Personal Capital Advisors Corp Lowers Stock Position in The AES Co. (NYSE:AES)

Personal Capital Advisors Corp decreased its position in shares of The AES Co. (NYSE:AESGet Rating) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,056,455 shares of the utilities provider’s stock after selling 20,619 shares during the period. Personal Capital Advisors Corp owned 0.31% of AES worth $52,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AES. Capital International Investors lifted its position in AES by 11.5% during the fourth quarter. Capital International Investors now owns 69,975,664 shares of the utilities provider’s stock valued at $1,700,403,000 after acquiring an additional 7,233,542 shares during the last quarter. Capital World Investors lifted its position in AES by 6.5% during the fourth quarter. Capital World Investors now owns 55,815,599 shares of the utilities provider’s stock valued at $1,356,319,000 after acquiring an additional 3,412,942 shares during the last quarter. AGF Investments Inc. lifted its position in AES by 92.1% during the first quarter. AGF Investments Inc. now owns 5,764,558 shares of the utilities provider’s stock valued at $148,322,000 after acquiring an additional 2,763,753 shares during the last quarter. Third Point LLC lifted its position in AES by 53.3% during the fourth quarter. Third Point LLC now owns 5,750,000 shares of the utilities provider’s stock valued at $139,725,000 after acquiring an additional 2,000,000 shares during the last quarter. Finally, Southpoint Capital Advisors LP raised its holdings in shares of AES by 20.5% in the fourth quarter. Southpoint Capital Advisors LP now owns 10,000,000 shares of the utilities provider’s stock worth $243,000,000 after buying an additional 1,700,000 shares during the last quarter. Hedge funds and other institutional investors own 95.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their price target on shares of AES from $29.50 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, August 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

AES Stock Up 0.2 %

NYSE:AES opened at $27.43 on Friday. The firm has a market capitalization of $18.32 billion, a P/E ratio of -47.29, a PEG ratio of 2.07 and a beta of 0.91. The AES Co. has a 1-year low of $18.62 and a 1-year high of $27.78. The company’s fifty day moving average price is $23.37 and its 200-day moving average price is $22.56. The company has a debt-to-equity ratio of 4.78, a current ratio of 1.16 and a quick ratio of 1.01.

AES (NYSE:AESGet Rating) last released its quarterly earnings data on Friday, August 5th. The utilities provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.47 billion. AES had a negative net margin of 2.64% and a positive return on equity of 32.93%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 earnings per share. As a group, equities research analysts anticipate that The AES Co. will post 1.61 EPS for the current year.

AES Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were given a dividend of $0.158 per share. The ex-dividend date of this dividend was Friday, July 29th. This represents a $0.63 annualized dividend and a yield of 2.30%. AES’s dividend payout ratio is presently -108.62%.

AES Company Profile

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The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also 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.

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Institutional Ownership by Quarter for AES (NYSE:AES)

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