Thompson Davis & CO. Inc. maintained its position in AES Corp (NYSE:AES) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,876 shares of the utilities provider’s stock at the end of the first quarter. Thompson Davis & CO. Inc.’s holdings in AES Corp were worth $390,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AES. Thompson Siegel & Walmsley LLC boosted its position in shares of AES Corp by 426.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 5,416,985 shares of the utilities provider’s stock valued at $62,945,000 after buying an additional 4,388,090 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of AES Corp by 29.1% in the first quarter. Bank of New York Mellon Corp now owns 11,702,896 shares of the utilities provider’s stock valued at $130,838,000 after buying an additional 2,638,095 shares during the last quarter. Capital Guardian Trust Co. boosted its position in shares of AES Corp by 49.8% in the fourth quarter. Capital Guardian Trust Co. now owns 6,765,666 shares of the utilities provider’s stock valued at $78,617,000 after buying an additional 2,248,982 shares during the last quarter. Capital International Investors boosted its position in shares of AES Corp by 10.8% in the third quarter. Capital International Investors now owns 19,720,220 shares of the utilities provider’s stock valued at $253,405,000 after buying an additional 1,926,434 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of AES Corp by 70.0% in the first quarter. Canada Pension Plan Investment Board now owns 2,754,019 shares of the utilities provider’s stock valued at $30,790,000 after buying an additional 1,133,600 shares during the last quarter. 93.97% of the stock is currently owned by institutional investors.
AES Corp (NYSE:AES) traded up 0.18% during mid-day trading on Friday, hitting $11.20. 6,100,490 shares of the stock were exchanged. AES Corp has a 12-month low of $10.73 and a 12-month high of $13.32. The company has a 50 day moving average of $11.31 and a 200 day moving average of $11.48. The firm’s market cap is $7.39 billion.
AES Corp (NYSE:AES) last issued its quarterly earnings results on Monday, May 8th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.03. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.46 billion. AES Corp had a positive return on equity of 14.01% and a negative net margin of 1.95%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. On average, equities analysts anticipate that AES Corp will post $1.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, April 27th. This represents a $0.48 dividend on an annualized basis and a yield of 4.29%. AES Corp’s dividend payout ratio (DPR) is presently -117.07%.
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Several research analysts have issued reports on AES shares. Zacks Investment Research upgraded shares of AES Corp from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Thursday, February 16th. Argus reiterated a “hold” rating on shares of AES Corp in a report on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. AES Corp currently has an average rating of “Hold” and a consensus price target of $12.33.
About AES Corp
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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