Ameren Corp (AEE) released its first quarter results on Monday, May 10, 2021. The company reported net earnings of $0.91 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 55 percent compared to the same period a year ago.
The company was founded in 1881 and is headquartered in St. Louis, Missouri. Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission.
Ameren's revenue increased 2 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 47.19% for the first quarter compared to the same period in the previous year, and operating margins increased to 20.18% over the same period. Net earnings for past trailing twelve months were $958.0 million, up 22% from the prior year.
Moving on to the balance sheet, Ameren's cash levels jumped 141% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 27.76% this past year. The current ratio for Ameren now stands at 0.79. The company increased shares outstanding by 3.48%.
Shares of AEE are currently trading around $83.39. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 21.81 and price to book ratio of 2.33.