Artemis Investment Management LLP reduced its stake in shares of AES Corp (NYSE:AES) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 643,788 shares of the utilities provider’s stock after selling 25,104 shares during the period. Artemis Investment Management LLP owned 0.10% of AES worth $12,801,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of AES. Scotia Capital Inc. increased its position in AES by 58.9% in the second quarter. Scotia Capital Inc. now owns 28,167 shares of the utilities provider’s stock worth $472,000 after buying an additional 10,438 shares in the last quarter. HighTower Advisors LLC increased its position in AES by 5.8% in the second quarter. HighTower Advisors LLC now owns 335,416 shares of the utilities provider’s stock worth $5,630,000 after buying an additional 18,239 shares in the last quarter. US Bancorp DE increased its position in AES by 19.2% in the second quarter. US Bancorp DE now owns 28,103 shares of the utilities provider’s stock worth $471,000 after buying an additional 4,534 shares in the last quarter. BlackRock Inc. increased its position in AES by 2.8% in the second quarter. BlackRock Inc. now owns 62,062,199 shares of the utilities provider’s stock worth $1,040,161,000 after buying an additional 1,688,310 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in AES by 7.6% in the second quarter. Asset Management One Co. Ltd. now owns 469,023 shares of the utilities provider’s stock worth $7,863,000 after buying an additional 33,281 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.
AES has been the subject of a number of analyst reports. TheStreet upgraded AES from a “c+” rating to a “b” rating in a research report on Wednesday, November 6th. UBS Group upped their price target on AES from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. ValuEngine upgraded AES from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley upped their price target on AES from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.51.
NYSE AES opened at $20.40 on Wednesday. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 1.52 and a beta of 1.09. The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 3.32. The business has a 50-day moving average price of $19.48 and a 200-day moving average price of $17.24. AES Corp has a twelve month low of $14.60 and a twelve month high of $20.42.
AES (NYSE:AES) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.90 billion. AES had a return on equity of 22.67% and a net margin of 4.90%. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. Research analysts expect that AES Corp will post 1.34 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a $0.1433 dividend. This is a positive change from AES’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, January 30th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.81%. AES’s dividend payout ratio is 44.35%.
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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