The AES Co. (NYSE:AES) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its holdings in shares of The AES Co. (NYSE:AES) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,704 shares of the utilities provider’s stock after acquiring an additional 1,341 shares during the period. IFM Investors Pty Ltd’s holdings in AES were worth $2,577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AES. CWM LLC boosted its holdings in shares of AES by 39.8% in the third quarter. CWM LLC now owns 11,716 shares of the utilities provider’s stock valued at $178,000 after acquiring an additional 3,338 shares in the last quarter. AE Wealth Management LLC raised its stake in shares of AES by 6.3% in the 3rd quarter. AE Wealth Management LLC now owns 92,244 shares of the utilities provider’s stock worth $1,402,000 after buying an additional 5,453 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of AES by 35.2% in the third quarter. Global Retirement Partners LLC now owns 3,710 shares of the utilities provider’s stock valued at $56,000 after buying an additional 965 shares during the period. SG Americas Securities LLC grew its holdings in AES by 16.6% during the third quarter. SG Americas Securities LLC now owns 66,110 shares of the utilities provider’s stock worth $1,005,000 after acquiring an additional 9,436 shares during the period. Finally, Czech National Bank raised its position in AES by 47.7% in the third quarter. Czech National Bank now owns 117,037 shares of the utilities provider’s stock worth $1,779,000 after acquiring an additional 37,783 shares in the last quarter. Institutional investors own 93.13% of the company’s stock.

AES Stock Up 0.5 %

AES traded up $0.08 on Friday, reaching $17.21. 4,772,193 shares of the company traded hands, compared to its average volume of 7,139,495. The AES Co. has a 52-week low of $11.43 and a 52-week high of $23.81. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.68 and a quick ratio of 0.61. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 52.15 and a beta of 1.08. The stock’s 50 day moving average price is $16.52 and its 200-day moving average price is $16.77.

AES (NYSE:AES) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.06. AES had a return on equity of 38.76% and a net margin of 2.12%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the company earned $0.49 earnings per share. AES’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, sell-side analysts expect that The AES Co. will post 1.91 EPS for the current fiscal year.

AES Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 4.01%. The ex-dividend date is Tuesday, April 30th. AES’s payout ratio is presently 209.10%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AES. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of AES in a research note on Tuesday, April 9th. Argus reaffirmed a “buy” rating and issued a $25.00 price target on shares of AES in a report on Tuesday, March 26th. Mizuho began coverage on AES in a report on Thursday, April 18th. They issued a “buy” rating and a $21.00 target price on the stock. Barclays decreased their price target on AES from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $25.00 price objective on shares of AES in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, AES has an average rating of “Moderate Buy” and an average price target of $22.13.

About AES

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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.