Ffcm LLC raised its stake in shares of The AES Corporation (NYSE:AES) by 171.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,495 shares of the utilities provider’s stock after buying an additional 6,634 shares during the period. Ffcm LLC’s holdings in The AES Corporation were worth $116,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Northern Capital Management LLC grew its position in shares of The AES Corporation by 21.3% in the second quarter. Northern Capital Management LLC now owns 93,000 shares of the utilities provider’s stock valued at $1,033,000 after purchasing an additional 16,350 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in The AES Corporation by 5.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 9,976,647 shares of the utilities provider’s stock worth $110,841,000 after buying an additional 541,021 shares in the last quarter. Community Bank & Trust Waco Texas acquired a new stake in The AES Corporation during the second quarter worth about $134,000. Everence Capital Management Inc. grew its position in The AES Corporation by 104.5% during the second quarter. Everence Capital Management Inc. now owns 28,654 shares of the utilities provider’s stock worth $318,000 after buying an additional 14,640 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in The AES Corporation by 464.4% during the second quarter. SG Americas Securities LLC now owns 262,845 shares of the utilities provider’s stock worth $2,920,000 after buying an additional 216,274 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.
AES has been the topic of a number of recent research reports. Zacks Investment Research downgraded The AES Corporation from a “buy” rating to a “sell” rating in a research report on Monday. ValuEngine downgraded The AES Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Morgan Stanley reaffirmed an “equal weight” rating on shares of The AES Corporation in a report on Friday, September 8th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $15.00 target price on shares of The AES Corporation in a research note on Wednesday. Finally, BidaskClub upgraded shares of The AES Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The AES Corporation presently has an average rating of “Hold” and a consensus price target of $12.40.
Shares of The AES Corporation (NYSE:AES) traded down 0.222% during midday trading on Friday, reaching $11.235. 1,569,527 shares of the company’s stock traded hands. The stock has a 50 day moving average of $11.18 and a 200-day moving average of $11.32. The AES Corporation has a 12 month low of $10.60 and a 12 month high of $13.32. The stock’s market cap is $7.42 billion.
The AES Corporation (NYSE:AES) last issued its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the company earned $0.17 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts forecast that The AES Corporation will post $1.05 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend was Tuesday, August 1st. The AES Corporation’s dividend payout ratio is -42.10%.
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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