Schroder Investment Management Group raised its holdings in shares of The AES Corporation (NYSE:AES) by 39.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,091,840 shares of the utilities provider’s stock after buying an additional 307,915 shares during the period. Schroder Investment Management Group owned about 0.17% of The AES worth $12,098,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Thompson Siegel & Walmsley LLC lifted its position in shares of The AES by 7.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 10,753,174 shares of the utilities provider’s stock valued at $118,500,000 after acquiring an additional 776,527 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of The AES by 11.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,056,119 shares of the utilities provider’s stock valued at $33,953,000 after acquiring an additional 302,100 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of The AES by 60.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,756,793 shares of the utilities provider’s stock valued at $30,628,000 after acquiring an additional 1,040,302 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of The AES by 21.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,584,289 shares of the utilities provider’s stock valued at $28,711,000 after acquiring an additional 463,603 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of The AES in the 3rd quarter valued at approximately $21,256,000. Hedge funds and other institutional investors own 93.80% of the company’s stock.
In other news, CFO Thomas M. O’flynn bought 9,500 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $10.64 per share, for a total transaction of $101,080.00. Following the purchase, the chief financial officer now owns 219,131 shares of the company’s stock, valued at approximately $2,331,553.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andres Gluski bought 24,632 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $10.17 per share, for a total transaction of $250,507.44. Following the completion of the purchase, the insider now directly owns 868,396 shares in the company, valued at approximately $8,831,587.32. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 38,832 shares of company stock worth $401,407. 1.09% of the stock is currently owned by company insiders.
The AES Corporation (NYSE:AES) opened at $10.70 on Friday. The AES Corporation has a 12 month low of $10.00 and a 12 month high of $12.47. The company has a market cap of $7,151.99, a price-to-earnings ratio of 10.72, a PEG ratio of 1.30 and a beta of 1.21. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.89 and a current ratio of 0.99.
The AES (NYSE:AES) last announced its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.05). The AES had a positive return on equity of 15.14% and a negative net margin of 5.43%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter last year, the company earned $0.32 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. research analysts forecast that The AES Corporation will post 1.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 4.49%. The AES’s dividend payout ratio (DPR) is -41.03%.
AES has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of The AES from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Tuesday, September 5th. Bank of America upgraded shares of The AES from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Monday, November 13th. SunTrust Banks reiterated a “buy” rating and issued a $15.00 target price on shares of The AES in a research report on Wednesday, September 13th. Morgan Stanley reiterated an “equal weight” rating on shares of The AES in a research report on Friday, September 8th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $12.00 target price on shares of The AES in a research report on Monday, September 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The AES currently has an average rating of “Hold” and an average price target of $12.75.
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The AES 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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