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Companies / Utilities / Ameren
AEE

Ameren

UtilitiesElectric, Gas & WaterS&P 500
Ticker AEEST LOUIS, MOFiscal year ends DecemberBook value per share $49.13Diluted shares 278.6M

Ameren Corporation (NYSE: AEE) operates as a public utility holding company headquartered in St. Louis, Missouri, with its primary business conducted through three principal subsidiaries: Ameren Missouri, Ameren Illinois, and Ameren Transmission Company of Illinois (ATXI). The company's website is www.ameren.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$8.80BFY2025
+15.4% year over year
Last 12 mo $8.75B
23.03%FY2025
+3.1 percentage points
Last 12 mo 24.87%
$1.46BFY2025
+23.1% year over year
Last 12 mo $1.57B
11.10%FY2025
+1.3 percentage points
Last 12 mo 11.65%
Cash & financing
$3.35BFY2025
+21.4% year over year
Last 12 mo $3.25B
$-821.00MFY2025
+50.2% year over year
Last 12 mo $-1.45B
1.48FY2025
Was 1.55× a year earlier
Last 12 mo 1.59
272.2MFY2025
+1.8% year over year
Last 12 mo 278.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Ameren does

In the company’s own words

Ameren Corporation (NYSE: AEE) operates as a public utility holding company headquartered in St. Louis, Missouri, with its primary business conducted through three principal subsidiaries: Ameren Missouri, Ameren Illinois, and Ameren Transmission Company of Illinois (ATXI). The company's website is www.ameren.com.

Ameren Missouri operates rate-regulated electric generation, transmission, and distribution businesses alongside a natural gas distribution business throughout Missouri. Ameren Illinois operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois. ATXI operates a Federal Energy Regulatory Commission-regulated electric transmission business within the Midcontinent Independent System Operator footprint.

The company organizes its operations into four reportable segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. As of 2025, Ameren Missouri represented approximately 52 percent of operating revenues, Ameren Illinois Electric Distribution represented 26 percent, Ameren Illinois Natural Gas represented 1 percent, and Ameren Transmission represented approximately 8 percent, with the remainder from other operations.

Ameren serves millions of customers across its service territories in Missouri and Illinois through an integrated transmission system composed of assets from all three operating subsidiaries. The company operates two MISO balancing authority areas with combined peak demand of approximately 15,500 megawatts. Ameren Missouri's generation portfolio includes nuclear, coal, natural gas, hydroelectric, and renewable energy sources, including wind and solar facilities.

The company's business model centers on rate-regulated utility operations, with revenues determined through regulatory proceedings before the Missouri Public Service Commission, Illinois Commerce Commission, and FERC. Ameren's competitive advantages include its integrated transmission infrastructure, diversified generation portfolio, established regulatory relationships, and participation in organized wholesale markets. The company has invested substantially in grid modernization, renewable energy integration, and customer energy-efficiency programs to support long-term sustainability and regulatory compliance across its service territories.

Company details
Sector
Utilities
Industry (SIC)
Electric, Gas & Water
Headquarters
ST LOUIS, MO
Fiscal year end
December
CIK
1002910
SIC
4931

Financial performance, year by year

Fiscal 2013–2025 · USD
$-879.90M$1.76B$4.40B$7.04B$9.68B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Ameren — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

701
funds hold it
0 of 35
superinvestors hold it
$14.32B
held by funds, at market
46.0%
of shares held by funds
42
bond issues held by funds

Largest fund holders · Ameren’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.05%of fund net assets
T. Rowe Price Capital Appreciation Fund
PRWCX · T. ROWE PRICE CAPITAL APPRECIATION FUND, INC.
1.15%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.30%of fund net assets
2.20%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Ameren’s bonds, as funds hold them

Funds report holding 42 issues of Ameren’s debt, $2.79B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.49%, maturing 2026 to 2056.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Ameren and its peers compare on margins and cash generation over ten years?”
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