Latest news with #AEE
Hans India
5 days ago
- Politics
- Hans India
Banaganapalle govt office faces flak over not hoisting National Flag on I-Day
Nandyal: In a breach of government protocol, the Andhra Pradesh Minor Irrigation Department's Assistant Executive Engineer's (AEE) office at Banaganapalle failed to hoist the national flag on the occasion of the 79th Independence Day on Friday. The office, located within close proximity to the camp office of Roads and Buildings Minister BC Janardhan Reddy, remained without the ceremonial flag hoisting despite State government instructions mandating the observance of the event at all government offices. When approached for clarification, Minor Irrigation AEE Rammohan Reddy admitted that no ceremony was held at the Banaganapalle office, stating that the Independence Day celebrations were conducted at the Nandyal Divisional Office. His response, perceived as indifferent, has drawn criticism from locals who regard the national flag hoisting as a mark of respect and patriotism that transcends religious and regional boundaries. The incident has sparked public debate in Banaganapalle, with many questioning the commitment of government officials to uphold national traditions and sentiments. Citizens have expressed disappointment that such disregard for the national flag was shown at a government office situated so close to a minister's camp office. Media representatives who sought an explanation found the officer absent from the premises; when contacted by phone, he remarked that hoisting the flag at the district headquarters was sufficient, a statement that has further fueled public disapproval.
Yahoo
12-08-2025
- Business
- Yahoo
Is Wall Street Bullish or Bearish on Ameren Stock?
Saint Louis, Missouri-based Ameren Corporation (AEE) is a public utility holding company that generates, transmits, and distributes rate-regulated electricity and natural gas. Valued at a market cap of $27.4 billion, the company generates electricity through coal, nuclear, and natural gas, as well as renewable energy sources, including hydroelectric, wind, methane gas, and solar. This utility company has outpaced the broader market over the past 52 weeks. Shares of AEE have soared 26.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 19.3%. Moreover, the stock is up 13.7% on a YTD basis, compared to SPX's 8.4% rise. More News from Barchart This High-Yield (7%) Dividend Stock Is Down Significantly in 2025. Should You Buy the Dip? Dear CoreWeave Stock Fans, Mark Your Calendars for August 14 Tesla Is Axing Its Dojo Supercomputer Plans. What Does That Mean for TSLA Stock Here? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Zooming in further, Ameren has also surged past the Utilities Select Sector SPDR Fund's (XLU) 16.7% uptick over the past 52 weeks and 13.5% return on a YTD basis. Ameren delivered better-than-expected Q2 results on Jul. 31, and its shares closed up almost 1% on the following day. The company reported total operating revenue of $2.2 billion, up by a notable 31.2% from the year-ago quarter, with its core electric sales rising by 34% annually. The top-line figure surpassed the consensus estimates by 20.7%. Moreover, on the earnings front, its adjusted EPS of $1.01 improved 4.1% from the same period last year, topping analyst estimates by a penny. For the current fiscal year, ending in December, analysts expect AEE's EPS to grow 6.7% year over year to $4.94. The company's earnings surprise history is disappointing. It missed the consensus estimates in three of the last three quarters, while surpassing on another occasion. Among the 14 analysts covering the stock, the consensus rating is a "Moderate Buy' which is based on eight 'Strong Buy,' and six 'Hold' ratings. This configuration is less bullish than two months ago, with nine analysts suggesting a 'Strong Buy' rating, and one recommending 'Strong Sell.' On Aug. 4, Anthony Crowdell from Mizuho Financial Group, Inc. (MFG) maintained a "Buy" rating on AEE with a price target of $108, implying a 6.6% potential upside from the current levels. The mean price target of $106.54 represents a 5.1% premium from AEE's current price levels, while the Street-high price target of $115 suggests an upside potential of 13.5%. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
New Indian Express
02-08-2025
- New Indian Express
Corrupt officials misplace records to evade law: Lokayukta special court
BENGALURU: Corrupt public servants of local bodies are deliberately misplacing original records of the scams they are involved in to escape the clutches of law, stated the special court for Lokayukta cases while rejecting the anticipatory bail petition filed by a former assistant executive engineer (AEE), Karnataka Housing Board (KHB), B Sector, Yelahanka Upanagar in the city. The accused No. 1, Syed Azgar, who was with the KHB Planning Division, has been booked by the Lokayukta police for his alleged involvement in the illegal sale of KHB sites and causing losses of crores of rupees to the exchequer. 'In the recent past, the officials from various local bodies like the KHB have been involved in such illegalities without bearing the minimum responsibilities of their position, existing rules, regulations and the law for their own reasons with the help of mediators, anti-social elements and other stakeholders. Most unfortunate are the acts of corrupt public servants in deliberately misplacing the original records after committing such illegalities (as in this case) so as to escape their criminal liabilities,' said Judge KM Radhakrishna. He said a similar fraud committed in respect of site No. 239, HIG in B Sector strengthens the involvement not only of this accused, but also of other officers from KHB in the scam. The accused, apprehending arrest by the Lokayukta police, contended before the special court that his higher officials, after having misplaced the original record, are attempting to shift the blame upon him. The Lokayukta police have registered a case based on a complaint filed by social worker KS Chandrashekar Azad against Azgar and two others. He alleged that the residential site No.271, MIG, A Sector at Yelahanka Upanagar, was allotted to Satish Harini, the third accused. Azgar, having joined hands with Govindaiah, the second accused, created fake documents with the intention of wrongful gain. Based on those documents, he sold and illegally executed the sale deed of the site on October 23, 2020, in favour of Govindaiah and caused Rs 10 lakh loss to KHB, Azad stated. Opposing bail, the prosecution contended that the material on record exposes the direct involvement of the petitioner along with others and demanded his custodial interrogation.
Globe and Mail
01-08-2025
- Business
- Globe and Mail
Ameren Q2 Earnings Higher Than Expected, Revenues Increase Y/Y
Ameren Corporation AEE reported second-quarter 2025 earnings of $1.01 per share, which beat the Zacks Consensus Estimate of $1 by 1%. The bottom line also improved 4.1% from the year-ago quarter's 97 cents. The year-over-year upside in the bottom line can be attributed to higher revenues and operating income generated in the second quarter of 2025 compared to the second quarter of 2024. AEE's Total Revenues Total revenues came in at $2.22 billion in the reported quarter, up 31.2% year over year. Revenues also beat the Zacks Consensus Estimate of $1.84 billion by 20.7%. AEE: Highlights of the Release Ameren's total electricity sales volumes decreased 8.4% to 15,672 million kilowatt-hours (kWh) compared with 17,110 million kWh in the year-ago period. Gas volumes rose 6.5% to 33 million dekatherms from the prior-year period's level. Total operating expenses were $1.81 billion, up 35.9% year over year. The company's interest expenses in the second quarter totaled $187 million compared with the prior-year quarter's $165 million. AEE's Segmental Results The Ameren Missouri segment reported earnings of $150 million compared with $128 million a year ago. This year-over-year increase was driven by new electric service rates that became effective June 1, 2025, earnings on increased infrastructure investments and lower operations and maintenance expenses. The Ameren Illinois Electric Distribution segment reported earnings of $64 million in the second quarter compared with $61 million in the previous year. The Ameren Illinois Natural Gas segment posted earnings of $10 million in the second quarter compared with $6 million in the prior year. The Ameren Transmission segment reported earnings of $86 million in the second quarter compared with $79 million a year ago. AEE's Financial Condition Ameren reported cash and cash equivalents of $11 million as of June 30, 2025 compared with $7 million at the end of 2024. As of June 30, 2025, the long-term debt totaled $18.81 billion compared with $17.26 billion as of Dec. 31, 2024. As of June 30, 2025, the cash flow from operating activities amounted to $1.29 billion compared with $1.05 billion a year ago. AEE's Guidance Ameren reaffirmed its 2025 earnings guidance. It expects to generate earnings per share (EPS) in the range of $4.85-$5.05. The Zacks Consensus Estimate for 2025 earnings is pegged at $4.94, which lies just below the midpoint of the company's guided range. AEE's Zacks Rank Ameren currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Recent Utility Releases American Electric Power Company, Inc. AEP reported second-quarter 2025 operating EPS of $1.43, which beat the Zacks Consensus Estimate of $1.28 by 11.7%. The bottom line inched up 14.4% from $1.25 recorded in the year-ago quarter. AEP's revenues of $5.09 billion rose 11.1% from the year-ago quarter's level of $4.58 billion. The top line also beat the Zacks Consensus Estimate of $4.94 billion by 2.9%. CMS Energy Corporation CMS reported second-quarter 2025 EPS of 71 cents, which outpaced the Zacks Consensus Estimate of 67 cents by 6%. The bottom line also increased 7.6% from 66 cents in the prior-year quarter. Operating revenues totaled $1.84 billion, which surpassed the Zacks Consensus Estimate of $1.69 billion by 9%. The top line also increased 14.4% from $1.61 billion in the prior-year quarter. NextEra Energy, Inc. NEE reported second-quarter 2025 adjusted earnings of $1.05 per share, which topped the Zacks Consensus Estimate of $1.02 by 2.9%. The bottom line was also up nearly 9.4% year over year. In the second quarter, NextEra Energy's operating revenues were $6.7 billion, which missed the Zacks Consensus Estimate of $7.22 billion by 7.28%. However, the top line improved 10.4% year over year. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ameren Corporation (AEE): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report CMS Energy Corporation (CMS): Free Stock Analysis Report
Reuters
01-08-2025
- Business
- Reuters
EU court rules against environmentalists trying to block Spanish wind farms
MADRID, Aug 1 (Reuters) - The European Court of Justice on Friday dealt a blow to environmental groups trying to stop wind farms from being built in Spain's northwestern Galicia region, in a ruling affecting billions of euros of investment. Companies developing wind farms in Galicia and regional authorities welcomed the decision, which is a setback to opponents' strategy of using the courts to block plans they say encroach on the environment and the lives of local people. The court rejected the environmentalists' argument that the public's rights to consultation had been violated. The decision affects dozens of planned wind projects that were approved by the regional government and then halted by the highest regional court after locals and environmental groups filed hundreds of lawsuits. Carmen Bouso from the regional government's environment department said the court's decision "clearly and emphatically supports" the procedures used to approve wind energy projects and the government's full respect of the public's rights to participate in the process. She urged regional judges to resume their consideration of lawsuits that they had put on hold pending the ruling of the European court. The AEE, a Spanish wind industry group, welcomed the ruling as "a key step toward restoring legal certainty" in the region. "Now it's time to act quickly and responsibly so that the projects that have been stalled until now can resume operations as soon as possible," AEE General Director Juan Virgilio Marquez said. Galician activist group Adega, a leading opponent of wind projects in the region, said the ruling was disappointing and went "against the right to real and effective public participation". The group vowed to keep on fighting and said it believed other legal issues beyond the scope of Friday's ruling meant many wind projects would still not be able to proceed. There are 92 wind farms targeted by legal actions in Galicia, 86 of which have been halted before construction started, according to data provided by regional authorities. They involve an estimated investment of 3 billion euros ($3.42 billion) and have a total planned capacity of almost 2.5 gigawatts (GW). ($1 = 0.8762 euros)
