Cbre Investment Management Listed Real Assets LLC Has $650,000 Holdings in Ameren Corporation $AEE

Key Points

• CBRE Investment Management Listed Real Assets LLC trimmed its stake in Ameren by 87.5% in Q3, selling 43,594 shares and leaving the fund with 6,229 shares valued at about $650,000.
• Several large institutions boosted positions in Ameren—JPMorgan added 1.66M shares to hold 4.08M shares (~$426M), Antipodes and Vanguard also added large stakes—leaving institutional ownership at roughly 79.09%.
• Ameren slightly beat EPS estimates ($0.78 vs. $0.77) despite revenue falling 8.2% YoY, raised its quarterly dividend to $0.75 (annualized $3.00, yield ~2.7%), and carries a sell‑side consensus of "Hold" with a $113.30 target.

Cbre Investment Management Listed Real Assets LLC trimmed its stake in Ameren Corporation (NYSE:AEE - Free Report) by 87.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Ameren by 68.6% during the third quarter. JPMorgan Chase & Co. now owns 4,080,775 shares of the utilities provider's stock valued at $425,951,000 after buying an additional 1,661,019 shares during the last quarter. ANTIPODES PARTNERS Ltd grew its position in Ameren by 104,698.0% during the third quarter. ANTIPODES PARTNERS Ltd now owns 1,370,758 shares of the utilities provider's stock worth $143,091,000 after buying an additional 1,369,450 shares in the last quarter. Vanguard Group Inc. grew its position in Ameren by 3.7% during the second quarter. Vanguard Group Inc. now owns 35,582,578 shares of the utilities provider's stock worth $3,417,351,000 after buying an additional 1,268,457 shares in the last quarter. Homestead Advisers Corp bought a new position in Ameren during the third quarter valued at about $76,614,000. Finally, Reaves W H & Co. Inc. raised its holdings in Ameren by 112.4% in the 3rd quarter. Reaves W H & Co. Inc. now owns 964,012 shares of the utilities provider's stock valued at $100,624,000 after acquiring an additional 510,192 shares in the last quarter. Institutional investors own 79.09% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on AEE. UBS Group raised their price objective on Ameren from $125.00 to $127.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. Barclays cut their target price on Ameren from $111.00 to $104.00 and set an "equal weight" rating for the company in a research note on Thursday, January 15th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $116.00 price target on shares of Ameren in a research note on Friday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of Ameren from $108.00 to $111.00 and gave the company a "neutral" rating in a report on Thursday, January 15th. Finally, Morgan Stanley set a $116.00 price objective on shares of Ameren in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $113.30.

Insider Buying and Selling at Ameren

In other news, insider Michael L. Moehn sold 6,500 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $103.60, for a total value of $673,400.00. Following the sale, the insider owned 193,076 shares of the company's stock, valued at approximately $20,002,673.60. This represents a 3.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.42% of the company's stock.

Ameren Trading Down 1.0%

Shares of AEE opened at $109.31 on Thursday. Ameren Corporation has a 1 year low of $91.77 and a 1 year high of $113.64. The company has a current ratio of 0.66, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The stock has a 50 day simple moving average of $106.07 and a 200-day simple moving average of $103.37. The stock has a market cap of $30.22 billion, a PE ratio of 20.43, a PEG ratio of 2.24 and a beta of 0.56.

Ameren (NYSE:AEE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.78 EPS for the quarter, beating 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 business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm earned $0.77 EPS. Ameren's quarterly revenue was down 8.2% on a year-over-year basis. On average, sell-side analysts predict that Ameren Corporation will post 4.93 EPS for the current fiscal year.

Ameren Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $3.00 annualized dividend and a dividend yield of 2.7%. This is a boost from Ameren's previous quarterly dividend of $0.71. Ameren's dividend payout ratio is presently 56.07%.

Ameren Company Profile

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.

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