Mitsubishi UFJ Trust & Banking Corp decreased its stake in AES Corp (NYSE:AES) by 61.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 538,712 shares of the utilities provider’s stock after selling 857,418 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of AES worth $7,542,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. OppenheimerFunds Inc. grew its position in shares of AES by 5.7% in the second quarter. OppenheimerFunds Inc. now owns 2,229,948 shares of the utilities provider’s stock valued at $29,904,000 after purchasing an additional 120,330 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of AES by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,206,715 shares of the utilities provider’s stock worth $29,595,000 after buying an additional 53,659 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of AES by 55.0% in the second quarter. Advisors Asset Management Inc. now owns 1,155,454 shares of the utilities provider’s stock worth $15,495,000 after buying an additional 409,976 shares in the last quarter. Alethea Capital Management LLC purchased a new position in shares of AES in the third quarter worth about $166,000. Finally, Martingale Asset Management L P lifted its stake in shares of AES by 22.8% in the second quarter. Martingale Asset Management L P now owns 607,731 shares of the utilities provider’s stock worth $8,150,000 after buying an additional 112,893 shares in the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.
NYSE:AES opened at $15.53 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.10 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $10.23 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. AES Corp has a twelve month low of $9.86 and a twelve month high of $16.28.
AES (NYSE:AES) last issued its earnings results on Tuesday, November 6th. The utilities provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. AES had a negative net margin of 2.48% and a positive return on equity of 19.50%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same period in the previous year, the firm earned $0.23 earnings per share. AES’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, research analysts anticipate that AES Corp will post 1.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Wednesday, October 31st. AES’s dividend payout ratio (DPR) is presently 48.15%.
Several research firms have recently weighed in on AES. ValuEngine raised shares of AES from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Zacks Investment Research raised shares of AES from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, October 10th. TheStreet raised shares of AES from a “c+” rating to a “b” rating in a research note on Tuesday, November 6th. Finally, Morgan Stanley raised their price target on shares of AES from $13.50 to $14.00 and gave the stock a “hold” rating in a research note on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. AES presently has a consensus rating of “Hold” and an average target price of $14.00.
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The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.
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