State of Wisconsin Investment Board increased its position in AES Corp (NYSE:AES) by 18.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 971,069 shares of the utilities provider’s stock after buying an additional 149,743 shares during the period. State of Wisconsin Investment Board’s holdings in AES Corp were worth $10,857,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of AES. 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 worth $253,405,000 after buying an additional 1,926,434 shares during the last quarter. Aristotle Capital Management LLC boosted its position in shares of AES Corp by 4.4% in the fourth quarter. Aristotle Capital Management LLC now owns 14,783,284 shares of the utilities provider’s stock worth $171,781,000 after buying an additional 622,330 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 worth $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 worth $78,617,000 after buying an additional 2,248,982 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of AES Corp by 4.7% in the first quarter. Pictet Asset Management Ltd. now owns 5,720,993 shares of the utilities provider’s stock worth $63,961,000 after buying an additional 254,927 shares during the last quarter. 93.97% of the stock is owned by institutional investors and hedge funds.
AES Corp (NYSE:AES) traded up 0.18% during midday trading on Friday, reaching $11.20. The company had a trading volume of 6,100,490 shares. The stock’s 50 day moving average is $11.31 and its 200 day moving average is $11.48. The company’s market capitalization is $7.39 billion. AES Corp has a one year low of $10.73 and a one year high of $13.32.
AES Corp (NYSE:AES) last announced its quarterly earnings data on Monday, May 8th. The utilities provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by $0.03. AES Corp had a negative net margin of 1.95% and a positive return on equity of 14.01%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts forecast that AES Corp will post $1.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, April 27th. This represents a $0.48 annualized dividend and a yield of 4.29%. AES Corp’s dividend payout ratio is currently -117.07%.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded AES Corp from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Thursday, February 16th. Argus restated a “hold” rating on shares of AES Corp in a research report on Thursday, March 23rd. One equities research 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’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.33.
AES Corp 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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