Cbre Investment Management Listed Real Assets LLC Lowers Stock Holdings in Ameren Co. (NYSE:AEE)

Cbre Investment Management Listed Real Assets LLC decreased its position in shares of Ameren Co. (NYSE:AEEFree Report) by 96.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,840 shares of the utilities provider’s stock after selling 874,699 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Ameren were worth $2,665,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Cape Investment Advisory Inc. boosted its position in Ameren by 73.8% in the 4th quarter. Cape Investment Advisory Inc. now owns 478 shares of the utilities provider’s stock valued at $35,000 after buying an additional 203 shares during the period. EdgeRock Capital LLC acquired a new position in Ameren during the 4th quarter valued at approximately $38,000. First Command Advisory Services Inc. acquired a new position in Ameren during the 3rd quarter valued at approximately $40,000. Lindbrook Capital LLC increased its stake in shares of Ameren by 124.5% in the fourth quarter. Lindbrook Capital LLC now owns 624 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 346 shares during the period. Finally, Sandy Spring Bank increased its stake in shares of Ameren by 96.7% in the fourth quarter. Sandy Spring Bank now owns 773 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 380 shares during the period. 79.09% of the stock is currently owned by institutional investors.

Ameren Stock Performance

Shares of AEE stock traded up $1.86 during mid-day trading on Friday, hitting $73.37. The stock had a trading volume of 3,160,448 shares, compared to its average volume of 1,943,870. Ameren Co. has a fifty-two week low of $67.03 and a fifty-two week high of $88.72. The firm has a market cap of $19.57 billion, a PE ratio of 16.87, a PEG ratio of 2.56 and a beta of 0.44. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.59 and a quick ratio of 0.40. The company’s 50-day simple moving average is $73.30 and its 200-day simple moving average is $72.93.

Ameren (NYSE:AEEGet Free Report) last posted its earnings results on Thursday, May 9th. The utilities provider reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.08). Ameren had a net margin of 15.84% and a return on equity of 10.20%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the business posted $1.00 earnings per share. The business’s revenue was down 11.9% compared to the same quarter last year. Sell-side analysts anticipate that Ameren Co. will post 4.58 earnings per share for the current year.

Ameren Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be paid a dividend of $0.67 per share. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 annualized dividend and a yield of 3.65%. Ameren’s payout ratio is 61.61%.

Analysts Set New Price Targets

A number of analysts recently issued reports on AEE shares. Morgan Stanley increased their price target on shares of Ameren from $69.00 to $76.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Bank of America increased their price target on shares of Ameren from $77.00 to $78.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. StockNews.com raised shares of Ameren from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. The Goldman Sachs Group started coverage on shares of Ameren in a report on Wednesday, April 10th. They set a “sell” rating and a $73.00 price target on the stock. Finally, Barclays raised shares of Ameren from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $73.00 to $77.00 in a report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $79.70.

Read Our Latest Stock Analysis on AEE

Insider Buying and Selling at Ameren

In related news, EVP Mark C. Lindgren sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $75.53, for a total value of $302,120.00. Following the completion of the sale, the executive vice president now owns 43,935 shares of the company’s stock, valued at $3,318,410.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ameren news, EVP Mark C. Lindgren sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $75.53, for a total value of $302,120.00. Following the sale, the executive vice president now directly owns 43,935 shares in the company, valued at $3,318,410.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Martin J. Lyons sold 7,270 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $70.70, for a total value of $513,989.00. Following the sale, the chief executive officer now owns 246,434 shares in the company, valued at approximately $17,422,883.80. The disclosure for this sale can be found here. Insiders sold a total of 12,900 shares of company stock worth $931,350 over the last 90 days. Insiders own 0.42% of the company’s stock.

Ameren Company Profile

(Free Report)

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.

See Also

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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