Rampart Investment Management Company LLC trimmed its holdings in shares of AES Corp (NYSE:AES) by 24.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 285,476 shares of the utilities provider’s stock after selling 92,108 shares during the period. Rampart Investment Management Company LLC’s holdings in AES were worth $3,828,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Evergreen Capital Management LLC purchased a new stake in shares of AES during the first quarter worth about $117,000. Lakeview Capital Partners LLC purchased a new stake in shares of AES during the first quarter worth about $124,000. Gideon Capital Advisors Inc. bought a new position in AES in the second quarter worth about $142,000. Mount Yale Investment Advisors LLC bought a new position in AES in the first quarter worth about $146,000. Finally, Wedbush Securities Inc. bought a new position in AES in the second quarter worth about $152,000. Institutional investors and hedge funds own 96.64% of the company’s stock.
A number of equities analysts recently issued reports on AES shares. UBS Group increased their price target on shares of AES from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 20th. Bank of America downgraded shares of AES from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 16th. They noted that the move was a valuation call. Scotiabank raised shares of AES from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, May 9th. Finally, Zacks Investment Research downgraded shares of AES from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. AES currently has a consensus rating of “Hold” and an average target price of $13.00.
AES stock opened at $13.41 on Thursday. AES Corp has a 1 year low of $9.86 and a 1 year high of $14.11. The stock has a market capitalization of $8.91 billion, a P/E ratio of 12.42, a P/E/G ratio of 1.39 and a beta of 1.22. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 3.24.
AES (NYSE:AES) last released its quarterly earnings results on Tuesday, August 7th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). AES had a positive return on equity of 19.26% and a negative net margin of 1.87%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $3.41 billion. equities analysts anticipate that AES Corp will post 1.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 17th. Shareholders of record on Friday, August 3rd were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Thursday, August 2nd. AES’s dividend payout ratio is 48.15%.
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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