State of Alaska Department of Revenue increased its holdings in AES Corp (NYSE:AES) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,573 shares of the utilities provider’s stock after buying an additional 3,911 shares during the period. State of Alaska Department of Revenue’s holdings in AES were worth $2,053,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AJO LP raised its position in shares of AES by 13.8% in the first quarter. AJO LP now owns 10,291,239 shares of the utilities provider’s stock valued at $186,066,000 after buying an additional 1,245,605 shares in the last quarter. Geode Capital Management LLC raised its position in shares of AES by 7.9% in the fourth quarter. Geode Capital Management LLC now owns 9,484,866 shares of the utilities provider’s stock valued at $136,934,000 after buying an additional 691,153 shares in the last quarter. Northern Trust Corp raised its position in shares of AES by 1.6% in the first quarter. Northern Trust Corp now owns 7,886,967 shares of the utilities provider’s stock valued at $142,596,000 after buying an additional 123,329 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of AES by 10.7% in the first quarter. Janus Henderson Group PLC now owns 7,022,797 shares of the utilities provider’s stock valued at $126,973,000 after buying an additional 681,169 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of AES by 40.6% in the first quarter. JPMorgan Chase & Co. now owns 5,478,822 shares of the utilities provider’s stock valued at $99,056,000 after buying an additional 1,582,707 shares in the last quarter. Institutional investors own 93.27% of the company’s stock.
A number of research firms have recently weighed in on AES. Zacks Investment Research upgraded shares of AES from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Tuesday, June 4th. ValuEngine downgraded shares of AES from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and set a $16.57 price objective for the company in a research report on Thursday, June 20th. Finally, Argus upgraded shares of AES from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. AES currently has a consensus rating of “Hold” and an average price target of $16.02.
AES traded down $0.47 during trading on Friday, hitting $16.83. 5,935,285 shares of the stock traded hands, compared to its average volume of 4,586,552. AES Corp has a twelve month low of $13.00 and a twelve month high of $18.52. The firm has a market cap of $11.48 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.21 and a current ratio of 1.34. The business’s 50 day moving average is $16.96.
AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). AES had a net margin of 6.32% and a return on equity of 19.05%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts forecast that AES Corp will post 1.34 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.137 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Wednesday, July 31st. This is a boost from AES’s previous quarterly dividend of $0.14. AES’s payout ratio is presently 44.35%.
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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