Capital International Investors grew its stake in AES Corp (NYSE:AES) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,125,215 shares of the utilities provider’s stock after purchasing an additional 567,371 shares during the quarter. Capital International Investors owned approximately 3.65% of AES worth $265,860,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ffcm LLC boosted its holdings in shares of AES by 171.8% in the second quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 6,634 shares in the last quarter. Community Bank & Trust Waco Texas bought a new position in shares of AES in the second quarter valued at approximately $134,000. IFP Advisors Inc boosted its holdings in shares of AES by 80.5% in the second quarter. IFP Advisors Inc now owns 20,452 shares of the utilities provider’s stock valued at $227,000 after acquiring an additional 9,123 shares in the last quarter. Everence Capital Management Inc. boosted its holdings in shares of AES by 104.5% in the second quarter. Everence Capital Management Inc. now owns 28,654 shares of the utilities provider’s stock valued at $318,000 after acquiring an additional 14,640 shares in the last quarter. Finally, ETRADE Capital Management LLC boosted its holdings in AES by 25.3% during the third quarter. ETRADE Capital Management LLC now owns 62,722 shares of the utilities provider’s stock worth $691,000 after buying an additional 12,669 shares in the last quarter. Hedge funds and other institutional investors own 93.13% of the company’s stock.
In other news, insider Andres Gluski purchased 24,632 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average cost of $10.17 per share, with a total value of $250,507.44. Following the acquisition, the insider now directly owns 868,396 shares of the company’s stock, valued at approximately $8,831,587.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Santos Bernerd Da purchased 4,700 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $10.60 per share, with a total value of $49,820.00. Following the completion of the acquisition, the chief operating officer now directly owns 96,186 shares in the company, valued at $1,019,571.60. The disclosure for this purchase can be found here. Insiders have bought a total of 38,832 shares of company stock valued at $401,407 over the last ninety days. 1.09% of the stock is owned by insiders.
AES Corp (NYSE AES) traded up $0.05 during trading hours on Tuesday, reaching $10.88. 4,564,609 shares of the company were exchanged, compared to its average volume of 4,669,450. AES Corp has a 1-year low of $10.00 and a 1-year high of $12.06. The company has a quick ratio of 0.89, a current ratio of 0.99 and a debt-to-equity ratio of 3.20. The firm has a market cap of $7,151.99, a price-to-earnings ratio of -9.30, a PEG ratio of 1.30 and a beta of 1.21.
AES (NYSE:AES) last posted its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.63 billion. AES had a positive return on equity of 15.14% and a negative net margin of 5.43%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. equities analysts anticipate that AES Corp will post 1.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.78%. This is an increase from AES’s previous quarterly dividend of $0.12. The ex-dividend date is Wednesday, January 31st. AES’s dividend payout ratio (DPR) is presently -41.03%.
AES has been the subject of a number of research reports. ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. SunTrust Banks restated a “buy” rating and issued a $15.00 price target on shares of AES in a research report on Wednesday, September 13th. Bank of America upgraded shares of AES from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Monday, November 13th. Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, September 5th. Finally, Morgan Stanley cut their target price on shares of AES from $14.00 to $12.50 and set an “equal weight” rating for the company in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $12.70.
AES Company Profile
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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