Cbre Investment Management Listed Real Assets LLC Sells 43,594 Shares of Ameren Corporation $AEE

Cbre Investment Management Listed Real Assets LLC decreased its position in shares of Ameren Corporation (NYSE:AEE) by 87.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,229 shares of the utilities provider’s stock after selling 43,594 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Ameren were worth $650,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in Ameren by 22.9% during the 1st quarter. NewEdge Advisors LLC now owns 8,077 shares of the utilities provider’s stock valued at $811,000 after purchasing an additional 1,503 shares in the last quarter. Empowered Funds LLC boosted its stake in Ameren by 19.8% in the first quarter. Empowered Funds LLC now owns 6,255 shares of the utilities provider’s stock worth $628,000 after purchasing an additional 1,034 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Ameren by 42.2% during the first quarter. Woodline Partners LP now owns 22,802 shares of the utilities provider’s stock worth $2,289,000 after purchasing an additional 6,772 shares during the last quarter. Savant Capital LLC grew its holdings in shares of Ameren by 3.3% during the second quarter. Savant Capital LLC now owns 9,406 shares of the utilities provider’s stock worth $903,000 after purchasing an additional 299 shares during the last quarter. Finally, AE Wealth Management LLC increased its stake in shares of Ameren by 9.5% in the second quarter. AE Wealth Management LLC now owns 3,511 shares of the utilities provider’s stock valued at $337,000 after buying an additional 306 shares in the last quarter. Institutional investors own 79.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AEE shares. BMO Capital Markets upped their price target on shares of Ameren from $112.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Mizuho set a $117.00 price objective on shares of Ameren in a research report on Friday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Ameren from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. Barclays reduced their target price on shares of Ameren from $111.00 to $104.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $116.00 price target on shares of Ameren in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.30.

Insiders Place Their Bets

In related news, insider Michael L. Moehn sold 6,500 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $103.60, for a total value of $673,400.00. Following the transaction, the insider directly owned 193,076 shares in the company, valued at $20,002,673.60. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.42% of the stock is owned by corporate insiders.

Ameren Price Performance

Ameren stock opened at $109.31 on Thursday. The business’s 50-day simple moving average is $106.07 and its 200 day simple moving average is $103.37. The company has a quick ratio of 0.46, a current ratio of 0.66 and a debt-to-equity ratio of 1.35. The stock has a market cap of $30.22 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.24 and a beta of 0.56. Ameren Corporation has a 12-month low of $91.77 and a 12-month high of $113.64.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Ameren had a return on equity of 10.69% and a net margin of 16.55%.The firm had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the business posted $0.77 EPS. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. As a group, research analysts anticipate that Ameren Corporation will post 4.93 earnings per share for the current year.

Ameren Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Ameren’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Tuesday, March 10th. Ameren’s payout ratio is presently 56.07%.

About Ameren

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.