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Is Ameren (AEE) Outperforming Other Utilities Stocks This Year?
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Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Ameren (AEE - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Ameren is one of 121 companies in the Utilities group. The Utilities group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AEE is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AEE's full-year earnings has moved 0.76% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AEE has moved about 5.55% on a year-to-date basis. In comparison, Utilities companies have returned an average of 5.27%. This shows that Ameren is outperforming its peers so far this year.
Looking more specifically, AEE belongs to the Utility - Electric Power industry, which includes 64 individual stocks and currently sits at #55 in the Zacks Industry Rank. On average, stocks in this group have gained 5.03% this year, meaning that AEE is performing better in terms of year-to-date returns.
Going forward, investors interested in Utilities stocks should continue to pay close attention to AEE as it looks to continue its solid performance.
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Is Ameren (AEE) Outperforming Other Utilities Stocks This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Ameren (AEE - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.
Ameren is one of 121 companies in the Utilities group. The Utilities group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AEE is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AEE's full-year earnings has moved 0.76% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AEE has moved about 5.55% on a year-to-date basis. In comparison, Utilities companies have returned an average of 5.27%. This shows that Ameren is outperforming its peers so far this year.
Looking more specifically, AEE belongs to the Utility - Electric Power industry, which includes 64 individual stocks and currently sits at #55 in the Zacks Industry Rank. On average, stocks in this group have gained 5.03% this year, meaning that AEE is performing better in terms of year-to-date returns.
Going forward, investors interested in Utilities stocks should continue to pay close attention to AEE as it looks to continue its solid performance.