Teacher Retirement System of Texas Increases Stock Position in AES Corp (NYSE:AES)

Teacher Retirement System of Texas raised its position in shares of AES Corp (NYSE:AES) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,002,366 shares of the utilities provider’s stock after buying an additional 27,040 shares during the quarter. Teacher Retirement System of Texas owned about 0.15% of AES worth $16,800,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in shares of AES by 204.0% during the second quarter. SG Americas Securities LLC now owns 373,219 shares of the utilities provider’s stock valued at $6,255,000 after acquiring an additional 250,431 shares in the last quarter. Hennessy Advisors Inc. increased its holdings in shares of AES by 3.0% during the second quarter. Hennessy Advisors Inc. now owns 1,340,200 shares of the utilities provider’s stock valued at $22,462,000 after acquiring an additional 39,100 shares in the last quarter. Norinchukin Bank The increased its holdings in shares of AES by 3.6% during the first quarter. Norinchukin Bank The now owns 125,703 shares of the utilities provider’s stock valued at $2,273,000 after acquiring an additional 4,377 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of AES during the first quarter valued at $458,000. Finally, Chase Investment Counsel Corp bought a new position in shares of AES during the first quarter valued at $4,160,000. 94.82% of the stock is owned by institutional investors and hedge funds.

In other AES news, Director Jeffrey W. Ubben acquired 200,000 shares of AES stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average cost of $15.25 per share, for a total transaction of $3,050,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 1.06% of the stock is currently owned by company insiders.

AES has been the subject of several analyst reports. Argus upgraded AES from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Bank of America upgraded AES from an “underperform” rating to a “neutral” rating and set a $16.57 price target for the company in a report on Thursday, June 20th. Zacks Investment Research upgraded AES from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, June 4th. TheStreet downgraded AES from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Finally, Evercore ISI set a $19.00 price target on AES and gave the company a “buy” rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $16.77.

NYSE AES traded up $0.01 during trading hours on Friday, hitting $15.21. The company’s stock had a trading volume of 26,026 shares, compared to its average volume of 5,503,931. AES Corp has a 12 month low of $13.00 and a 12 month high of $18.52. The company’s 50 day simple moving average is $16.46 and its two-hundred day simple moving average is $17.01. The company has a market cap of $10.08 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.36 and a quick ratio of 1.24.

AES (NYSE:AES) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). AES had a return on equity of 18.94% and a net margin of 3.78%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. AES’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, research analysts predict that AES Corp will post 1.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.137 dividend. This represents a $0.55 annualized dividend and a yield of 3.60%. This is an increase from AES’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, July 31st. AES’s dividend payout ratio (DPR) is presently 44.35%.

AES Company Profile

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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Institutional Ownership by Quarter for AES (NYSE:AES)

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