Cibc World Markets Corp Has $19.81 Million Position in Ameren Corporation (AEE)
Cibc World Markets Corp trimmed its position in Ameren Corporation (NYSE:AEE) by 50.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 362,283 shares of the utilities provider’s stock after selling 364,057 shares during the quarter. Cibc World Markets Corp owned 0.15% of Ameren Corporation worth $19,806,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Suntrust Banks Inc. increased its stake in shares of Ameren Corporation by 7.3% in the second quarter. Suntrust Banks Inc. now owns 43,427 shares of the utilities provider’s stock worth $2,373,000 after buying an additional 2,951 shares during the period. Quantbot Technologies LP increased its stake in shares of Ameren Corporation by 57.4% in the second quarter. Quantbot Technologies LP now owns 30,346 shares of the utilities provider’s stock worth $1,659,000 after buying an additional 11,070 shares during the period. M&T Bank Corp increased its stake in shares of Ameren Corporation by 4.2% in the second quarter. M&T Bank Corp now owns 12,520 shares of the utilities provider’s stock worth $685,000 after buying an additional 500 shares during the period. TIAA FSB purchased a new position in shares of Ameren Corporation in the second quarter worth $953,000. Finally, ETRADE Capital Management LLC purchased a new position in shares of Ameren Corporation in the second quarter worth $854,000. 69.80% of the stock is currently owned by institutional investors.
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Several research analysts recently commented on AEE shares. Goldman Sachs Group, Inc. (The) downgraded shares of Ameren Corporation from a “neutral” rating to a “sell” rating and set a $51.00 target price on the stock. in a research note on Monday, June 26th. BidaskClub downgraded shares of Ameren Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Ameren Corporation in a research note on Monday, July 10th. Finally, Zacks Investment Research downgraded shares of Ameren Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $55.20.
Shares of Ameren Corporation (NYSE AEE) traded down 0.51% on Friday, reaching $58.51. 1,123,570 shares of the company’s stock were exchanged. The stock has a market cap of $14.20 billion, a price-to-earnings ratio of 20.48 and a beta of 0.37. Ameren Corporation has a one year low of $46.84 and a one year high of $60.91. The company’s 50 day moving average is $59.17 and its 200-day moving average is $56.30.
Ameren Corporation (NYSE:AEE) last announced its quarterly earnings results on Friday, August 4th. The utilities provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.69 by $0.10. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.42 billion. Ameren Corporation had a return on equity of 9.57% and a net margin of 11.11%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. On average, analysts anticipate that Ameren Corporation will post $2.80 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Wednesday, September 13th will be paid a dividend of $0.44 per share. The ex-dividend date is Tuesday, September 12th. This represents a $1.76 annualized dividend and a dividend yield of 3.01%. Ameren Corporation’s dividend payout ratio is currently 61.54%.
About Ameren Corporation
Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.
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