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Ameren AEE

Ameren scores average on business quality (5.4 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$102.19Oct 9, 2026
Business qualityAverage
Next earningsNov 3, 2026
Insiders, 90 daysSelling

Why it matters

  1. What Ameren does

    Ameren generates electricity and distributes natural gas to residential and commercial customers across Missouri and Illinois, charging regulated utility rates.

  2. What it does best

    Ameren captures a gross margin of 96.0%, putting it in the top decile of its sector. This immense margin stems from regulated monopoly control over essential utility infrastructure.

  3. The main risk

    Heavy capital expenditure of $4.7B drives a negative free cash flow of $1.4B, forcing reliance on continuous debt issuance to fund operations.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityFair

Operating margin stands at 24.9% with a return on equity of 11.7%, though negative free cash flow of $1.4B shows capital spending currently exceeds operating cash generation.

MoatFair

Regulatory barriers create a geographic monopoly locking in millions of captive customers, backed by a gross margin ranking in the sector's top decile at 96.0%.

GrowthSteady

Revenue grew 15.4% to $8.7B, accelerating well past its historical range due to increased energy demand.

Financial healthFair

Total debt sits at $19.8B with an interest coverage ratio of 2.6x, leaving little margin for error as borrowing needs persist and free cash flow remains negative at -$1.4B.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

2 sold $133K outside pre-planned sales.

Our sealed record on AEE

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is AEE a good business?

Ameren scores average on the Cluenex quality check (5.4 of 10), measured against its own industry. Profitability is fair, moat fair, growth steady and financial health fair.

Are insiders buying AEE?

In the last 90 days of SEC Form 4 filings: 2 sold $133K outside pre-planned sales.

When does AEE report earnings?

Nov 3, 2026.

For members

See AEE today

  • Today's verdict on AEE, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Ameren (AEE)”, https://cluenex.com/stocks/aee/, data as of Oct 10, 2026.