SG Americas Securities LLC reduced its stake in AES Corp (NYSE:AES) by 84.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,253 shares of the utilities provider’s stock after selling 371,973 shares during the period. SG Americas Securities LLC’s holdings in AES were worth $942,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Capital One National Association acquired a new position in shares of AES in the second quarter valued at $1,842,000. Aristotle Capital Management LLC increased its holdings in shares of AES by 6.1% in the first quarter. Aristotle Capital Management LLC now owns 18,490,269 shares of the utilities provider’s stock valued at $210,234,000 after purchasing an additional 1,069,686 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of AES by 101.4% in the second quarter. Meeder Asset Management Inc. now owns 215,104 shares of the utilities provider’s stock valued at $2,885,000 after purchasing an additional 108,292 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of AES by 234.0% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 360,349 shares of the utilities provider’s stock valued at $4,832,000 after purchasing an additional 252,451 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of AES by 22.6% in the second quarter. Nisa Investment Advisors LLC now owns 559,954 shares of the utilities provider’s stock valued at $7,509,000 after acquiring an additional 103,155 shares in the last quarter. Hedge funds and other institutional investors own 96.64% of the company’s stock.
AES stock opened at $13.11 on Friday. The company has a debt-to-equity ratio of 3.24, a quick ratio of 1.18 and a current ratio of 1.32. AES Corp has a 52 week low of $9.86 and a 52 week high of $14.11. The stock has a market capitalization of $8.87 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22.
AES (NYSE:AES) last released its quarterly earnings results on Tuesday, August 7th. The utilities provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). AES had a negative net margin of 1.87% and a positive return on equity of 19.26%. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $3.41 billion. analysts predict that AES Corp will post 1.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 17th. Investors of record on Friday, August 3rd were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, August 2nd. This represents a $0.52 annualized dividend and a dividend yield of 3.97%. AES’s dividend payout ratio (DPR) is presently 48.15%.
Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of AES from $12.00 to $13.00 and gave the company 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. 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 given a buy rating to the company’s stock. AES currently has a consensus rating of “Hold” and a consensus price target of $13.00.
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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