AEE at a glance
Ameren (AEE, SEC CIK 1002910) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on August 3, 2026, an 8-K current report on September 28, 2026 and Form 4 insider filings as recently as September 14, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Ameren (AEE) reported revenue of $8.8 billion (up 15.4% from FY2024) and net income of $1.5 billion. Diluted EPS was $5.35.
- As of June 30, 2026, 40 institutional investment managers tracked by SignalX reported holding Ameren (AEE) shares worth $16.2 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Flores Rafael on September 11, 2026 of 248 shares at $105.53 per share.
- In the last 90 days, AEE insiders reported 0 open-market purchases ($0) and 5 open-market sales ($877K) on Form 4, a net sale of $877K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $8.8B
- +15.4% vs prior year
- Insiders · 90 days
- 0 buys · 5 sells
- Net −$877K
- 13F holders
- 40 funds
- $16.2B · +1 vs prior quarter
- Latest 8-K
- Sep 28, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Regulatory risk from Ameren Illinois’ MYRP reconciliation cap limiting electric distribution rate adjustments to 105% through 2027, subject to ongoing ICC appeal
- Geopolitical exposure to Illinois emissions limits forcing closure of Ameren Missouri’s Venice Energy Center by 2029 and other gas-fired centers by 2040 under CEJA
- Operational risk of up to $33.1B capital expenditures 2026-2030 facing supplier delays, labor shortages, and regulatory approval uncertainties
- Competitive risk from MISO capacity accreditation rule changes reducing renewable/battery capacity credits, requiring more investments and increasing costs
- Financial risk of potential unrecovered environmental compliance costs due to MoPSC disallowance, leading to asset impairments and liquidity pressures
Management Discussion & Analysis
- Revenue electric $7.668B in 2025 vs $6.540B in 2024; net income $1.456B (+$274M YoY), EPS $5.35 vs $4.42
- Operating margin approx. 26.4% in 2025 ($2.026B operating income on $7.668B revenue) vs 23.2% in 2024 ($1.516B/$6.540B)
- Best performing segment: Ameren Missouri net income $747M (+$188M YoY); worst: Other/Intersegment net loss $(145)M (increased loss by $62M)
- Capital expenditures $4.1B in 2025; projected $30.5B-$33.1B for 2026-2030; dividends increased to $3.00/share annualized in 2026
- Management highlights regulatory rate increases adding $355M (electric Missouri), $32M (natural gas Missouri), and challenges in Illinois appeals; key risks: regulatory uncertainties and rising financing costs
Business Overview
- Core business: Rate-regulated electric generation, transmission, and natural gas distribution primarily through subsidiaries Ameren Missouri, Ameren Illinois, and ATXI
- New emphasis on large load customer agreements adding 2.2 GW demand under large load customer rate plan executed February 2026
- Strategic shift: Planned addition by 2040 of 3.2 GW renewable, 2.8 GW natural gas-fired, 1.5 GW nuclear capacity; complete coal-fired plant retirements by 2042
- Notable metric: Ameren Missouri’s 2025 peak transmission demand 7,487 MW; Ameren Illinois 8,027 MW; rate base $4.6B electric distribution Illinois (2026 projection)
- Regulatory development: Missouri’s PPRA effective August 2025 mandates integrated resource plans every 4 years starting 2027 with streamlined approval and construction cost recovery
AI summary of the AEE 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $2.092B, down $130M YoY, reflecting lower Ameren Missouri electric revenue despite Ameren Illinois growth
- Operating income $459M vs $411M YoY; operating margin 21.9% vs 18.5% based on reported revenues
- Best segment Ameren Transmission: net income $96M vs $86M; worst Ameren Illinois Natural Gas: $9M vs $10M
- Six-month rate-regulated infrastructure investment $2.7B; Split Rail Solar acquisition approximately $0.6B
- Headwinds: higher Ameren Missouri maintenance and vegetation costs, milder temperatures, higher financing costs
Risk Factors
- No material risk-factor changes disclosed; filing refers readers to the 10-K risk factors
- No newly added risk identified in the provided 10-Q text
AI summary of the AEE 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- Non-binding 2026 IRP signals major Ameren Missouri generation buildout to address projected load growth
- Preferred plan adds 2,100 MW combined-cycle gas by 2031, 1,900 MW simple-cycle gas by 2029, and 500 MW fuel cells by 2030
Item 8.01: Other Events
- $900 million junior subordinated notes issued, maturing 2057
- $891.0 million net proceeds before expenses, strengthening Ameren’s funding capacity
Item 8.01: Other Events
- Ameren Illinois raised $400 million through 5.50% first mortgage bonds due 2036
- Net proceeds approximately $397.4 million before expenses, increasing long-term subsidiary debt
AI summaries of AEE 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for AEE
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Flores Rafael | Sell | Sep 11, 2026 | 248 | $105.53 |
| Martin Ryan J | Sell | Aug 20, 2026 | 500 | $109.88 |
| Martin Ryan J | Sell | Aug 18, 2026 | 471 | $109.87 |
| Shaw Theresa A | Sell | Aug 14, 2026 | 325 | $108.93 |
| MOEHN MICHAEL L | Sell | Aug 3, 2026 | 6,500 | $108.96 |
| Melda Aaron P | A | Jul 1, 2026 | 2,520 | - |
| Arora Ajay K | A | Jul 1, 2026 | 716 | - |
| Smith Patrick E | A | Jul 1, 2026 | 280 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $7.6B | $8.8B |
| Operating Income | - | $1.5B | $2.0B |
| Net Income | $1.2B | $1.2B | $1.5B |
| Op. Margin | - | 19.9% | 23.0% |
| Net Margin | - | 15.5% | 16.5% |
| Balance Sheet | |||
| Total Assets | $40.8B | $44.6B | $48.5B |
| Equity | - | $12.1B | $13.4B |
| ROE | - | 9.8% | 10.9% |
| Per Share | |||
| EPS | $4.38 | $4.42 | $5.35 |
| Cash Flow | |||
| Operating CF | - | $2.8B | $3.4B |
| CapEx | $3.6B | $4.3B | $4.1B |
Source: XBRL data in Ameren (AEE)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate AEE share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 40 | $16.16B |
| Q1 2026 | 39 | $15.41B |
| Q4 2025 | 37 | $13.56B |
| Q3 2025 | 38 | $15.29B |
| Q2 2025 | 36 | $13.80B |
| Q1 2025 | 35 | $8.66B |
| Q4 2024 | 28 | $6.92B |
| Q3 2024 | 25 | $3.15B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 278 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
AEE filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 28, 2026 | - | Analysis | - |
| 8-K | Sep 18, 2026 | - | Analysis | - |
| 4 | Sep 14, 2026 | - | - | - |
| 8-K | Aug 24, 2026 | - | Analysis | - |
| 4 | Aug 20, 2026 | - | - | - |
| 4 | Aug 17, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 10-Q | Aug 3, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jul 6, 2026 | - | - | - |
| 8-K | Jun 29, 2026 | - | Analysis | - |
| 8-K | Jun 26, 2026 | - | Analysis | - |
| 4 | Jun 3, 2026 | - | - | |
| 4 | Jun 3, 2026 | - | - | |
| 8-K | May 18, 2026 | - | Analysis | |
| 4 | May 14, 2026 | - | - | |
| 10-Q | May 8, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| 4 | May 5, 2026 | - | - | - |
| SC 13G | Apr 29, 2026 | - | - | |
| SC 13G | Apr 28, 2026 | - | - | |
| 4 | Mar 6, 2026 | - | - | - |
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AEE SEC filings: frequently asked questions
Are AEE insiders buying or selling?
In the last 90 days, Ameren (AEE) officers, directors and 10% owners reported no open-market purchases and 5 open-market sales worth $876,502 by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold AEE stock?
As of June 30, 2026, the largest Ameren (AEE) holders among the 13F filers tracked by SignalX were BlackRock ($2.9 billion), T. Rowe Price Group ($2.3 billion), Vanguard Capital Management LLC ($2.0 billion), Vanguard Portfolio Management LLC ($1.8 billion), State Street Corp ($1.7 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was AEE's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Ameren (AEE) reported revenue of $8.8 billion (up 15.4% from FY2024) and net income of $1.5 billion. Diluted EPS was $5.35. The figures come from the XBRL data in the 10-K.
What are the main risks in AEE's latest 10-K?
In the 10-K filed February 18, 2026, Ameren (AEE) flagged: Regulatory risk from Ameren Illinois’ MYRP reconciliation cap limiting electric distribution rate adjustments to 105% through 2027, subject to ongoing ICC appeal. Geopolitical exposure to Illinois emissions limits forcing closure of Ameren Missouri’s Venice Energy Center by 2029 and other gas-fired centers by 2040 under CEJA. (AI summary of the Risk Factors section.)
What did AEE report in its latest 8-K?
Ameren (AEE) filed an 8-K on September 28, 2026 reporting Item 8.01 (Other Events). Non-binding 2026 IRP signals major Ameren Missouri generation buildout to address projected load growth.
What are the latest AEE SEC filings?
Ameren (AEE) filed its latest 10-K annual report on February 18, 2026, a 10-Q quarterly report on August 3, 2026, an 8-K current report on September 28, 2026 and a Form 4 insider filing on September 14, 2026.
What is AEE's SEC CIK number?
Ameren (AEE)'s SEC Central Index Key (CIK) is 1002910. EDGAR lists every AEE filing under that number.
Ask anything about AEE
The research agent reads AEE's filings, financials, insider trades and 13F holders, then answers with sources.