New York State Teachers Retirement System Raises Stake in The AES Co. (NYSE:AES)

New York State Teachers Retirement System increased its position in shares of The AES Co. (NYSE:AES - Free Report) by 10.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 724,766 shares of the utilities provider's stock after purchasing an additional 68,655 shares during the period. New York State Teachers Retirement System owned 0.10% of AES worth $12,734,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC lifted its holdings in shares of AES by 92.4% in the second quarter. Rise Advisors LLC now owns 1,499 shares of the utilities provider's stock valued at $26,000 after buying an additional 720 shares during the period. Riverview Trust Co bought a new position in AES during the first quarter valued at approximately $33,000. Glassman Wealth Services grew its position in AES by 186.1% in the fourth quarter. Glassman Wealth Services now owns 1,928 shares of the utilities provider's stock worth $37,000 after acquiring an additional 1,254 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of AES during the 4th quarter worth $57,000. Finally, Palisade Asset Management LLC bought a new position in shares of AES during the 1st quarter valued at $61,000. 93.13% of the stock is currently owned by institutional investors and hedge funds.

AES Price Performance

Shares of NYSE:AES traded up $0.31 during midday trading on Friday, reaching $18.08. 6,788,472 shares of the company's stock were exchanged, compared to its average volume of 8,086,740. The firm has a market capitalization of $12.85 billion, a PE ratio of 25.11 and a beta of 1.08. The company's 50 day simple moving average is $17.67 and its two-hundred day simple moving average is $17.81. The AES Co. has a 12 month low of $11.43 and a 12 month high of $22.21. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.71 and a current ratio of 0.78.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.22 billion. AES had a return on equity of 35.44% and a net margin of 6.07%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share. Equities research analysts expect that The AES Co. will post 1.91 earnings per share for the current fiscal year.

AES Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Thursday, August 1st. AES's payout ratio is presently 95.83%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Barclays dropped their price target on AES from $23.00 to $22.00 and set an "overweight" rating on the stock in a research report on Monday, July 22nd. Mizuho upped their target price on shares of AES from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Friday, May 17th. Finally, Seaport Res Ptn lowered shares of AES from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.

AES Profile

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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.