Public Employees Retirement System of Ohio raised its stake in AES Corp (NYSE:AES) by 7.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 312,162 shares of the utilities provider’s stock after acquiring an additional 22,799 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in AES were worth $3,440,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in AES. Community Bank & Trust Waco Texas purchased a new stake in shares of AES in the second quarter valued at approximately $134,000. Thompson Siegel & Walmsley LLC increased its position in shares of AES by 5.7% in the second quarter. Thompson Siegel & Walmsley LLC now owns 9,976,647 shares of the utilities provider’s stock valued at $110,841,000 after buying an additional 541,021 shares in the last quarter. Northern Capital Management LLC increased its position in shares of AES by 21.3% in the second quarter. Northern Capital Management LLC now owns 93,000 shares of the utilities provider’s stock valued at $1,033,000 after buying an additional 16,350 shares in the last quarter. Ffcm LLC increased its position in shares of AES by 171.8% in the second quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock valued at $116,000 after buying an additional 6,634 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in shares of AES by 36.6% in the second quarter. Schroder Investment Management Group now owns 783,925 shares of the utilities provider’s stock valued at $8,749,000 after buying an additional 209,924 shares in the last quarter. 93.13% of the stock is owned by institutional investors.
AES Corp (NYSE:AES) opened at $11.04 on Friday. AES Corp has a 12 month low of $10.00 and a 12 month high of $12.06. The firm has a market capitalization of $7,290.00, a price-to-earnings ratio of -368.00, a price-to-earnings-growth ratio of 1.11 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.
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). AES had a negative net margin of 5.43% and a positive return on equity of 15.14%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same period last year, the company earned $0.32 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. equities analysts forecast that AES Corp will post 1.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a dividend of $0.13 per share. This is a positive change from AES’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $0.52 annualized dividend and a yield of 4.71%. AES’s dividend payout ratio is presently -1,600.00%.
In other news, CFO Thomas M. O’flynn bought 9,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average price of $10.64 per share, with a total value of $101,080.00. Following the purchase, the chief financial officer now owns 219,131 shares in the company, valued at $2,331,553.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andres Gluski bought 24,632 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average cost of $10.17 per share, for a total transaction of $250,507.44. Following the purchase, the insider now 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 three months, insiders have purchased 38,832 shares of company stock worth $401,407. 1.09% of the stock is owned by corporate insiders.
Several brokerages recently commented on AES. ValuEngine upgraded AES from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Morgan Stanley dropped their price target on AES from $14.00 to $12.50 and set an “equal weight” rating for the company in a research report on Wednesday, December 13th. Finally, Bank of America upgraded AES from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.70.
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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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