2024-06-20 08:53:26 ET
Summary
- Headquartered in St. Louis, Missouri, Ameren is a major electricity and natural gas provider with over 2.4 million electric customers.
- Ameren Corporation is a reliable earner with steadily increasing dividends, a fairly valued stock likely to match S&P 500 performance with lower volatility.
- The company aims for a 6-8% compound annual earnings growth rate from 2024 through 2028, leaning into renewable energy sources for future sustainability.
- Shares are a hold with a price target of $75.
Investment Thesis
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For further details see:
Ameren Corporation: Reliable Earnings At A Fair Price