--- title: Ameren (AEE) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/aee ticker: AEE as_of: 2026-10-17 sector: Utilities industry: Regulated Electric --- # Ameren (AEE) Ameren (AEE) closed at $106.08 on Oct 16, 2026, undervalued by 6% vs its model value of $112.49 (from its own five-year median P/E applied to its earnings). ## Key figures | Figure | Value | | --- | ---: | | Last close | $106.08 (Oct 16, 2026) | | Model value (from its own five-year median P/E applied to its earnings) | $112.49 | | Price vs model | undervalued by 6% vs model | | Range of that model | $104.41 – $121.84 | | Market value | $29.4B | | P/E (fiscal 2025) | 19.8 | | Net margin (fiscal 2025) | 16.5% | | Free cash flow (fiscal 2025) | -$775.0M | | Dividend yield (trailing twelve months) | 2.79% | | Beta | 0.45 | | Cost of capital (WACC) | 6.48% | | Business classification | Dividend Payer (Low/slowing growth (~8% recent), Moderate margins (17% net margin), Pays dividends, Highly cyclical earnings, Negative free cash flow) | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 2.79% | | Dividends per share, last 12 months | $2.96 | | Coverage | — | | Raised | 12 years in a row | | Growth over 5 years | 6.5% a year | | Latest payment | $0.75, ex-date Sep 8, 2026, paid Sep 30, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Sep 7, 2021 | $2.17 | | To Sep 6, 2022 | $2.32 | | To Sep 12, 2023 | $2.48 | | To Sep 11, 2024 | $2.64 | | To Sep 9, 2025 | $2.80 | | Trailing twelve months (to Sep 8, 2026) | $2.96 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | cross check | $49.53 | $0.00 | $173.87 | | DCF · Perpetuity growth · 10y | cross check | $72.56 | $13.86 | $226.48 | | DCF · EBITDA exit · 5y | cross check | $184.39 | $89.96 | $296.39 | | DCF · EBITDA exit · 10y | cross check | $191.07 | $87.33 | $332.47 | | P/E · peers | cross check | $95.94 | $81.77 | $114.32 | | P/E · own history | primary | $112.49 | $104.41 | $121.84 | | PEG | sanity check | $51.62 | $51.62 | $51.62 | | EV/EBITDA · peers | cross check | $82.98 | $66.28 | $104.15 | | EV/Revenue · peers | cross check | $63.30 | $49.11 | $94.05 | | Earnings power value | cross check | $0.00 | $0.00 | $0.00 | | Dividend discount | cross check | $70.71 | $46.66 | $126.28 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 5 open-market sales ($876,502.5); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Sep 11, 2026 | Flores Rafael | Director | Open-market sell | 248 | $26,171.4 | | Aug 18, 2026 | Martin Ryan J | SVP Finance | Open-market sell | 471 | $51,748.8 | | Aug 20, 2026 | Martin Ryan J | SVP Finance | Open-market sell | 500 | $54,940 | | Aug 14, 2026 | Shaw Theresa A | SVP and CATO | Open-market sell (10b5-1 plan) | 325 | $35,402.3 | | Aug 3, 2026 | MOEHN MICHAEL L | Group President, Utilities | Open-market sell (10b5-1 plan) | 6,500 | $708,240 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Sep 28, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/1002910/000110465926111420/tm2626189d1_8k.htm | | Sep 18, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1002910/000110465926108859/tm2625603d1_8k.htm | | Aug 24, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1002910/000110465926100236/tm2623767d1_8k.htm | | Aug 4, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1002910/000110465926090493/tm2621886d1_8k.htm | | Aug 4, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1002910/000110465926090479/tm2621667-3_424b5.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Bridgewater | 2026-06-30 | 141,897 | $16.0M | 1 tracked managers in all. ## About Operating across the United States, Ameren Corporation functions as a utility holding company. The enterprise organizes its operations into four primary divisions: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. Its fundamental business involves the rate-regulated production, transmission, and supply of electricity, in addition to the rate-regulated distribution and transmission of natural gas. Ameren generates power using a variety of sources, including coal, nuclear energy, and natural gas, supplemented by renewable alternatives such as hydroelectric, wind, methane gas, and solar. Its customer base encompasses residential homes, commercial businesses, and industrial operations. Established in 1881, Ameren Corporation is headquartered in St. Louis, Missouri. --- Source: https://sweetvaluelab.com/stocks/aee (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.