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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 (NYSE: AEE) is a public utility holding company whose subsidiaries provide regulated electric and natural gas services in Missouri and Illinois, along with electric transmission service in the MISO region. Its four reportable segments are Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois… From the company’s description.

In fiscal 2025, Ameren reported revenue of $8.80B, up 15.4% from fiscal 2024, and net income of $1.46B. Its operating margin was 23.0%, and operations generated $3.35B in cash. Over the twelve months to Jun 30, 2026, revenue was $8.75B.

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 (NYSE: AEE) is a public utility holding company whose subsidiaries provide regulated electric and natural gas services in Missouri and Illinois, along with electric transmission service in the MISO region. Its four reportable segments are Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. Ameren Missouri generates, transmits, and distributes electricity and distributes natural gas; Ameren Illinois operates electric distribution, electric transmission, and natural gas distribution businesses; and Ameren Transmission primarily comprises the transmission businesses of Ameren Illinois and ATXI. The companies serve retail utility customers as well as wholesale and transmission customers. Ameren’s transmission network integrates assets owned by its subsidiaries and connects directly with 15 other balancing authority areas. The company was formed in 1997 and operates through separate subsidiary companies, including Ameren Missouri, Ameren Illinois, and ATXI. Its website is www.ameren.com.

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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  • “What changed in Ameren's last four quarterly filings that the numbers alone won't show?”
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