Cambridge Investment Research Advisors Inc. Lowers Stock Position in Ameren Co. (NYSE:AEE)

Cambridge Investment Research Advisors Inc. lowered its position in Ameren Co. (NYSE:AEEFree Report) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,144 shares of the utilities provider’s stock after selling 1,171 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Ameren were worth $4,495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in Ameren by 22.3% during the third quarter. Victory Capital Management Inc. now owns 174,580 shares of the utilities provider’s stock worth $13,064,000 after buying an additional 31,812 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Ameren by 11.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 254,756 shares of the utilities provider’s stock worth $19,063,000 after buying an additional 26,640 shares during the last quarter. Atria Investments Inc increased its holdings in Ameren by 7.0% during the third quarter. Atria Investments Inc now owns 14,148 shares of the utilities provider’s stock worth $1,059,000 after buying an additional 927 shares during the last quarter. Metis Global Partners LLC increased its holdings in Ameren by 21.1% during the third quarter. Metis Global Partners LLC now owns 9,547 shares of the utilities provider’s stock worth $714,000 after buying an additional 1,662 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in Ameren during the third quarter worth about $898,000. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of Ameren in a report on Wednesday, April 10th. They set a “sell” rating and a $73.00 price objective for the company. StockNews.com upgraded shares of Ameren from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Morgan Stanley lifted their target price on shares of Ameren from $69.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Bank of America lifted their target price on shares of Ameren from $77.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, BMO Capital Markets lifted their target price on shares of Ameren from $76.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $79.70.

Check Out Our Latest Analysis on AEE

Ameren Price Performance

AEE stock opened at $71.51 on Friday. The firm has a 50 day moving average of $73.27 and a 200-day moving average of $72.97. The company has a current ratio of 0.59, a quick ratio of 0.40 and a debt-to-equity ratio of 1.31. Ameren Co. has a 12 month low of $67.03 and a 12 month high of $88.72. The firm has a market capitalization of $19.07 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 2.45 and a beta of 0.44.

Ameren (NYSE:AEEGet Free Report) last announced its earnings results on Thursday, May 9th. The utilities provider reported $0.98 earnings per share (EPS) 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 company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, sell-side analysts predict that Ameren Co. will post 4.58 earnings per share for the current fiscal year.

Ameren Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $2.68 dividend on an annualized basis and a yield of 3.75%. Ameren’s dividend payout ratio is presently 61.61%.

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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