Greenleaf Trust raised its stake in shares of The AES Co. (NYSE:AES – Get Rating) by 22.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,534 shares of the utilities provider’s stock after purchasing an additional 3,450 shares during the period. Greenleaf Trust’s holdings in AES were worth $533,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its position in shares of AES by 12.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 51,262 shares of the utilities provider’s stock valued at $1,319,000 after acquiring an additional 5,594 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of AES by 9.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 91,659 shares of the utilities provider’s stock valued at $2,358,000 after purchasing an additional 7,975 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of AES by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 309,233 shares of the utilities provider’s stock valued at $8,291,000 after purchasing an additional 3,755 shares during the period. Yousif Capital Management LLC lifted its stake in AES by 2.1% in the first quarter. Yousif Capital Management LLC now owns 110,543 shares of the utilities provider’s stock worth $2,844,000 after acquiring an additional 2,285 shares during the last quarter. Finally, Cibc World Market Inc. lifted its stake in AES by 24.2% in the first quarter. Cibc World Market Inc. now owns 22,300 shares of the utilities provider’s stock worth $574,000 after acquiring an additional 4,351 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AES has been the subject of a number of recent research reports. Evercore ISI lifted their price target on shares of AES to $30.00 in a research note on Monday, December 12th. StockNews.com started coverage on shares of AES in a research report on Thursday, March 16th. They set a “hold” rating for the company. TheStreet downgraded shares of AES from a “b-” rating to a “c” rating in a research report on Monday, February 27th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $32.00 price objective on shares of AES in a research report on Monday, March 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, AES has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.
AES Stock Performance
AES (NYSE:AES – Get Rating) last issued its earnings results on Monday, February 27th. The utilities provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. AES had a negative net margin of 3.99% and a positive return on equity of 37.94%. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the firm earned $0.45 EPS. The business’s revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts predict that The AES Co. will post 1.72 earnings per share for the current year.
AES Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be given a $0.1659 dividend. The ex-dividend date of this dividend is Friday, April 28th. This represents a $0.66 annualized dividend and a dividend yield of 2.72%. AES’s dividend payout ratio is presently -75.86%.
AES Profile
The 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. The U.S.
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