Vanguard Group Inc. lessened its stake in shares of The AES Co. (NYSE:AES - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,931,468 shares of the utilities provider's stock after selling 430,109 shares during the period. Vanguard Group Inc. owned 13.35% of AES worth $1,221,768,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of AES. State Street Corp raised its holdings in AES by 18.2% in the 3rd quarter. State Street Corp now owns 38,651,752 shares of the utilities provider's stock worth $775,354,000 after acquiring an additional 5,960,546 shares during the period. Geode Capital Management LLC grew its position in shares of AES by 1.1% in the third quarter. Geode Capital Management LLC now owns 16,513,917 shares of the utilities provider's stock valued at $330,125,000 after purchasing an additional 181,975 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of AES by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,879,259 shares of the utilities provider's stock worth $88,536,000 after purchasing an additional 185,020 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in AES by 5.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,756,831 shares of the utilities provider's stock valued at $61,220,000 after purchasing an additional 249,486 shares during the period. Finally, Empower Advisory Group LLC grew its holdings in AES by 12.5% in the 4th quarter. Empower Advisory Group LLC now owns 3,961,827 shares of the utilities provider's stock valued at $50,989,000 after buying an additional 439,493 shares during the last quarter. Institutional investors own 93.13% of the company's stock.
AES Price Performance
NYSE:AES traded down $0.06 during trading hours on Tuesday, reaching $12.36. The company had a trading volume of 7,997,624 shares, compared to its average volume of 10,991,250. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 3.21. The stock has a 50-day moving average of $11.38 and a two-hundred day moving average of $13.72. The AES Co. has a one year low of $9.88 and a one year high of $22.21. The firm has a market capitalization of $8.80 billion, a PE ratio of 8.59, a PEG ratio of 0.82 and a beta of 0.94.
AES (NYSE:AES - Get Free Report) last posted its earnings results on Friday, February 28th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.20. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3.07 billion. AES had a net margin of 8.34% and a return on equity of 27.30%. During the same quarter in the prior year, the firm earned $0.73 EPS. Analysts forecast that The AES Co. will post 1.93 earnings per share for the current year.
AES Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.176 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.70 dividend on an annualized basis and a yield of 5.69%. AES's dividend payout ratio (DPR) is presently 29.54%.
Analyst Ratings Changes
AES has been the topic of several research analyst reports. HSBC began coverage on shares of AES in a research note on Friday, December 13th. They issued a "buy" rating and a $17.00 price objective on the stock. Bank of America upgraded shares of AES from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $11.00 to $13.00 in a report on Tuesday, March 4th. Seaport Res Ptn cut shares of AES from a "hold" rating to a "strong sell" rating in a research note on Monday, March 3rd. Barclays cut their price target on AES from $17.00 to $12.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Finally, Mizuho decreased their price objective on AES from $16.00 to $15.00 and set an "outperform" rating on the stock in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, AES has a consensus rating of "Moderate Buy" and a consensus target price of $16.63.
Read Our Latest Analysis on AES
About AES
(
Free Report)
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.
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