AEE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $99.94
Market Cap (MRQ) $27.66B
P/E (TTM) 17.6
EPS (TTM) $5.68
Revenue (TTM) $8.75B
Div Yield 2.8%
ROE (TTM) 12.1%
Debt/Equity (MRQ) 1.6
52W Range $97–$118

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About Ameren Corporation Common Stock Company overview from Wikipedia

05 · wikidata

Ameren Corporation is an American power company created December 31, 1997, by the merger of Union Electric Company (formerly NYSE: UEP) of St. Louis, Missouri and the neighboring Central Illinois Public Service Company (CIPSCO Inc. holding, formerly NYSE: CIP) of Springfield, Illinois. It is now a holding company for several power companies and energy companies. The company is based in St. Louis, with 2.4 million electric, and 900,000 natural gas customers across 64,000 square miles in central and eastern Missouri and the southern four-fifths of Illinois by area.

Ameren is the holding company for the following:

Ameren Missouri

Ameren Illinois

Ameren Transmission Company

Ameren Services

The Ameren Missouri subsidiary owns Bagnell Dam on the Osage River, which forms the Lake of the Ozarks. Ameren Missouri is responsible for managing water levels on the lake according to federal regulations.

History

Origins

Prior to the formation of Ameren, the first major development in the history of its constituent parts occurred in 1929, when the Bagnell Dam was completed on the Osage River and generated almost 175 megawatts of hydroelectricity for Missouri's Union Electric Company. The dam also created the Lake of the Ozarks with 1,400 miles (2,300 km) of shoreline.

In 1931, Union Electric Light and Power sought additional generating sources (interurbans being one need) and the company began buying power from the Keokuk, IA dam, 150 miles (240 km) north of St. Louis. Union Electric later bought the dam, providing 134 megawatts of hydroelectricity carried over a longer distance than had ever been achieved before.

By the 1950s Union Electric owned gas operations in and around Alton, Illinois, and acquired other utilities to become the third largest distributor of natural gas in Missouri.

In 1952, Ameren's second major constituent, the Central Illinois Public Service Company, became a major pooled energy power distributor with its future Ameren mate, Union Electric Company. The arrangement formed the Midwest Power Pool system. The CIPS Meredosia, Illinois Power Station became a key contributor to the pool, which also included the later Ameren subsidiary Illinois Power Company.

In 1963 Union Electric completed construction of one of the largest pumped storage plants at that time, the then-350-megawatt Taum Sauk Plant, in Reynolds County, Missouri. In 1984 Union Electric added nuclear energy to the mix, when the Callaway Nuclear Generating Station began providing 1,143 megawatts of power from Callaway County, Missouri.

Ameren history

In 1995 shareholders of both CIPSCO Inc. and of its neighboring utility of twice its size, the S&P 500-listed Union Electric Company, approved the merger of the two companies, which were to then be combined as Ameren Corporation. Both of those former utilities had traded publicly on the New York Stock Exchange, under ticker symbol CIP and UEP, respectively. At the time of the merger, Union Electric had assets of nearly US$600 million, but still carried nearly US$1.8 billion in long-term debt, although down from US$2.5 billion which it had accumulated by the 1980s. CIPSCO had assets of about US$210 million, but still carried nearly half of US$1 billion in long-term debt, which it had also accumulated by the 1980s.

The merger was completed on December 31, 1997, when the two public companies became one, as Ameren Corporation, which then began to trade publicly on the New York Stock Exchange with the ticker symbol AEE. The name Ameren comes from the combination of American energy/ Following the merger, Union Electric began doing business as AmerenUE, now known as Ameren Missouri. Today, with nine power plants Ameren Missouri serves 1.2 million power customers and 110,000 gas customers, primarily in Missouri, where more than half of its customers reside in the St. Louis metropolitan area. It also served Iowa as well through the mid-1990s, and served adjoining parts of Illinois until 2010. The former CIPSCO Inc. utility, Central Illinois Public Service Company, became Ameren's other operating company, doing business as AmerenCIPS.

In 2000, Ameren formed the holding company, AmerenEnergy Resources. It contained two further subsidiaries, AmerenEnergy Marketing, and AmerenEnergy Generating. In 2002, Ameren Corporation announced a voluntary retirement program, which was offered to approximately 1,000 of Ameren's 7,400 current employees, expecting to realize significant long-term savings.

In 2003, Ameren acquired Peoria-based CILCORP, Inc. and its leading subsidiary, Central Illinois Light Company, from AES Corporation. CILCORP had traded on the NYSE with ticker symbol CER prior to its acquisition by AES, and by the mid-1990s had become a member of the S&P Small Cap 600 index. CILCO had been another pioneer utility in the region, which had paid a dividend since 1921. By 1996, it had grown to over US$150 million in assets, and carried US$330 million in long-term debt. Following the 2003 Ameren acquisition, that utility began doing business as AmerenCILCO.

At the end of 2003, Ameren's chairman and chief executive, Charles Mueller, retired and was succeeded in both positions by Gary Rainwater, the company's president and chief operating officer the past two years.

In 2004, Ameren acquired the third partner from the 1952 Midwest Power Pool system, Illinois Power Company, from Dynegy Inc. That utility had traded publicly on the NYSE under the ticker symbol IPC through the 1980s, and paid dividends since 1947. As of the late 1980s, the company generated electricity and natural gas, almost entirely from coal plants, with less than 1% fueled from oil and gas. By then, with about $360 million in assets, it carried long-term debt of over US$2 billion.

In 1991, Illinois Power reorganized as a holding company, Illinova Corporation, which traded on the NYSE with ticker symbol ILN. Illinova had grown to an S&P Midcap 400 stock by 1996, with over US$415 million in assets, and had brought the IP utility's debt down to US$1.8 billion by then. In a merger completed February 1, 2000, Illinova became a wholly owned subsidiary of Dynegy Inc. (NYSE: DYN), in which Chevron Corporation also took a 28% stake. Dynegy in turn had been created in June 1998, from the merger of Chevron's natural gas and natural gas liquids businesses with Dynegy's predecessor, NGC Corp. (former ticker NGL). NGC had been an integrated natural gas services company around since 1994. Following Ameren's acquisition of Illinois Power, that subsidiary began doing business as AmerenIP. The IP acquisition made Ameren the major investor-owned power company in downstate Illinois.

In December 2004, Ameren announced that Patrick T. Stokes, the president and chief executive officer of Anheuser-Busch Cos., Inc., was elected to the Ameren board of directors. In 2009, AmerenUE signed an agreement to purchase 102 megawatts (MW) of wind power from phase II of Horizon Wind Energy's Pioneer Prairie Wind Farm in Iowa, which is enough to power 26,000 households. The power AmerenUE is purchasing will tie into the Midwest Independent System Operator (MISO) transmission grid, of which the company is a member, fulfilling AmerenUE's commitment to add 100 megawatts of renewable capacity to serve its Missouri customers by 2010. On October 1, 2010 Ameren's three Illinois operating companies merged to become Ameren Illinois Company. The merger resulted in a single operating company providing power to most of downstate Illinois. However, the Ameren Illinois service territory is split into three rate zones corresponding to the service territories of the three former Illinois operating companies—Zone I (the former AmerenCIPS), Zone II (the former AmerenCILCO) and Zone III (the former AmerenIP). On the same date, AmerenUE changed its name to Ameren Missouri Company. The former Illinois portion of the AmerenUE territory was transferred to Ameren Illinois Zone I. In 2015, Ameren became the first major energy company to open an Innovation Center at the Research Park, University of Illinois at Urbana-Champaign. In 2016, Ameren was named 10th on Business Insider’s 10 best energy companies to work for in America list. In the report, seventy four percent of employees said their job has high meaning.

Ameren Transmission

Ameren owns and operates transmission lines at the following voltages: 345kV, 230kV, 161kV, 138kV, 69kV and 34.5kV.

Service area

As of 2021, Ameren Illinois and Ameren Missouri distribute electricity and natural gas to most of central and southern Illinois and to much of northern and eastern Missouri. This service area includes the cities of St. Louis and East Saint Louis and surrounding suburbs. It excludes almost all of the Chicago metropolitan area, where about three quarters of Illinois's population resides.

Ownership

As of 2017 Ameren shares are mainly held by institutional investors (Vanguard group, BlackRock, State Street Corporation, among others).

Taum Sauk pumped storage plant

Ameren Missouri owns the Taum Sauk pumped storage plant, which failed on December 14, 2005, causing extensive damage to the east fork of the Black River and to Johnson's Shut-Ins State Park. Consequently, FERC fined Ameren $15 million. The State of Missouri has sued Ameren for actual and punitive damages, alleging Ameren recklessly operated the plant and put financial considerations from sale of power to other companies over safety, maintenance and engineering. The plant was operated by remote control with no one onsite during pumping operations. Rebuilding the upper reservoir of the AmerenUE Taum Sauk pumped-storage hydroelectric plant cost $450 million. The upper reservoir was constructed with roller compacted concrete (RCC); and online in 2010, this 54.5-acre (221,000 m2) reservoir is the largest RCC dam in North America. The 450-megawatt Taum Sauk pumped storage hydroelectric plant began generating electricity again on April 21, 2010.

Environmental issues

Clean Air Act

In 2011 the United States Environmental Protection Agency (EPA) filed suit (Case No. 4:11 CV 77 RWS) against Ameren Missouri concerning excess sulfur (SO2) emissions from the Rush Island Plant in Festus, Missouri United States v. Ameren Missouri, 229 F.Supp.3d 906 (2017) 48295 (D.C., E.D. Missouri, Eastern Division. January 23, 2017).

EPA alleged Ameren violated the Clean Air Act, the Missouri State Implementation Plan, and Ameren's Rush Island Plant Title V Permit when it undertook major modifications at the Rush Island Plant in 2007 through 2010 without obtaining the required permits under the Prevention of Significant Deterioration (PSD) provisions of the New Source Review (NSR) program.

In January 2017 the District Court found that Ameren "...violated the Clean Air Act without obtaining the necessary permits, installing best-available pollution technology, and otherwise meeting applicable requirements." Judge Rodney Sippel entered a finding of liability in January 2017 and ordered a remedy that called for the company to equip its Rush Island coal plant in Jefferson County, Missouri, with scrubbers. Ameren instead decided to close the plant in 2024, 15 years ahead of schedule. Sippel also ordered Ameren to install sulfur dioxide scrubbers on its Labadie plant, also in Missouri, but a federal appeals court overturned that condition even though “the government never provided notice of or alleged” that the plant committed a Clean Air Act violation.

Electric vehicles

Ameren has a history of supporting the adoption of electric vehicles. In 2016, the company attempted to launch a pilot program to install electric vehicle charging stations but state utility regulators turned down oversight of the project. As a result, Ameren canceled the program because it would not recover its investments. However, in early 2018 Ameren tried again, this time launching a program called "Charge Ahead" which incentivizes the installation of around 1,200 charging stations. In addition, the program creates incentives for the adoption of commercial electric vehicles.

Former manufactured gas plant

In the nineteenth and twentieth centuries a local utility company operated a coal gasification plant at the corner of Ash and Orr streets in Columbia, Missouri, that was subsequently demolished. The company was purchased by the Ameren Corporation. The gasification process contaminated the soil and some groundwater in the area with carcinogenic chemicals. In June 2014 Ameren was removing contaminated soil from the area, and expected to finish by September 2014. As of 2019 the city is considering purchasing the lot to create a public park. Ameren has been criticized by the North Village Board of Directors for owning "a whole city block that is in disrepair and for an aversion to commerce."

Lake of the Ozarks

Ameren Missouri sponsors the Adopt-the-Shoreline program, which enables people to “adopt” portions of the shoreline for litter control. They also control other shoreline activities in the Lake of the Ozarks such as the regulation of boat docks, seawalls and other structures within the Osage Project boundary on the lake and downstream from Bagnell Dam. The company maintains the Lake and Shoreline Protection Hotline that anyone who wishes can use to report neglected docks or other concerns they may have about the lake.

Labadie Energy Center

Ameren UE Tower

The Ameren UE Tower is a unique combination of an electricity pylon and a radio tower located near Ameren's headquarters in St. Louis, Missouri, USA at 38.623313 N 90.210840 W. It is a 106.5-metres (with antennas on top 111 metres) tall lattice steel structure, which was built in 2009. It carries two 138 kV circuits on three crossbars approximately in half height.

Unlike other electricity pylons that carries antennas, the height of the Ameren UE Tower is not determined by its function as electricity pylon, but rather by its task as radio tower, which requires a significantly greater height than a pour use as an electricity pylon. The design of the Ameren UE Tower has the disadvantage that the installation of larger antennas with a crane or pulley is significantly hampered by the crossbars and power conductors, requiring the shutdown of the high-voltage circuits.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorUtilities industryUtilities employees8,913 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$8.80B
2016-12-31 → 2025-12-31
EPS$5.35
2016-12-31 → 2025-12-31
Free Cash Flow$-775M
2016-12-31 → 2025-12-31
Net margin17.9%
2016-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend AEE 5Y avg Peer Median Verdict
P/E (TTM) 17.65Y avg ≈20.0 ≈20.0 23.8 Undervalued
P/S (TTM) 3.25Y avg ≈3.1 ≈3.1 3.3 Overvalued
P/B (MRQ) 2.05Y avg ≈2.1 ≈2.1 2.3 Fair value
EV / EBITDA 13.05Y avg ≈13.3 ≈13.3 13.1 Fair value
Price / FCF (TTM) -19.85Y avg ≈-21.8 ≈-21.8 · ·
Price / Cash Flow (TTM) 8.55Y avg ≈9.7 ≈9.7 9.6 Undervalued
EV / Revenue 5.45Y avg ≈5.3 ≈5.3 · ·
EV / FCF -61.35Y avg ≈-37.4 ≈-37.4 · ·
Price / Tangible Book 2.15Y avg ≈2.1 ≈2.1 · ·
PEG Ratio ≈2.0 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Dividend Yield2.8%
Payout Ratio52.6%
Annualized Payout≈$3.00Paid quarterly
5Y Div CAGR≈7.5%Per share, split-adjusted
Growth Streak≈12Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Sep 8, 2026$0.75USD≈2.8%
Jun 9, 2026$0.75USD≈2.7%
Mar 10, 2026$0.75USD≈2.6%
Dec 9, 2025$0.71USD≈2.9%
Sep 9, 2025$0.71USD≈2.8%
Jun 10, 2025$0.71USD≈2.9%
Mar 11, 2025$0.71USD≈2.8%
Dec 11, 2024$0.67USD≈3.0%
Sep 11, 2024$0.67USD≈3.2%
Jun 12, 2024$0.67USD≈3.7%
Mar 12, 2024$0.67USD≈3.5%
Dec 12, 2023$0.63USD≈3.2%
Sep 12, 2023$0.63USD≈3.1%
Jun 13, 2023$0.63USD≈3.0%
Mar 14, 2023$0.63USD≈2.9%
Dec 6, 2022$0.59USD≈2.7%
Sep 6, 2022$0.59USD≈2.5%
Jun 7, 2022$0.59USD≈2.4%
Mar 8, 2022$0.59USD≈2.6%
Dec 7, 2021$0.55USD≈2.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 2.2%
Next Report Nov 03, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 29, 2026 $1.13 $1.10 3.0%
March 31, 2026 $1.28 $1.19 7.3%
Dec. 31, 2025 $0.78 $0.78 -0.04%
Sept. 30, 2025 $2.17 $2.13 2.0%
June 30, 2025 $1.01 $0.99 1.7%
March 31, 2025 $1.07 $1.08 -0.49%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 13
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $8.80B$7.62B$7.50B$7.96B$6.39B$5.79B$5.91B$6.29B$6.17B$6.08B$6.10B$6.05B
Operating Expenses $6.77B$6.11B$5.94B$6.44B$5.06B$4.49B$4.64B$4.93B$4.76B$4.75B$4.84B$4.80B
Operating Income $2.03B$1.52B$1.56B$1.51B$1.33B$1.30B$1.27B$1.36B$1.41B$1.32B$1.26B$1.25B
Interest Expense $776M$663M$566M$486M$383M$419M$381M$401M$391M$382M$355M$341M
Other Non-op $347M$417M$348M$226M$202M$151M$130M$102M$86M$101M$44M$57M
Pretax Income $1.60B$1.27B$1.34B$1.25B$1.15B$1.03B$1.02B$1.06B$1.10B$1.04B$948M$970M
Income Tax $136M$83M$183M$176M$157M$155M$182M$237M$576M$382M$363M$377M
Net Income $1.46B$1.19B$1.16B$1.08B$995M$877M$834M$821M$529M$659M$630M$586M
EPS (Basic) $5.38$4.43$4.39$4.16$3.86$3.53$3.37$3.34$2.16$2.69$2.60$2.42
EPS (Diluted) $5.35$4.42$4.38$4.14$3.84$3.50$3.35$3.32$2.14$2.68$2.59$2.40
Shares (Basic) 270,500,000266,800,000262,800,000258,400,000256,300,000247,000,000245,600,000243,800,000242,600,000242,600,000242,600,000242,600,000
Shares (Diluted) 272,200,000267,400,000263,400,000259,500,000257,600,000248,700,000247,100,000245,800,000244,200,000243,400,000243,600,000244,400,000
EBITDA $3.64B$3.04B$2.99B$2.95B$2.55B$2.38B$2.27B$2.29B$2.33B$2.22B$2.04B$1.96B
Balance Sheet 26
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $13M$7M$25M$10M$8M$139M$16M$16M$10M$9M$292M$5M
Receivables $665M$525M$494M$600M$434M$415M$393M$463M$445M$437M$388M$423M
Inventory $774M$762M$733M$667M$592M$521M$494M$483M$522M$527M$538M$524M
Other Current Assets $210M$162M$139M$155M$155M$135M$118M$63M$98M$113M$88M$86M
Current Assets $2.57B$2.26B$2.18B$2.67B$1.97B$1.65B$1.43B$1.53B$1.61B$1.59B$1.92B$1.69B
PP&E (Net) $39.31B$36.30B$33.78B$31.26B$29.26B$26.81B$24.38B$22.81B$21.47B$20.11B$18.80B$17.42B
PP&E (Gross) ··$47.18B$43.84B$41.60B$39.72B$36.65B$34.00B$32.03B$30.12B$27.60B$26.20B
Accum. Depreciation $16.57B$16.50B$15.43B$14.46B$14.21B$13.77B$13.01B$12.27B$11.63B$10.96B$10.35B$9.76B
Goodwill $411M$411M$411M$411M$411M$411M$411M$411M$411M$411M$411M$411M
Other Non-current Assets $1.15B$1.12B$921M$768M$891M$789M$876M$650M$522M$538M$575M$629M
Total Assets $48.48B$44.60B$40.83B$37.90B$35.73B$32.03B$28.93B$27.21B$25.95B$24.70B$23.64B$22.29B
Accounts Payable $1.25B$1.06B$1.14B$1.16B$1.09B$958M$874M$817M$902M$805M$777M$711M
Short-term Debt $643M$1.14B$536M$1.07B$545M$490M$440M$597M$484M$558M$301M$714M
Current Liabilities $3.91B$3.41B$3.35B$3.37B$2.83B$2.18B$2.50B$2.69B$2.94B$2.67B$2.09B$2.25B
Capital Leases $73M$67M····$29M·····
Deferred Tax ······$2.88B$2.62B$2.51B$4.26B$3.88B$3.57B
Other Non-current Liabilities $540M$487M$426M$340M$414M$503M$467M$408M$460M$477M$531M$514M
Long-term Debt $19.43B$17.80B$16.11B$14.15B$13.18B$11.19B$9.44B$8.51B$8.00B$7.33B$7.33B$6.25B
Total Debt $19.83B$18.72B$16.51B$15.10B$13.61B$11.58B$9.80B$9.04B$8.42B$7.83B$7.58B$6.95B
Common Stock $3M$3M$3M$3M$3M$3M$2M$2M$2M$2M$2M$2M
Paid-in Capital $8.11B$7.51B$7.22B$6.86B$6.50B$6.18B$5.69B$5.63B$5.54B$5.56B$5.62B$5.62B
Retained Earnings $5.29B$4.60B$4.14B$3.65B$3.18B$2.76B$2.38B$2.02B$1.66B$1.57B$1.33B$1.10B
AOCI $0$-6M$-6M$-1M$13M$-1M$-17M$-22M$-18M$-23M$-3M$-9M
Stockholders' Equity $13.40B$12.11B$11.35B$10.51B$9.70B$8.94B$8.06B$7.63B$7.18B$7.10B$6.95B$6.71B
Liabilities + Equity $48.48B$44.60B$40.83B$37.90B$35.73B$32.03B$28.93B$27.21B$25.95B$24.70B$23.64B$22.29B
Shares Outstanding 276,400,000269,900,000266,300,000262,000,000257,700,000253,300,000246,200,000244,500,000242,600,000242,600,000242,600,000242,600,000
Cash Flow 17
Metric Trend 202520242023202220212020201920182017201620152014
D&A $1.61B$1.52B$1.43B$1.37B$1.22B$1.15B$1.00B$938M$876M$835M$777M$710M
Stock-based Comp $28M$28M$26M$24M$22M$21M$20M$20M$17M$17M$24M$25M
Other Non-cash $252M$24M$-51M$-278M$-575M$-256M$314M$391M$688M$618M$586M$230M
Operating Cash Flow $3.35B$2.76B$2.56B$2.26B$1.66B$1.73B$2.17B$2.17B$2.12B$2.12B$2.03B$1.56B
CapEx $4.13B$4.32B$3.60B$3.35B$3.48B$3.23B$2.41B$2.29B$2.13B$2.08B$1.92B$1.78B
Investing Cash Flow $-4.14B$-4.46B$-3.80B$-3.37B$-3.53B$-3.33B$-2.44B$-2.34B$-2.20B$-2.16B$-1.98B$-1.72B
Debt Issued $1.96B$2.54B$2.29B$1.47B$2.00B$2.18B$1.53B$1.35B$1.34B$396M$1.20B$898M
Net Debt Issued $1.96B$2.54B$2.29B$1.47B$2.00B$2.18B$1.53B$1.35B$1.34B$389M$1.20B$898M
Stock Issued $574M$273M$346M$333M$308M$476M$68M$74M$0$0··
Stock Repurchased ······$0$0$24M$51M··
Net Stock Activity $574M$273M$346M$333M$308M$476M$68M$74M····
Dividends Paid $768M$714M$662M$610M$565M$494M$472M$451M$431M$416M$402M$390M
Financing Cash Flow $884M$1.75B$1.29B$1.17B$1.72B$1.73B$334M$205M$102M$-258M$232M$127M
Net Change in Cash $92M$56M$56M$61M$-146M$125M$69M·$1M$-283M$287M$-25M
Taxes Paid $-312M$-92M$-24M$-8M$-1M$13M$13M$21M$-19M$-12M$-15M$-27M
Free Cash Flow $-775M$-1.56B$-1.03B$-1.09B$-1.29B$-942M$-241M$-116M$-28M$47M$100M$-234M
Levered FCF $-1.48B$-2.18B$-1.52B$-1.51B$-1.62B$-1.30B$-554M$-427M$-215M$-195M$-119M$-442M
Profitability 7
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 23.0%19.9%20.8%19.0%20.8%22.4%21.4%21.6%23.6%22.7%20.6%20.7%
Net Margin 16.6%15.6%15.4%13.6%15.6%15.1%14.1%13.1%8.5%10.8%10.3%9.7%
Pretax Margin 18.1%16.7%17.9%15.8%18.0%17.8%17.2%16.8%17.9%17.1%15.6%16.0%
EBITDA Margin 41.3%39.9%39.9%37.1%39.9%41.2%38.4%36.5%37.8%36.5%33.4%32.5%
ROA 3.1%2.8%2.9%2.9%2.9%2.9%3.0%3.1%2.1%2.7%2.7%2.7%
ROE 11.5%10.1%10.6%10.7%10.7%10.3%10.6%11.1%7.3%9.3%9.2%8.8%
ROIC 5.6%4.6%4.8%5.1%4.9%5.4%5.8%6.3%4.5%5.9%5.3%5.6%
Liquidity & Solvency 5
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 0.70.70.70.80.70.80.60.60.50.60.90.9
Quick Ratio 0.20.20.20.20.20.30.20.20.20.20.30.2
Debt / Equity 1.51.51.51.41.41.31.21.21.21.11.11.0
LT Debt / Equity 1.41.41.31.31.31.21.11.01.00.91.00.9
Interest Coverage 2.62.32.83.13.53.13.33.43.73.63.53.7
Efficiency 2
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.20.20.20.20.20.20.20.20.20.30.30.3
Receivables Turnover 14.815.013.715.415.114.313.813.914.014.715.014.6
Per Share 6
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $48.48$44.88$42.62$40.11$37.64$35.29$32.73$31.21$29.61$29.28$28.63$27.67
Revenue / Share $32.33$28.51$28.47$30.66$24.82$23.30$23.92$25.59$25.29$24.96$25.03$24.77
Cash Flow / Share $12.32$10.33$9.73$8.72$6.45$6.94$8.78$8.83$8.62$8.72$8.28$6.35
Cash / Share $0.05$0.03$0.09$0.04$0.03$0.55$0.07$0.07$0.04$0.04$1.20$0.02
Dividend Paid / Share $2.84$2.68$2.52$2.36$2.20$2.00$1.92$1.85$1.78$1.72$1.66$1.61
EPS (TTM) $5.35$4.42$4.38$4.14$3.84$3.50$3.35$3.32$2.14$2.68$2.59$2.40
Growth Rates 10
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 15.4%1.6%-5.7%24.4%10.4%·······
Revenue CAGR 3Y 3.4%6.0%9.0%·········
Revenue CAGR 5Y 8.7%···········
EPS YoY 21.0%0.91%5.8%7.8%9.7%·······
EPS CAGR 3Y 8.9%4.8%7.8%·········
EPS CAGR 5Y 8.9%···········
Net Income YoY 23.1%2.6%7.2%8.4%13.5%·······
Net Income CAGR 3Y 10.6%6.1%9.7%·········
Net Income CAGR 5Y 10.8%···········
Dividends Paid CAGR 5Y 9.2%···········
Valuation (TTM) 17
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $8.80B$7.62B$7.50B$7.96B$6.39B$5.79B$5.91B$6.29B$6.17B$6.08B$6.10B$6.05B
Net Income TTM $1.46B$1.19B$1.16B$1.08B$995M$877M$834M$821M$529M$659M$630M$586M
Market Cap $27.60B$24.06B$19.26B$23.30B$22.94B$19.77B$18.91B$15.95B$14.31B$12.73B$10.49B$11.19B
Enterprise Value $47.42B$42.77B$35.75B$38.38B$36.54B$31.21B$28.69B$24.97B$22.72B$20.55B$17.77B$18.14B
P/E 18.720.216.521.523.222.322.919.627.619.616.719.2
P/S 3.13.22.62.93.63.43.22.52.32.11.71.8
P/B 2.12.01.72.22.42.22.32.12.01.81.51.7
P / Tangible Book 2.12.11.82.32.52.3······
P / Cash Flow 8.28.77.510.313.811.48.77.36.86.05.27.2
P / FCF -35.6-15.5-18.6-21.4-17.7-21.0-78.5-137.5-511.1270.8104.9-47.8
EV / EBITDA 13.014.112.013.014.313.112.610.99.79.38.79.2
EV / FCF -61.2-27.5-34.6-35.3-28.3-33.1-119.0-215.2-811.4437.3177.7-77.5
EV / Revenue 5.45.64.84.85.75.44.94.03.73.42.93.0
Dividend Yield 2.8%3.0%3.4%2.6%2.5%2.5%2.5%2.8%3.0%3.3%3.8%3.5%
Earnings Yield 5.4%5.0%6.0%4.7%4.3%4.5%4.4%5.1%3.6%5.1%6.0%5.2%
Payout Ratio 52.6%60.2%57.2%56.5%56.8%56.3%56.6%54.9%82.4%63.7%63.8%66.5%
Annual Payout $768M$714M$662M$610M$565M$494M$472M$451M$431M$416M$402M$390M

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $8.80B $7.62B $7.50B $7.96B $6.39B
Operating Margin % 23.0% 19.9% 20.8% 19.0% 20.8%
Net Income $1.46B $1.19B $1.16B $1.08B $995M
Diluted EPS $5.35 $4.42 $4.38 $4.14 $3.84

Institutional owners (13F) 1,004 filers · $27.0B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 1,004
Value held $27.0B
New positions 99
Exited positions 72
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
99 (-43 vs prior Q) 72 (+12 vs prior Q) 404 (+34 vs prior Q) 245 (+21 vs prior Q) +15.3M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $3,559,565,123 35,645,555 13.19% Shares
BlackRock, Inc. $2,918,526,220 25,818,527 10.82% Shares
VANGUARD CAPITAL MANAGEMENT LLC $2,040,465,258 18,050,825 7.56% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,809,972,741 16,011,790 6.71% Shares
STATE STREET CORP $1,715,000,603 15,171,626 6.36% Shares
GEODE CAPITAL MANAGEMENT, LLC $880,794,496 7,820,813 3.26% Shares
FRANKLIN RESOURCES INC $689,447,479 6,099,146 2.56% Shares
AMERIPRISE FINANCIAL INC $671,112,940 5,936,910 2.49% Shares
JANUS HENDERSON GROUP PLC $591,056,349 5,377,156 2.19% Shares
FMR LLC $541,032,766 4,786,206 2.01% Shares
Invesco Ltd. $509,850,435 4,510,354 1.89% Shares
GOLDMAN SACHS GROUP INC $415,570,165 3,676,311 1.54% Shares
MORGAN STANLEY $384,631,248 3,402,611 1.43% Shares
ALLIANCEBERNSTEIN L.P. $380,746,832 3,463,854 1.41% Shares
WELLS FARGO & COMPANY/MN $330,679,492 2,925,333 1.23% Shares
BARCLAYS PLC $291,372,920 2,577,609 1.08% Shares
Pictet Asset Management Holding SA $272,977,131 2,414,872 1.01% Shares
Nuveen, LLC $269,421,121 2,383,415 1.00% Shares
DEUTSCHE BANK AG\ $253,518,765 2,242,735 0.94% Shares
BANK OF AMERICA CORP /DE/ $245,880,667 2,175,165 0.91% Shares
Point72 Asset Management, L.P. $241,863,775 2,139,630 0.90% Shares
NORTHERN TRUST CORP $238,517,564 2,110,028 0.88% Shares
Legal & General Group Plc $213,155,113 1,885,661 0.79% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $210,864,251 1,865,395 0.78% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $204,015,181 1,776,298 0.76% Shares
CITADEL ADVISORS LLC $200,768,422 1,776,083 0.74% Shares
VANGUARD FIDUCIARY TRUST CO $175,730,288 1,554,585 0.65% Shares
Bank of New York Mellon Corp $169,224,328 1,497,031 0.63% Shares
JPMORGAN CHASE & CO $161,331,774 1,407,904 0.60% Shares
JENNISON ASSOCIATES LLC $154,338,599 1,365,345 0.57% Shares
ANTIPODES PARTNERS Ltd $145,282,738 1,285,233 0.54% Shares
Soroban Capital Partners LP $141,098,902 1,248,221 0.52% Shares
Maple-Brown Abbott Ltd $136,933,494 1,363,770 0.51% Shares
DUFF & PHELPS INVESTMENT MANAGEMENT CO $136,334,831 1,206,076 0.51% Shares
DIMENSIONAL FUND ADVISORS LP $134,280,776 1,187,748 0.50% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $120,775,370 1,098,757 0.45% Shares
Qube Research & Technologies Ltd $113,835,010 1,007,033 0.42% Shares
VOYA INVESTMENT MANAGEMENT LLC $113,159,335 1,001,055 0.42% Shares
AQR CAPITAL MANAGEMENT LLC $106,740,516 944,272 0.40% Shares
MILLENNIUM MANAGEMENT LLC $99,279,302 878,267 0.37% Shares
UBS Group AG $98,931,591 875,191 0.37% Shares
ROYAL BANK OF CANADA $98,020,000 867,122 0.36% Shares
REAVES W H & CO INC $95,665,526 846,298 0.35% Shares
Swiss National Bank $88,193,808 780,200 0.33% Shares
ExodusPoint Capital Management, LP $86,434,566 764,637 0.32% Shares
LAZARD ASSET MANAGEMENT LLC $81,653,540 722,342 0.30% Shares
Clark Capital Management Group, Inc. $79,425,907 702,635 0.29% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $75,588,718 668,690 0.28% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $75,325,900 666,365 0.28% Shares
Sumitomo Mitsui Trust Group, Inc. $73,719,036 652,150 0.27% Shares

Show all 1,004 institutional owners →

Company insiders 88 insiders · 18 officers · 34 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Martin J Lyons Chairman, President & CEO March 3, 2026 S 282,681 0 1 $-2,999,325
Thomas R Voss Chairman & CEO March 10, 2014 M 132,624 0 0 $0
Andrew M Serri President & CEO of Subsidiary March 1, 2011 F 11,331 0 0 $0
Aaron P Melda Chairman & President of Sub July 1, 2026 A 6,251 0 0 $0
Patrick E Smith Chairman & President of Sub July 1, 2026 A 20,275 0 1 $-251,939
Ryan J Martin SVP Finance Aug. 20, 2026 S 25,595 0 3 $-253,992
Theresa A Shaw SVP and CATO Aug. 14, 2026 S 32,340 0 5 $-305,292
Ajay K Arora EVP of Subsidiary July 1, 2026 A 23,119 0 1 $-334,320
Eric V Seidler SVP of Subsidiary Feb. 27, 2026 F 14,041 0 0 $0
Chonda J Nwamu Executive Vice President March 4, 2025 S 43,344 0 0 $0
Stephen C Lee VP, INTERIM GC & SECRETARY Feb. 28, 2025 F 5,704 0 0 $0
Warner L Baxter Executive Chairman March 2, 2023 S 207,272 0 0 $0
Bruce A Steinke SVP, Finance & CAO March 1, 2021 S 54,617 0 0 $0
Gregory L Nelson SVP, GC & Secretary March 1, 2019 S 42,759 0 0 $0
Jerre E Birdsong Vice President & Treasurer March 8, 2013 M 18,996 0 0 $0
Michael G Mueller Vice President of Subsidiary March 1, 2011 F 9,115 0 0 $0
Karen C Foss Sr. Vice Pres. of Subsidiary Feb. 24, 2011 A · 0 0 $0
Gary L Rainwater Exec. Chmn March 1, 2010 F 65,842 0 0 $0
Rafael Flores Director Sept. 11, 2026 S 13,888 0 4 $-294,205
Catherine S Brune Director March 5, 2026 G 26,628 0 0 $0
Timothy S. Rausch Director March 1, 2026 A 1,251 0 0 $0
Jamie L Engstrom Director Jan. 5, 2026 A 1,686 0 0 $0
Steven O Vondran Director Jan. 5, 2026 A 3,597 0 0 $0
Ward H. Dickson Director Jan. 5, 2026 A 18,946 0 0 $0
Leo S. Mackay Jr. Director Jan. 5, 2026 A 11,834 0 0 $0
Steven H Lipstein Director Jan. 5, 2026 A 37,862 0 0 $0
Ellen M Fitzsimmons Director Jan. 5, 2026 A 53,026 0 0 $0
Richard J Harshman Director Jan. 5, 2026 A 22,135 0 1 $-262,250
Noelle K Eder Director Jan. 3, 2025 A 16,609 0 0 $0
James C Johnson Director Jan. 3, 2025 A 60,196 0 0 $0
Kimberly J Harris Director Jan. 3, 2025 A 3,939 0 0 $0
Edward J Coleman Director Jan. 3, 2024 A 23,252 0 0 $0
Gayle P W Jackson Director Jan. 2, 2019 A 30,449 0 0 $0
Walter J Galvin Director Jan. 2, 2019 A 30,683 0 0 $0
Jackie D Woodard Director Dec. 31, 2015 A 29,714 0 0 $0
Patrick T Stokes Director Jan. 9, 2015 A 29,328 0 0 $0
Stephen F Brauer Director Jan. 10, 2013 A 19,206 0 0 $0
Charles W Mueller Director Jan. 10, 2011 A 56,364 0 0 $0
Harvey Saligman Director Jan. 10, 2011 A 24,068 0 0 $0
Susan S Elliott Director Jan. 13, 2010 A 11,729 0 0 $0
Douglas R Oberhelman Director Jan. 13, 2010 A 12,155 0 0 $0
Richard A Liddy Director Jan. 11, 2008 A 15,555 0 0 $0
LOHMAN GORDON R Director Jan. 11, 2008 A 9,434 0 0 $0
Richard Anthony Lumpkin Director Jan. 12, 2007 A 12,243 0 0 $0
Paul L Miller JR Director July 1, 2005 S 4,617 0 0 $0
Thomas A Hays Director Jan. 6, 2005 A 14,657 0 0 $0
GREENWALT CLIFFORD L Director Jan. 6, 2005 A 20,769 0 0 $0
CORNELIUS WILLIAM E Director June 30, 2003 L 4,510 0 0 $0
MERRIMAN HANNE M Director March 31, 2003 L 5,180 0 0 $0
Michael L Moehn · Aug. 3, 2026 S 199,689 0 4 $-2,779,595
Mark C Lindgren · March 3, 2026 S 44,983 0 1 $-231,844
Shawn E Schukar · March 3, 2026 S 56,830 0 1 $-556,404
Leonard P Singh · Feb. 27, 2026 F 32,776 0 0 $0
Gwendolyn G Mizell · Feb. 27, 2026 F 6,324 0 1 $-393,473
David Matthew Feinberg · Feb. 5, 2026 A 8,260 0 0 $0
Craig S Ivey · Jan. 5, 2026 A 16,597 0 0 $0
Cynthia J Brinkley · Jan. 5, 2026 A 13,494 0 0 $0
Mark C Birk · March 4, 2025 G 108,339 0 0 $0
Fadi M Diya · Feb. 28, 2025 F 65,799 0 0 $0
Bhavani Amirthalingam · Feb. 29, 2024 F 39,622 0 0 $0
Richard J Mark · March 31, 2022 S 144,165 0 0 $0
Mary P Heger · Feb. 28, 2022 F 74,457 0 0 $0
Stephen R Wilson · Jan. 2, 2021 A 31,758 0 0 $0
Maureen A Borkowski · Feb. 28, 2017 F 38,544 0 0 $0
Daniel F Cole · March 1, 2016 F 73,743 0 0 $0
Charles D Naslund · Feb. 27, 2015 F 49,657 0 0 $0
Adam C Heflin · March 10, 2014 M 25,641 0 0 $0
Steven R Sullivan · March 10, 2014 M 42,733 0 0 $0
Scott A Cisel · March 1, 2012 F 17,893 0 0 $0
Donna K Martin · May 14, 2009 M 8,757 0 0 $0
Alan R Kelley · March 3, 2008 F 11,973 0 0 $0
David A Whiteley · March 2, 2007 F 15,865 0 0 $0
Jimmy L Davis · Nov. 23, 2005 S 973 0 0 $0
Michael L Menne · Oct. 7, 2005 P 1,424 0 0 $0
Robert L Powers · Sept. 7, 2005 S 0 0 0 $0
Garry L Randolph · May 13, 2005 S 11,688 0 0 $0
Ronald C Zdellar · May 3, 2005 M 12,769 0 0 $0
John Peters Maccarthy · April 22, 2005 S 9,661 0 0 $0
Craig D Nelson · March 14, 2005 J 7,784 0 0 $0
David J Schepers · March 4, 2005 S 3,819 0 0 $0
Samuel E Willis · March 4, 2005 S 11,897 0 0 $0
Jerry L Simpson · March 4, 2005 S 7,946 0 0 $0
Dennis W Weisenborn · Feb. 18, 2005 M 3,486 0 0 $0
Scott A Glaeser · Feb. 15, 2005 M 4,161 0 0 $0
Charles A Bremer · Feb. 11, 2005 M 17,850 0 0 $0
Ronald D Affolter · Nov. 4, 2004 M 7,349 0 0 $0
Kay J Smith · March 11, 2004 S 3,727 0 0 $0
Paul A Agathen · March 9, 2004 S 12,884 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 120 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
UTES · ETFis Series Trust I 4.00% 479,784 NS July 31, 2026 N-PORT
RSPU · Invesco Exchange-Traded Fund Trust 3.24% 153,699 SH Oct. 2, 2026 Daily
FXU · First Trust Exchange-Traded AlphaDE… 2.47% 186,989 NS July 31, 2026 N-PORT
PUI · Invesco Exchange-Traded Fund Trust 2.17% 10,432 SH Oct. 2, 2026 Daily
VPU · VANGUARD WORLD FUND 1.99% 1,893,953 SH Aug. 19, 2026 Daily
FUTY · FIDELITY COVINGTON TRUST 1.98% 418,785 NS July 31, 2026 N-PORT
IDU · iShares Trust 1.86% 229,081 SH Sept. 11, 2026 Daily
FPWR · First Trust Exchange-Traded Fund IV 1.70% 4,602 NS July 31, 2026 N-PORT
UTSL · Direxion Shares ETF Trust 1.70% 5,872 NS July 31, 2026 N-PORT
JXI · iShares Trust 1.33% 38,058 SH Sept. 11, 2026 Daily
POWR · iShares, Inc. 1.17% 50,782 SH Sept. 11, 2026 Daily
SPLV · Invesco Exchange-Traded Fund Trust … 1.15% 795,846 SH Oct. 2, 2026 Daily
HUSV · First Trust Exchange-Traded Fund III 1.07% 7,186 NS July 31, 2026 N-PORT
VRAI · ETFis Series Trust I 1.06% 1,800 NS July 31, 2026 N-PORT
EMLP · First Trust Exchange-Traded Fund IV 0.97% 366,658 NS July 31, 2026 N-PORT
TGLB · T. Rowe Price Exchange-Traded Funds… 0.94% 2,259 NS July 31, 2026 N-PORT
EIPX · First Trust Exchange-Traded Fund IV 0.71% 36,518 NS July 31, 2026 N-PORT
SPVM · Invesco Exchange-Traded Fund Trust 0.67% 8,814 SH Oct. 2, 2026 Daily
VOE · VANGUARD INDEX FUNDS 0.54% 1,777,440 SH Aug. 19, 2026 Daily
QLV · FlexShares Trust 0.50% 7,392 NS July 31, 2026 N-PORT
FTA · First Trust Exchange-Traded AlphaDE… 0.49% 62,130 NS July 31, 2026 N-PORT
JPUS · J.P. Morgan Exchange-Traded Fund Tr… 0.37% 15,582 NS July 31, 2026 N-PORT
HDV · iShares Trust 0.36% 526,406 SH Sept. 11, 2026 Daily
QUAL · iShares Trust 0.33% 1,449,925 SH Sept. 11, 2026 Daily
EQIN · Columbia ETF Trust I 0.32% 8,862 NS July 31, 2026 N-PORT
VRP · Invesco Exchange-Traded Fund Trust … 0.31% 9,390,000 Oct. 2, 2026 Daily
JPME · J.P. Morgan Exchange-Traded Fund Tr… 0.30% 12,882 NS July 31, 2026 N-PORT
VO · VANGUARD INDEX FUNDS 0.30% 5,996,696 SH Aug. 19, 2026 Daily
BSCQ · Invesco Exchange-Traded Self-Indexe… 0.29% 9,207,000 Oct. 2, 2026 Daily
IWS · iShares Trust 0.28% 412,152 SH Sept. 11, 2026 Daily
USMV · iShares Trust 0.26% 596,408 SH Sept. 11, 2026 Daily
FEX · First Trust Exchange-Traded AlphaDE… 0.26% 37,395 NS July 31, 2026 N-PORT
ESLG · Strategy Shares 0.26% 550 NS July 31, 2026 N-PORT
FAB · First Trust Exchange-Traded AlphaDE… 0.24% 3,752 NS July 31, 2026 N-PORT
JMOM · J.P. Morgan Exchange-Traded Fund Tr… 0.24% 55,288 NS July 31, 2026 N-PORT
IMCV · iShares Trust 0.24% 26,040 SH Sept. 11, 2026 Daily
IWR · iShares Trust 0.21% 1,133,470 SH Sept. 11, 2026 Daily
FDLO · FIDELITY COVINGTON TRUST 0.21% 27,218 NS July 31, 2026 N-PORT
REVS · Columbia ETF Trust I 0.21% 6,257 NS July 31, 2026 N-PORT
IMCB · iShares Trust 0.20% 32,388 SH Sept. 11, 2026 Daily
EUSA · iShares, Inc. 0.20% 35,705 SH Sept. 11, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.19% 15,502 SH Oct. 2, 2026 Daily
RSP · Invesco Exchange-Traded Fund Trust 0.19% 1,837,010 SH Oct. 2, 2026 Daily
SIZE · iShares Trust 0.18% 7,470 SH Sept. 11, 2026 Daily
DGRO · iShares Trust 0.18% 719,430 SH Sept. 11, 2026 Daily
IMCG · iShares Trust 0.17% 64,203 SH Sept. 11, 2026 Daily
PFIG · Invesco Exchange-Traded Fund Trust … 0.17% 225,000 Oct. 2, 2026 Daily
XOEF · iShares Trust 0.16% 348 SH Sept. 11, 2026 Daily
BSCT · Invesco Exchange-Traded Self-Indexe… 0.16% 4,707,000 Oct. 2, 2026 Daily
ROUS · Lattice Strategies Trust 0.15% 9,365 NS July 31, 2026 N-PORT
VIG · VANGUARD SPECIALIZED FUNDS 0.14% 1,563,495 SH Aug. 19, 2026 Daily
VYM · VANGUARD WHITEHALL FUNDS 0.13% 1,102,496 SH Aug. 19, 2026 Daily
VTV · VANGUARD INDEX FUNDS 0.12% 2,628,596 SH Aug. 19, 2026 Daily
ACWV · iShares, Inc. 0.12% 38,305 SH Sept. 11, 2026 Daily
BSCR · Invesco Exchange-Traded Self-Indexe… 0.11% 5,256,000 Oct. 2, 2026 Daily
RECS · Columbia ETF Trust I 0.11% 59,893 NS July 31, 2026 N-PORT
VOOV · VANGUARD ADMIRAL FUNDS 0.11% 63,603 SH Aug. 19, 2026 Daily
PFM · Invesco Exchange-Traded Fund Trust 0.10% 7,882 SH Oct. 2, 2026 Daily
VFMV · VANGUARD WELLINGTON FUND 0.10% 3,846 SH Aug. 19, 2026 Daily
IVE · iShares Trust 0.10% 460,424 SH Sept. 11, 2026 Daily
IUSV · iShares Trust 0.09% 243,326 SH Sept. 11, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.09% 166,794 SH Aug. 19, 2026 Daily
IWD · iShares Trust 0.08% 615,730 SH Sept. 11, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.06% 54,570 SH Oct. 1, 2026 Daily
TOPC · iShares Trust 0.05% 170 SH Sept. 11, 2026 Daily
USCL · iShares Trust 0.05% 14,501 SH Sept. 11, 2026 Daily
VOO · VANGUARD INDEX FUNDS 0.05% 7,189,112 SH Aug. 19, 2026 Daily
VV · VANGUARD INDEX FUNDS 0.05% 323,151 SH Aug. 19, 2026 Daily
TOV · EA Series Trust 0.05% 1,112 NS July 31, 2026 N-PORT
ILCV · iShares Trust 0.05% 6,191 SH Sept. 11, 2026 Daily
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.05% 38,111 NS July 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.05% 13,995 NS July 31, 2026 N-PORT
VOTE · TCW ETF Trust 0.05% 4,673 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.05% 22,762 NS July 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.05% 51,574 NS July 31, 2026 N-PORT
VOXP · Advisors Series Trust 0.05% 24 NS July 31, 2026 N-PORT
IVV · iShares Trust 0.04% 3,488,213 SH Sept. 11, 2026 Daily
DFUS · Dimensional ETF Trust 0.04% 83,839 NS July 31, 2026 N-PORT
ILCB · iShares Trust 0.04% 5,353 SH Sept. 11, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.04% 1,045 NS July 31, 2026 N-PORT
QDPL · Pacer Funds Trust 0.04% 6,659 NS July 31, 2026 N-PORT
PBP · Invesco Exchange-Traded Fund Trust 0.04% 1,647 SH Oct. 1, 2026 Daily
RWL · Invesco Exchange-Traded Fund Trust … 0.04% 40,930 SH Oct. 2, 2026 Daily
PBUS · Invesco Exchange-Traded Fund Trust … 0.04% 47,958 SH Oct. 2, 2026 Daily
IWB · iShares Trust 0.04% 191,780 SH Sept. 11, 2026 Daily
IYY · iShares Trust 0.04% 11,823 SH Sept. 11, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.04% 8,787,112 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.04% 45,684 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.04% 23,284 SH Aug. 19, 2026 Daily
ITOT · iShares Trust 0.04% 360,300 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.04% 75,937 SH Sept. 11, 2026 Daily
ILCG · iShares Trust 0.04% 11,340 SH Sept. 11, 2026 Daily
HCMT · Direxion Shares ETF Trust 0.04% 1,931 NS July 31, 2026 N-PORT
PHDG · Invesco Actively Managed Exchange-T… 0.04% 220 SH Oct. 1, 2026 Daily
SPXL · Direxion Shares ETF Trust 0.04% 21,634 NS July 31, 2026 N-PORT
QVML · Invesco Exchange-Traded Fund Trust … 0.04% 5,874 SH Oct. 2, 2026 Daily
TILT · FlexShares Trust 0.03% 6,802 NS July 31, 2026 N-PORT
TOK · iShares Trust 0.03% 744 SH Sept. 11, 2026 Daily
URTH · iShares, Inc. 0.03% 24,851 SH Sept. 11, 2026 Daily
OMFL · Invesco Exchange-Traded Self-Indexe… 0.03% 14,359 SH Oct. 2, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.03% 218,281 SH Aug. 19, 2026 Daily
DFAC · Dimensional ETF Trust 0.03% 130,765 NS July 31, 2026 N-PORT
ACWI · iShares Trust 0.03% 90,460 SH Sept. 11, 2026 Daily
DIVB · iShares Trust 0.03% 5,263 SH Sept. 11, 2026 Daily
DCOR · Dimensional ETF Trust 0.02% 7,394 NS July 31, 2026 N-PORT
ACVF · ETF Opportunities Trust 0.01% 102 NS July 31, 2026 N-PORT
GTO · Invesco Actively Managed Exchange-T… 0.00% 1,000 Sept. 30, 2026 Daily
BIV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BLV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BSV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VUSB · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VCRB · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VSDB · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VCSH · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCIT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCLT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
IFRA · iShares Trust · 337,318 SH Sept. 11, 2026 Daily

AEE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 21 analysts BUY
Median target $118.50 +18.6%
5 23.8% Strong Buy
9 42.9% Buy
7 33.3% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

16 analysts · 2026-10-03

Mean target $117.88 +17.9%

← Below all targets Current price $99.94
Low$104.00 Mean$117.88 High$136.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

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FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
AEE $27.60B 18.7 15.4% 16.6% 11.5% ·
D $51.50B 17.0 14.2% 18.2% 10.7% ·
SRE · · · · · ·
ED $35.85B 17.6 10.9% 12.0% 8.4% ·
WEC $34.32B 21.9 14.0% 15.9% 11.2% ·
PEG $39.99B 19.0 18.2% 17.3% 12.6% ·
DTE · · · · · ·
CNP $25.03B 24.0 8.3% 11.2% 9.5% ·
CMS $21.43B 19.8 13.6% 12.5% 12.3% ·
NI $19.98B 21.4 23.5% 14.2% 10.2% ·
BKH $5.24B 17.4 8.6% 12.6% 8.0% ·

Latest News Recent headlines mentioning this company

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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 3, 2026