IFM Investors Pty Ltd lifted its position in AES Corp (NYSE:AES) by 36.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 73,038 shares of the utilities provider’s stock after purchasing an additional 19,391 shares during the period. IFM Investors Pty Ltd’s holdings in AES were worth $1,193,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC grew its holdings in shares of AES by 204.0% in the second quarter. SG Americas Securities LLC now owns 373,219 shares of the utilities provider’s stock worth $6,255,000 after purchasing an additional 250,431 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in AES by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 9,931,902 shares of the utilities provider’s stock valued at $166,458,000 after acquiring an additional 691,328 shares in the last quarter. Hennessy Advisors Inc. boosted its holdings in AES by 3.0% in the second quarter. Hennessy Advisors Inc. now owns 1,340,200 shares of the utilities provider’s stock valued at $22,462,000 after acquiring an additional 39,100 shares in the last quarter. Neo Ivy Capital Management bought a new stake in AES in the second quarter valued at $725,000. Finally, Gulf International Bank UK Ltd boosted its holdings in AES by 1.4% in the second quarter. Gulf International Bank UK Ltd now owns 148,198 shares of the utilities provider’s stock valued at $2,483,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 93.32% of the company’s stock.
NYSE:AES traded up $0.07 during trading hours on Friday, hitting $17.64. The company had a trading volume of 4,610,577 shares, compared to its average volume of 5,414,291. The company has a market capitalization of $11.41 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. The stock has a 50-day moving average price of $16.49 and a 200 day moving average price of $16.39. AES Corp has a 52 week low of $13.55 and a 52 week high of $18.52. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.36 and a quick ratio of 1.24.
AES (NYSE:AES) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.40 by $0.08. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.90 billion. AES had a return on equity of 18.94% and a net margin of 3.78%. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. Analysts anticipate that AES Corp will post 1.34 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.137 per share. This represents a $0.55 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, October 31st. AES’s dividend payout ratio is currently 44.35%.
Several analysts recently weighed in on the stock. TheStreet upgraded shares of AES from a “c+” rating to a “b” rating in a report on Wednesday. ValuEngine upgraded shares of AES from a “sell” rating to a “hold” rating in a report on Wednesday, October 16th. Evercore ISI set a $19.00 price target on shares of AES and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley lifted their price target on shares of AES from $17.50 to $18.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $17.64.
In other AES news, SVP Julian Nebreda sold 18,864 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $15.24, for a total transaction of $287,487.36. Following the completion of the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at $538,185.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey W. Ubben acquired 200,000 shares of the stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $15.25 per share, with a total value of $3,050,000.00. The disclosure for this purchase can be found here. Company insiders own 1.06% of the company’s stock.
AES Company Profile
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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