Mackenzie Financial Corp Trims Holdings in The AES Co. (NYSE:AES)

Mackenzie Financial Corp decreased its position in The AES Co. (NYSE:AES - Free Report) by 94.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,524 shares of the utilities provider's stock after selling 371,750 shares during the quarter. Mackenzie Financial Corp's holdings in AES were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital International Investors lifted its stake in shares of AES by 11.4% during the first quarter. Capital International Investors now owns 77,641,395 shares of the utilities provider's stock valued at $1,392,110,000 after buying an additional 7,969,594 shares during the period. M&G Plc purchased a new position in shares of AES during the 1st quarter worth $123,272,000. Goldman Sachs Group Inc. boosted its holdings in shares of AES by 70.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,441,980 shares of the utilities provider's stock worth $124,008,000 after purchasing an additional 2,670,001 shares during the last quarter. Vanguard Group Inc. grew its position in shares of AES by 2.2% in the first quarter. Vanguard Group Inc. now owns 89,725,232 shares of the utilities provider's stock valued at $1,608,773,000 after purchasing an additional 1,929,523 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new position in AES in the second quarter valued at $30,746,000. 93.13% of the stock is currently owned by hedge funds and other institutional investors.

AES Trading Down 1.2 %

Shares of AES stock traded down $0.22 during trading hours on Friday, hitting $18.91. The company's stock had a trading volume of 10,668,366 shares, compared to its average volume of 8,167,876. The business has a fifty day moving average of $17.86 and a 200 day moving average of $18.30. The AES Co. has a 1-year low of $11.43 and a 1-year high of $22.21. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 3.63. The company has a market capitalization of $13.44 billion, a PE ratio of 26.26 and a beta of 1.07.

AES (NYSE:AES - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. AES had a return on equity of 32.74% and a net margin of 6.07%. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.22 billion. During the same period last year, the company posted $0.21 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that The AES Co. will post 1.9 EPS for the current year.

AES Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, August 1st. AES's dividend payout ratio (DPR) is 95.83%.

Wall Street Analysts Forecast Growth

Several analysts have commented on AES shares. Evercore ISI upgraded AES to a "strong-buy" rating in a report on Wednesday, September 18th. Barclays lowered their target price on shares of AES from $23.00 to $22.00 and set an "overweight" rating for the company in a report on Monday, July 22nd. Finally, Jefferies Financial Group initiated coverage on shares of AES in a report on Wednesday, September 11th. They issued a "buy" rating and a $20.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.50.

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.