DUK: 30.03%
NGG: 28.64%
AEP: 26.89%
CEG: 8.66%

Where Ameren (AEE) stands on operating margin within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Ameren (AEE) metric values compared with Utilities industry-group medians
Metric	Current stock: AEE	Industry group median
ROE (TTM)	11.78%	9.44%
ROA (TTM)	3.12%	3.08%
Net Margin (TTM)	18.59%	12.73%
Operating Margin (TTM)	31.23%	23.62%
Gross Margin (TTM)	52.47%	44.03%

Growth

Revenue Growth

Ameren (AEE) grew revenue 15.43%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

Ameren (AEE): Revenue Growth across different time periods, set against Utilities industry-group medians.

EPS Growth

Ameren (AEE) grew earnings per share 21.04%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

Ameren (AEE): EPS Growth across different time periods, set against Utilities industry-group medians.

Growth Metrics

Ameren (AEE) metric values compared with Utilities industry-group medians
Metric	Current stock: AEE	Industry group median
Revenue Growth (YoY)	15.43%	8.45%
Revenue Growth (3Y CAGR)	3.41%	3.87%
EPS Growth (YoY)	21.04%	3.93%
EPS Growth (3Y CAGR)	8.92%	5.25%

Financial Strength

Current Ratio (MRQ)

Ameren (AEE) has current ratio of 0.74, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

AEE

Utilities industry group

0.74

Group distribution

Max: 1.90
Q3: 1.17
Median: 0.88
AEE: 0.74
Q1: 0.66
Min: 0.29

Largest peers

CEG: 1.46
SO: 0.84
AEE: 0.74
DUK: 0.68
NGG: 0.62
NEE: 0.53
AEP: 0.51

Where Ameren (AEE) stands on current ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Ameren (AEE) has debt-to-equity ratio of 1.57, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

AEE

Utilities industry group

1.57

Group distribution

Max: 2.63
Q3: 1.77
AEE: 1.57
Median: 1.35
Q1: 0.84
Min: 0.00

Largest peers

SO: 1.68
DUK: 1.63
AEP: 1.62
AEE: 1.57
NEE: 1.53
NGG: 1.32
CEG: 0.76

Where Ameren (AEE) stands on debt-to-equity ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Ameren (AEE) metric values compared with Utilities industry-group medians
Metric	Current stock: AEE	Industry group median
Current Ratio (MRQ)	0.74	0.88
Debt / Equity (MRQ)	1.57	1.35
Net Debt / EBITDA	5.55	5.31

Dividends

Dividend Yield (TTM)

Ameren (AEE) has dividend yield of 0.63%, in the lower peer-yield quartile. Dividend income is lighter than at most industry peers, which may reflect a greater tilt toward reinvestment, buybacks, or growth.

AEE

Utilities industry group

0.63%

Group distribution

Max: 6.66%
Q3: 3.58%
Median: 2.85%
Q1: 0.66%
AEE: 0.63%
Min: 0.00%

Largest peers

DUK: 3.29%
SO: 3.21%
AEP: 3.00%
NEE: 2.76%
CEG: 0.68%
AEE: 0.63%
NGG: 0.57%

Where Ameren (AEE) stands on dividend yield within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Ameren (AEE) has payout ratio of 51.48%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

AEE

Utilities industry group

51.48%

Group distribution

Max: 113.04%
Q3: 68.72%
Median: 56.38%
AEE: 51.48%
Q1: 32.38%
Min: 0.00%

Largest peers

NGG: 71.97%
SO: 68.49%
DUK: 62.76%
AEP: 62.09%
AEE: 51.48%
NEE: 43.89%
CEG: 15.92%

Where Ameren (AEE) stands on payout ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Ameren (AEE) metric values compared with Utilities industry-group medians
Metric	Current stock: AEE	Industry group median
Dividend Yield (TTM)	0.63%	2.85%
Dividend Payout Ratio (TTM)	51.48%	56.38%

Valuation

P/E Ratio (TTM)

Ameren (AEE) trades at P/E ratio of 19.63, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

AEE

Utilities industry group

19.63

Group distribution

Max: 31.22
Q3: 23.30
Median: 19.64
AEE: 19.63
Q1: 15.17
Min: 3.34

Largest peers

CEG: 24.43
SO: 21.08
AEP: 20.67
AEE: 19.63
DUK: 18.74
NEE: 15.67
NGG: 15.54

Where Ameren (AEE) stands on P/E ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Ameren (AEE) trades at 3.63 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

AEE

Utilities industry group

3.63

Group distribution

Max: 6.35
AEE: 3.63
Q3: 3.63
Median: 2.63
Q1: 1.52
Min: 0.00

Largest peers

NEE: 6.33
NGG: 4.46
AEE: 3.63
SO: 3.45
DUK: 2.99
AEP: 2.92
CEG: 2.83

Where Ameren (AEE) stands on P/S ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Ameren (AEE) trades at 2.20 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

AEE

Utilities industry group

2.20

Group distribution

Max: 3.12
Q3: 2.21
AEE: 2.20
Median: 1.83
Q1: 1.46
Min: 0.34

Largest peers

NGG: 9.36
NEE: 2.97
CEG: 2.78
SO: 2.56
AEE: 2.20
AEP: 2.10
DUK: 1.83

Where Ameren (AEE) stands on P/B ratio within its Utilities peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Ameren (AEE) metric values compared with Utilities industry-group medians
Metric	Current stock: AEE	Industry group median
P/E Ratio (TTM)	19.63	19.64
P/S Ratio (TTM)	3.63	2.63
P/B Ratio (MRQ)	2.20	1.83
Free Cash Flow Yield (TTM)	-8.06%	-7.11%