Illinois Legislation Would Extend Constructive Regulation for the Next Decade
We are reaffirming our $62 per share fair value estimate, no-moat rating, and stable moat trend after Ameren reported first-quarter operating EPS of $0.78, compared with $0.62 in the same year-ago period. Management reaffirmed its 2019 earnings guidance range of $3.15 to $3.35. Management expects long-term 6%-8% EPS growth through 2023, driven by 8% annual rate base growth.Ameren continues to work toward owning at least 700 megawatts of wind generation by 2020. To date, Ameren has agreements t...
Ameren is a public utility holding company. Through its subsidiary, Union Electric Company, the company operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri. Through its subsidiary, Ameren Illinois Company, the company operates rate-regulated electric transmission, electric distribution, and natural gas distribution businesses in Illinois. Through its Ameren Transmission Company of Illinois subsidiary, the company operates a Federal Energy Regulatory Commission rate-regulated electric transmission business. The company also has other subsidiaries that conduct other activities, such as providing shared services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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