SG Americas Securities LLC raised its holdings in shares of The AES Corporation (NYSE:AES) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 273,972 shares of the utilities provider’s stock after purchasing an additional 11,127 shares during the quarter. SG Americas Securities LLC’s holdings in The AES were worth $3,019,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Thrivent Financial For Lutherans lifted its position in shares of The AES by 6.2% during the first quarter. Thrivent Financial For Lutherans now owns 24,270 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 1,420 shares during the last quarter. LS Investment Advisors LLC lifted its position in shares of The AES by 4.9% during the second quarter. LS Investment Advisors LLC now owns 34,125 shares of the utilities provider’s stock worth $379,000 after purchasing an additional 1,602 shares during the last quarter. Foster & Motley Inc. lifted its position in shares of The AES by 17.6% during the second quarter. Foster & Motley Inc. now owns 27,976 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 4,187 shares during the last quarter. Huntington National Bank lifted its position in shares of The AES by 62.7% during the second quarter. Huntington National Bank now owns 14,257 shares of the utilities provider’s stock worth $158,000 after purchasing an additional 5,492 shares during the last quarter. Finally, Ffcm LLC lifted its position in shares of The AES by 171.8% during the second quarter. Ffcm LLC now owns 10,495 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 6,634 shares during the last quarter. Institutional investors and hedge funds own 93.80% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded The AES from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Thursday, August 17th. BidaskClub upgraded The AES from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd. ValuEngine downgraded The AES from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Morgan Stanley restated an “equal weight” rating on shares of The AES in a report on Friday, September 8th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $12.00 price objective on shares of The AES in a report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.75.
In other news, insider Andres Gluski bought 24,632 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were purchased at an average price of $10.17 per share, for a total transaction of $250,507.44. Following the completion of the transaction, the insider now directly owns 868,396 shares in the company, valued at $8,831,587.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas M. O’flynn bought 9,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $10.64 per share, for a total transaction of $101,080.00. Following the transaction, the chief financial officer now owns 219,131 shares of the company’s stock, valued at $2,331,553.84. The disclosure for this purchase can be found here. Insiders have bought 38,832 shares of company stock worth $401,407 in the last 90 days. Insiders own 1.09% of the company’s stock.
The AES Corporation (NYSE:AES) traded down $0.13 on Thursday, reaching $10.70. The company’s stock had a trading volume of 6,142,830 shares, compared to its average volume of 5,338,137. The AES Corporation has a 52 week low of $10.00 and a 52 week high of $12.47. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.99 and a quick ratio of 0.89. The stock has a market capitalization of $7,079.35, a price-to-earnings ratio of 10.61, a PEG ratio of 1.28 and a beta of 1.21.
The AES (NYSE:AES) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). The AES had a negative net margin of 5.43% and a positive return on equity of 15.14%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter last year, the firm earned $0.32 EPS. The AES’s revenue for the quarter was up 2.5% on a year-over-year basis. research analysts predict that The AES Corporation will post 1.01 earnings per share for the current fiscal 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 of this dividend was Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.49%. The AES’s payout ratio is -41.03%.
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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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