Why Ameren (AEE) Is Up Today

NEW YORK (TheStreet) -- Ameren (AEE) was gaining 5.5% to $40.94 Friday after the company beat analysts' earnings estimates for the fourth-quarter.

The utility company posted earnings of 15 cents a share for the fourth quarter, beating the Capital IQ Consensus Estimate of 13 cents a share by 2 cents. Revenue rose 5.1% from the year-ago period to $1.32 billion, compared to analysts' estimates of $1.34 billion.

Total electricity sales increased in the quarter, with the company's customers using 19.7 billion kilowatt hours, compared to about 19.2 billion kilowatt hours in the year-ago quarter. Gas volumes also increased to 62.4 million decatherms from 53.3 decatherms in the year-ago quarter.

For the full-year 2014 Ameren expects earnings of between $2.25 and $2.35 a share. Analysts estimate earnings of $2.28 a share for the year.

Must read: Don't Miss Out: Top 3 Yielding Buy-Rated Stocks: RYN, AEE, PEG

TheStreet Ratings team rates AMEREN CORP as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate AMEREN CORP (AEE) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

If you liked this article you might like

These Stocks Are Changing Directions

Bullish and Bearish Reversals for the Week

World's Biggest Sovereign Fund Dumps Duke

Ameren (AEE) Stock Down Ahead of Q2 Results

Ameren (AEE) Stock Price Target Lifted at Barclays