Bokf Na Increases Position in The AES Co. (NYSE:AES)

Bokf Na lifted its holdings in shares of The AES Co. (NYSE:AES) by 15.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,526 shares of the utilities provider’s stock after acquiring an additional 8,562 shares during the quarter. Bokf Na’s holdings in AES were worth $1,184,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of AES. Capital World Investors increased its holdings in AES by 76.9% in the fourth quarter. Capital World Investors now owns 71,348,566 shares of the utilities provider’s stock valued at $1,373,460,000 after buying an additional 31,009,718 shares during the last quarter. Capital International Investors boosted its position 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 worth $1,392,110,000 after buying an additional 7,969,594 shares during the period. M&G Plc acquired a new position in shares of AES during the first quarter worth approximately $123,272,000. Goldman Sachs Group Inc. boosted its position 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 buying an additional 2,670,001 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of AES by 2.2% during the first quarter. Vanguard Group Inc. now owns 89,725,232 shares of the utilities provider’s stock worth $1,608,773,000 after buying an additional 1,929,523 shares during the period. 93.13% of the stock is owned by hedge funds and other institutional investors.

AES Stock Down 0.7 %

Shares of NYSE AES traded down $0.12 during mid-day trading on Monday, reaching $17.40. The company had a trading volume of 731,539 shares, compared to its average volume of 8,068,653. The AES Co. has a twelve month low of $11.43 and a twelve month high of $22.21. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.71 and a current ratio of 0.78. The stock has a market capitalization of $12.37 billion, a PE ratio of 24.33 and a beta of 1.09. The stock’s 50 day moving average is $19.04 and its 200-day moving average is $17.81.

AES (NYSE:AES) last posted its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. AES had a net margin of 4.40% and a return on equity of 36.23%. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the business posted $0.22 earnings per share. AES’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that The AES Co. will post 1.91 earnings per share for the current fiscal year.

AES Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Thursday, August 1st. AES’s dividend payout ratio (DPR) is 95.83%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AES. UBS Group reduced their price objective on AES from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 3rd. Mizuho upped their target price on AES from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Seaport Res Ptn downgraded AES from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Royal Bank of Canada restated an “outperform” rating and issued a $22.00 target price on shares of AES in a research report on Tuesday, April 9th. Finally, Barclays cut their price objective on AES from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.75.

About AES

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.