Dorsey Wright & Associates bought a new stake in AES Corp (NYSE:AES) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 140,334 shares of the utilities provider’s stock, valued at approximately $1,965,000.
Other institutional investors also recently bought and sold shares of the company. Martingale Asset Management L P increased its holdings in AES by 22.8% in the 2nd quarter. Martingale Asset Management L P now owns 607,731 shares of the utilities provider’s stock valued at $8,150,000 after purchasing an additional 112,893 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in AES by 5.7% in the 2nd quarter. OppenheimerFunds Inc. now owns 2,229,948 shares of the utilities provider’s stock valued at $29,904,000 after purchasing an additional 120,330 shares during the last quarter. Capital One National Association acquired a new stake in AES in the 2nd quarter valued at approximately $1,842,000. Laurion Capital Management LP increased its holdings in AES by 25.9% in the 2nd quarter. Laurion Capital Management LP now owns 547,543 shares of the utilities provider’s stock valued at $7,343,000 after purchasing an additional 112,534 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in AES by 205.1% in the 2nd quarter. Voya Investment Management LLC now owns 1,078,881 shares of the utilities provider’s stock valued at $14,468,000 after purchasing an additional 725,231 shares during the last quarter. Hedge funds and other institutional investors own 96.65% of the company’s stock.
AES has been the subject of several research reports. UBS Group lifted their target price on shares of AES from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, June 20th. Bank of America downgraded shares of AES from a “neutral” rating to an “underperform” rating and set a $12.50 price target for the company. in a research note on Monday, July 2nd. Zacks Investment Research downgraded shares of AES from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Morgan Stanley boosted their price target on shares of AES from $13.50 to $14.00 and gave the stock a “hold” rating in a research note on Friday, September 21st. Finally, ValuEngine upgraded shares of AES from a “hold” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. AES presently has an average rating of “Hold” and a consensus target price of $14.00.
NYSE:AES opened at $14.65 on Friday. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.32 and a quick ratio of 1.18. AES Corp has a 52 week low of $9.86 and a 52 week high of $15.11.
AES (NYSE:AES) last posted its quarterly earnings results on Tuesday, August 7th. The utilities provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $3.41 billion. AES had a positive return on equity of 19.26% and a negative net margin of 1.87%. On average, sell-side analysts anticipate that AES Corp will post 1.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.55%. AES’s dividend payout ratio (DPR) is 48.15%.
AES Company Profile
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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