Xact Kapitalforvaltning AB Increases Stake in The AES Corporation (NYSE:AES)

Xact Kapitalforvaltning AB boosted its stake in The AES Corporation (NYSE:AES) by 14.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,698 shares of the utilities provider’s stock after buying an additional 6,283 shares during the period. Xact Kapitalforvaltning AB’s holdings in The AES Corporation were worth $563,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in The AES Corporation by 4.6% in the first quarter. Vanguard Group Inc. now owns 77,076,177 shares of the utilities provider’s stock valued at $861,713,000 after buying an additional 3,406,863 shares during the last quarter. BlackRock Inc. raised its position in The AES Corporation by 5,080.9% in the first quarter. BlackRock Inc. now owns 68,829,027 shares of the utilities provider’s stock valued at $769,510,000 after buying an additional 67,500,500 shares during the last quarter. Aristotle Capital Management LLC raised its position in The AES Corporation by 2.4% in the first quarter. Aristotle Capital Management LLC now owns 15,141,789 shares of the utilities provider’s stock valued at $169,285,000 after buying an additional 358,505 shares during the last quarter. Bank of New York Mellon Corp raised its position in The AES Corporation by 29.1% in the first quarter. Bank of New York Mellon Corp now owns 11,702,896 shares of the utilities provider’s stock valued at $130,838,000 after buying an additional 2,638,095 shares during the last quarter. Finally, TCW Group Inc. raised its position in The AES Corporation by 1.7% in the first quarter. TCW Group Inc. now owns 10,374,795 shares of the utilities provider’s stock valued at $115,990,000 after buying an additional 173,907 shares during the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The AES Corporation (AES) opened at 11.42 on Friday. The AES Corporation has a 52-week low of $10.60 and a 52-week high of $13.32. The firm’s market cap is $7.54 billion. The firm has a 50-day moving average price of $11.44 and a 200-day moving average price of $11.41.

The AES Corporation (NYSE:AES) last announced its quarterly earnings results on Monday, May 8th. The utilities provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.46 billion. The AES Corporation had a positive return on equity of 14.71% and a negative net margin of 9.27%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 EPS. Analysts predict that The AES Corporation will post $1.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Tuesday, August 1st. The AES Corporation’s dividend payout ratio is -24.62%.

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AES has been the topic of several research reports. ValuEngine lowered The AES Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research raised The AES Corporation from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, July 12th. BidaskClub raised The AES Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of The AES Corporation in a research note on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The AES Corporation presently has an average rating of “Hold” and an average price target of $11.75.

About The AES Corporation

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.