Robeco Institutional Asset Management B.V. Grows Stake in AES Corp (AES)

Robeco Institutional Asset Management B.V. lifted its stake in shares of AES Corp (NYSE:AES) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 373,023 shares of the utilities provider’s stock after acquiring an additional 24,533 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.06% of AES worth $4,242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC boosted its stake in shares of AES by 2.8% during the 4th quarter. Brandywine Global Investment Management LLC now owns 195,772 shares of the utilities provider’s stock worth $2,121,000 after acquiring an additional 5,350 shares in the last quarter. Corient Capital Partners LLC boosted its stake in shares of AES by 2.4% during the 4th quarter. Corient Capital Partners LLC now owns 277,605 shares of the utilities provider’s stock worth $3,006,000 after acquiring an additional 6,543 shares in the last quarter. Jefferies Group LLC boosted its stake in shares of AES by 2.3% during the 4th quarter. Jefferies Group LLC now owns 300,000 shares of the utilities provider’s stock worth $3,249,000 after acquiring an additional 6,766 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of AES by 19.8% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 41,834 shares of the utilities provider’s stock worth $453,000 after acquiring an additional 6,921 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in shares of AES by 9.9% during the 4th quarter. Amalgamated Bank now owns 83,188 shares of the utilities provider’s stock worth $901,000 after acquiring an additional 7,465 shares in the last quarter. 94.39% of the stock is owned by institutional investors and hedge funds.

Shares of AES opened at $11.93 on Monday, MarketBeat reports. The firm has a market capitalization of $7.89 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 1.20 and a beta of 1.14. The company has a quick ratio of 1.00, a current ratio of 1.12 and a debt-to-equity ratio of 3.20. AES Corp has a 12 month low of $9.86 and a 12 month high of $12.45.

AES (NYSE:AES) last issued its earnings results on Tuesday, May 8th. The utilities provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. AES had a positive return on equity of 18.70% and a negative net margin of 3.63%. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the firm posted $0.17 earnings per share. AES’s revenue was up 6.2% compared to the same quarter last year. analysts predict that AES Corp will post 1.21 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st were issued a dividend of $0.13 per share. The ex-dividend date was Monday, April 30th. This represents a $0.52 annualized dividend and a dividend yield of 4.36%. AES’s dividend payout ratio is 48.15%.

Several equities research analysts have recently weighed in on the company. Bank of America lowered AES from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 16th. They noted that the move was a valuation call. Scotiabank raised AES from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, May 9th. Zacks Investment Research lowered AES from a “buy” rating to a “hold” rating in a research note on Monday, April 30th. Morgan Stanley assumed coverage on AES in a research note on Friday, April 27th. They set a “weight” rating and a $13.50 price objective for the company. Finally, ValuEngine raised AES from a “hold” rating to a “buy” rating in a research note on Friday, April 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.79.

About AES

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.

Institutional Ownership by Quarter for AES (NYSE:AES)

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