CIBC Asset Management Inc Sells 53,146 Shares of Ameren Co. (NYSE:AEE)

CIBC Asset Management Inc lowered its stake in shares of Ameren Co. (NYSE:AEEFree Report) by 55.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,306 shares of the utilities provider’s stock after selling 53,146 shares during the quarter. CIBC Asset Management Inc’s holdings in Ameren were worth $3,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in shares of Ameren by 3.7% in the 3rd quarter. Invesco Ltd. now owns 2,824,791 shares of the utilities provider’s stock valued at $211,379,000 after buying an additional 101,023 shares in the last quarter. Northern Trust Corp boosted its stake in Ameren by 1.2% in the third quarter. Northern Trust Corp now owns 2,430,398 shares of the utilities provider’s stock valued at $181,867,000 after acquiring an additional 29,921 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Ameren by 30.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,286,264 shares of the utilities provider’s stock worth $171,081,000 after purchasing an additional 532,800 shares during the last quarter. Duff & Phelps Investment Management Co. increased its position in shares of Ameren by 0.7% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,764,675 shares of the utilities provider’s stock worth $127,657,000 after purchasing an additional 11,705 shares in the last quarter. Finally, Maple Brown Abbott Ltd lifted its holdings in shares of Ameren by 16.6% during the 4th quarter. Maple Brown Abbott Ltd now owns 1,574,860 shares of the utilities provider’s stock valued at $113,925,000 after purchasing an additional 223,790 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.

Wall Street Analyst Weigh In

AEE has been the topic of several recent analyst reports. BMO Capital Markets upped their target price on Ameren from $76.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Barclays upgraded shares of Ameren from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $73.00 to $77.00 in a report on Thursday, May 30th. 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. The Goldman Sachs Group started coverage on shares of Ameren in a research note on Wednesday, April 10th. They set a “sell” rating and a $73.00 price target on the stock. Finally, StockNews.com raised shares of Ameren from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Ameren presently has a consensus rating of “Hold” and a consensus target price of $79.70.

Read Our Latest Report on Ameren

Insider Transactions at Ameren

In related news, EVP Mark C. Lindgren sold 4,000 shares of the business’s stock in a transaction 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 directly owns 43,935 shares in the company, valued at approximately $3,318,410.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Ameren Stock Performance

Shares of NYSE AEE opened at $72.11 on Friday. The stock has a market cap of $19.23 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 2.53 and a beta of 0.45. Ameren Co. has a 12 month low of $67.03 and a 12 month high of $88.72. The company has a 50 day simple moving average of $73.35 and a two-hundred day simple moving average of $72.84. 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 (NYSE:AEEGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.98 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.08). The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Ameren had a net margin of 15.84% and a return on equity of 10.20%. Ameren’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 earnings per share. As a group, analysts predict that Ameren Co. will post 4.58 earnings per share for the current year.

Ameren Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be given a $0.67 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $2.68 annualized dividend and a yield of 3.72%. Ameren’s dividend payout ratio is presently 61.61%.

Ameren 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.

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Institutional Ownership by Quarter for Ameren (NYSE:AEE)

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