Wambolt & Associates LLC Trims Stock Holdings in The AES Co. (NYSE:AES)

Wambolt & Associates LLC lowered its position in shares of The AES Co. (NYSE:AES) by 6.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,397 shares of the utilities provider’s stock after selling 572 shares during the period. Wambolt & Associates LLC’s holdings in The AES were worth $221,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Liberty Wealth Management LLC purchased a new position in The AES during the second quarter valued at approximately $29,000. CKW Financial Group purchased a new position in The AES during the second quarter valued at approximately $33,000. Red Door Wealth Management LLC purchased a new position in The AES during the second quarter valued at approximately $41,000. Credit Agricole S A grew its stake in The AES by 160.1% during the second quarter. Credit Agricole S A now owns 1,834 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 1,129 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in The AES by 32.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,181 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 531 shares in the last quarter. 92.62% of the stock is owned by institutional investors.

In related news, COO Santos Bernerd Da sold 51,941 shares of the stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $24.33, for a total transaction of $1,263,724.53. Following the sale, the chief operating officer now directly owns 224,339 shares of the company’s stock, valued at approximately $5,458,167.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andres Gluski sold 245,665 shares of the stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $24.43, for a total transaction of $6,001,595.95. Following the sale, the chief executive officer now directly owns 1,389,389 shares in the company, valued at $33,942,773.27. The disclosure for this sale can be found here. Insiders sold a total of 329,634 shares of company stock worth $8,046,163 over the last ninety days. Insiders own 1.59% of the company’s stock.

Shares of NYSE AES opened at $23.95 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.17 and a debt-to-equity ratio of 4.29. The AES Co. has a 12 month low of $18.98 and a 12 month high of $29.07. The firm has a market capitalization of $15.96 billion, a PE ratio of -114.04, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81. The firm has a fifty day simple moving average of $24.00 and a two-hundred day simple moving average of $25.27.

The AES (NYSE:AES) last issued its quarterly earnings data on Tuesday, August 3rd. The utilities provider reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The AES had a negative net margin of 2.30% and a positive return on equity of 28.07%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the business earned $0.25 EPS. On average, sell-side analysts predict that The AES Co. will post 1.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 16th. Stockholders of record on Monday, August 2nd were given a $0.1505 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date was Friday, July 30th. The AES’s dividend payout ratio is presently 41.67%.

A number of research firms have commented on AES. Wolfe Research raised shares of The AES from a “market perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research note on Friday, August 6th. Susquehanna Bancshares began coverage on shares of The AES in a research note on Monday, June 21st. They issued a “positive” rating and a $32.00 price target for the company. Morgan Stanley boosted their price target on shares of The AES from $29.50 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, August 19th. Zacks Investment Research raised shares of The AES from a “sell” rating to a “hold” rating and set a $26.00 price target for the company in a research note on Thursday, September 2nd. Finally, Susquehanna assumed coverage on shares of The AES in a research note on Monday, June 21st. They issued a “positive” rating and a $32.00 price target for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, The AES has a consensus rating of “Buy” and an average price target of $29.80.

The AES Profile

AES Corp. engages in the provision of power generation and utility services through its renewable and thermal generation facilities and distribution businesses. It operates through the following segments: U.S. and Utilities Strategic Business Unit (SBU), South America SBU, MCAC SBU, Eurasia SBU and Corporate and Other.

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Institutional Ownership by Quarter for The AES (NYSE:AES)

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