Thrivent Financial For Lutherans raised its position in shares of The AES Corporation (NYSE:AES) by 6.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,270 shares of the utilities provider’s stock after buying an additional 1,420 shares during the period. Thrivent Financial For Lutherans’ holdings in The AES Corporation were worth $271,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. 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 worth $130,838,000 after buying an additional 2,638,095 shares during the last quarter. Prudential Financial Inc. raised its position in shares of The AES Corporation by 28.1% in the first quarter. Prudential Financial Inc. now owns 9,761,070 shares of the utilities provider’s stock valued at $109,129,000 after buying an additional 2,142,100 shares in the last quarter. OppenheimerFunds Inc. increased its stake in The AES Corporation by 253.8% in the first quarter. OppenheimerFunds Inc. now owns 2,138,309 shares of the utilities provider’s stock valued at $23,906,000 after buying an additional 1,534,005 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in The AES Corporation by 70.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,754,019 shares of the utilities provider’s stock valued at $30,790,000 after buying an additional 1,133,600 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its stake in The AES Corporation by 1,482.4% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,047,812 shares of the utilities provider’s stock valued at $11,714,000 after buying an additional 981,594 shares during the last quarter. 93.49% of the stock is owned by institutional investors and hedge funds.
Shares of The AES Corporation (NYSE AES) traded down 1.125% during trading on Tuesday, reaching $10.985. 486,663 shares of the company were exchanged. The stock’s market capitalization is $7.25 billion. The firm has a 50-day moving average price of $11.15 and a 200-day moving average price of $11.37. The AES Corporation has a 1-year low of $10.60 and a 1-year high of $13.32.
The AES Corporation (NYSE:AES) last released its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The AES Corporation had a negative net margin of 5.30% and a positive return on equity of 15.86%. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same quarter last year, the company earned $0.17 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts predict that The AES Corporation will post $1.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.48 annualized dividend and a dividend yield of 4.32%. The AES Corporation’s dividend payout ratio (DPR) is -42.10%.
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Several analysts recently weighed in on the company. BidaskClub upgraded The AES Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded The AES Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. ValuEngine upgraded The AES Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of The AES Corporation in a report on Monday, July 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.75.
The AES Corporation Company Profile
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.
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