Latest news with #AEE
Yahoo
2 days ago
- Business
- Yahoo
What You Need To Know Ahead of Ameren's Earnings Release
Saint Louis, Missouri-based Ameren Corporation (AEE) generates and distributes electricity and natural gas to residential, commercial, industrial, and wholesale end markets in Missouri and Illinois. With a market cap of $26.8 billion, Ameren operates through Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission segments. The utilities major is set to unveil its Q2 results after the market closes on Thursday, Jul. 31. Ahead of the event, analysts expect AEE to report a non-GAAP profit of $1.01 per share, 4.1% up from $0.97 per share reported in the year-ago quarter. While the company has surpassed Wall Street's earnings projections once over the past four quarters, it has missed the estimates on three other occasions. More News from Barchart Opendoor Stock Is Surging Higher in a Frenzied Retail Rally. How Should You Play OPEN Shares Here? Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer Analysts Are Cutting Their Price Targets for UnitedHealth Stock Before Q2 Earnings. Is It Time to Ditch Shares? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! For the full fiscal 2025, AEE is expected to deliver an EPS of $4.94, up 6.7% from $4.63 reported in fiscal 2024. In fiscal 2026, its earnings are expected to further grow 7.5% year-over-year to $5.31 per share. Ameren's stock prices have soared 33.3% over the past 52 weeks, significantly outperforming the S&P 500 Index's ($SPX) 13.4% returns and the Utilities Select Sector SPDR Fund's (XLU) 20.3% gains during the same time frame. Ameren's stock prices gained 1.4% in the trading session after the release of its mixed Q1 results on May 1. The company's operating revenues from electric sales soared 18.9% year-over-year to $1.6 billion, along with a notable uptick in natural gas sales to $475 million. This led to its overall revenues growing 15.5% year-over-year to $2.1 billion, surpassing the consensus estimates by 5.7%. However, Ameren's profitability didn't flare as expected, due to an increase in operating and interest expenses. Its non-GAAP EPS grew by a modest 4.9% compared to the year-ago quarter to $1.07, and missed the Street's expectations by 93 bps. Nevertheless, the stock maintains a consensus 'Moderate Buy' rating overall. Of the 15 analysts covering the AEE stock, opinions include nine 'Strong Buys' and six 'Holds.' Its mean price target of $105 suggests a modest 4% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
The Hindu
09-07-2025
- The Hindu
KHB employee among three booked for selling govt site
The Lokayukta police on Wednesday booked an Assistant Executive Engineer (AEE) with Karnataka Housing Board (KHB) and two private individuals, for illegally selling a KHB site for ₹10 crore in Yelahanka New Town, causing a loss to the exchequer. The accused Syed Asghar, AEE with KHB (Yelahanka New Town) was arrested along with Govindaiah and Harini Satish from T. Dasarahalli, charging them under Prevention of Corruption Act, 1988 and also under section 409 (criminal breach of trust by a public servant), 420 (cheating), and 468 (forgery for the purpose of cheating) of Indian Penal Code. According to the Lokayukta police, Asghar sold KHB site 271 'A' Sector site measuring 50.5 x 80 ft to Govindaiah and Harini, causing wrongful loss to the government. The suspects have been issued notices to appear for an inquiry, a senior officer said. The role of a fourth suspect is yet to be established. On Wednesday, Lokayukta police launched raids at the KHB's Yelahanka New Town office and the residences of Asghar and Govindaiah. Officials said that the searches yielded documents and their photocopies related to the site.
Yahoo
20-06-2025
- Business
- Yahoo
Is Ameren Stock Outperforming the S&P 500?
Saint Louis, Missouri-based Ameren Corporation (AEE) generates and distributes electricity and natural gas to residential, commercial, industrial, and wholesale end markets in Missouri and Illinois. With a market cap of $25.5 billion, Ameren operates through Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission segments. Companies with a market cap of $10 billion or more are categorized as "large-cap stocks." Ameren fits this description perfectly, with its market cap exceeding this threshold, reflecting its substantial size and influence in the utility sector. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer CoreWeave Stock Is Too 'Expensive' According to Analysts. Should You Sell CRWV Now? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Ameren touched its all-time high of $104.10 on Mar. 4 and is currently trading 9.3% below that peak. AEE stock has dropped 5.4% over the past three months, notably lagging behind the S&P 500 Index's ($SPX) 6.5% gains during the same time frame. Nevertheless, Ameren has significantly outperformed the broader market over the longer term. AEE stock has gained 5.9% on a YTD basis and 34.5% over the past 52 weeks, compared to SPX's 1.7% uptick in 2025 and 9% returns over the past 52 weeks. To confirm its overall bullish trend and recent downturn, AEE stock has traded consistently above its 200-day moving average since mid-July last year, but dropped below its 50-day moving average in early April. Ameren's stock prices gained 1.4% in the trading session after the release of its mixed Q1 results on May 1. The company's operating revenues from electric sales soared 18.9% year-over-year to $1.6 billion, along with a notable uptick in natural gas sales to $475 million. This led to its overall revenues growing 15.5% year-over-year to $2.1 billion, surpassing the consensus estimates by 5.7%. However, Ameren's profitability didn't flare as expected, due to an increase in operating and interest expenses. Its non-GAAP EPS grew by a modest 4.9% compared to the year-ago quarter to $1.07, and missed the Street's expectations by 93 bps. While the stock has lagged behind its peer Consolidated Edison, Inc.'s (ED) 12.9% gains in 2025, Ameren has significantly outperformed ED's 11.4% returns over the past 52 weeks. Among the 16 analysts covering the AEE stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $104.07 suggests a 10.2% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Time of India
08-06-2025
- Politics
- Time of India
SC refuses to stay recruitment of 621 assistant executive engineers in state
1 2 3 Cuttack: The Supreme Court has refused to stay the recruitment process for 621 assistant executive engineer (AEE) posts by the Odisha Public Service Commission (OPSC), even as it admitted a special leave petition (SLP) challenging a Jan 15 order by the Orissa high court related to the case. The recruitment advertisement, published on Dec 28, 2023, for 580 civil and 41 mechanical AEE posts, followed the Odisha Engineering Service (Methods of Recruitment and Conditions of Service) Amendment Rules, 2023. The rules replaced the traditional written test with selection based on the highest valid GATE score from the preceding three years, including the year of advertisement. Following the HC's Jan 15 directive, OPSC extended the application deadline to May 8, allowing otherwise eligible candidates to apply after appearing in GATE. However, Ritesh Kumar Mohapatra challenged the HC order in the SC via an SLP. On June 3, an SC bench comprising Justices Prashant Kumar Mishra and Augustine George Masih issued notice to the Odisha govt returnable in the week beginning Aug 11 but declined to halt the recruitment process. Meanwhile, a separate batch of petitions filed in the HC has questioned the revised application window, arguing it deprived aspirants of a chance to appear in GATE 2025. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The petitioners claimed that by the time the HC order was issued in Jan, GATE 2025 registration had already closed (Sept/Oct 2024), preventing them from availing the benefit. In response, the HC's vacation bench of Justice A K Mohapatra passed an interim order on May 26, allowing the recruitment process to continue but directing that one post be kept vacant per petitioner until the next hearing. The court also instructed OPSC and the state govt to file counter affidavits. The case is now slated for hearing in the week beginning July 7. State govt and OPSC have defended the ongoing process, stating that delaying recruitment would hamper critical infrastructure projects. They argued that GATE 2025 was an open opportunity and that the petitioners had chosen not to apply. The final outcome now hinges on the legal proceedings in both the SC and HC. Cuttack: The Supreme Court has refused to stay the recruitment process for 621 assistant executive engineer (AEE) posts by the Odisha Public Service Commission (OPSC), even as it admitted a special leave petition (SLP) challenging a Jan 15 order by the Orissa high court related to the case. The recruitment advertisement, published on Dec 28, 2023, for 580 civil and 41 mechanical AEE posts, followed the Odisha Engineering Service (Methods of Recruitment and Conditions of Service) Amendment Rules, 2023. The rules replaced the traditional written test with selection based on the highest valid GATE score from the preceding three years, including the year of advertisement. Following the HC's Jan 15 directive, OPSC extended the application deadline to May 8, allowing otherwise eligible candidates to apply after appearing in GATE. However, Ritesh Kumar Mohapatra challenged the HC order in the SC via an SLP. On June 3, an SC bench comprising Justices Prashant Kumar Mishra and Augustine George Masih issued notice to the Odisha govt returnable in the week beginning Aug 11 but declined to halt the recruitment process. Meanwhile, a separate batch of petitions filed in the HC has questioned the revised application window, arguing it deprived aspirants of a chance to appear in GATE 2025. The petitioners claimed that by the time the HC order was issued in Jan, GATE 2025 registration had already closed (Sept/Oct 2024), preventing them from availing the benefit. In response, the HC's vacation bench of Justice A K Mohapatra passed an interim order on May 26, allowing the recruitment process to continue but directing that one post be kept vacant per petitioner until the next hearing. The court also instructed OPSC and the state govt to file counter affidavits. The case is now slated for hearing in the week beginning July 7. State govt and OPSC have defended the ongoing process, stating that delaying recruitment would hamper critical infrastructure projects. They argued that GATE 2025 was an open opportunity and that the petitioners had chosen not to apply. The final outcome now hinges on the legal proceedings in both the SC and HC.
Time of India
06-06-2025
- Time of India
Lokayukta traps Mescom engineer while accepting bribe
Udupi: Sleuths of Karnataka Lokayukta (Mangaluru division) caught an assistant executive engineer (AEE) of Mescom office in Brahmavar, Udupi, while allegedly accepting a bribe on Friday. Tired of too many ads? go ad free now Ashok Poojary, Mescom AEE, allegedly harassed a person for about two months for providing an electricity connection to a house. To provide the connection, Poojary demanded a bribe of Rs 20,000 from the complainant. Unwilling to pay a bribe for a govt service, the complainant reported the matter to the Udupi Lokayukta police station, said Kumarachandra, SP (in-charge), Lokayukta. On Friday morning, Poojary was caught by Lokayukta police at the Brahmavar Mescom office while allegedly accepting a bribe of Rs 20,000 from the complainant. The officer was taken into custody, and the investigation is going on, he said. Manjunath, in-charge deputy superintendent of police, Lokayukta, Udupi, Rajendra Naik, M, police inspector, Lokayukta, Udupi, and Bharati, G, police inspector, Lokayukta, Mangaluru, along with staff from the Udupi and Mangalore Lokayukta stations were part of the operation.
