Wealthfront Advisers LLC raised its position in shares of AES Corp (NYSE:AES) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 121,358 shares of the utilities provider’s stock after purchasing an additional 2,773 shares during the quarter. Wealthfront Advisers LLC’s holdings in AES were worth $2,194,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of AES. Acorn Advisory Capital L.P. bought a new stake in AES in the first quarter worth $360,000. Tyers Asset Management LLC boosted its holdings in AES by 428.7% in the first quarter. Tyers Asset Management LLC now owns 117,152 shares of the utilities provider’s stock worth $2,118,000 after purchasing an additional 94,992 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in AES by 2.0% in the first quarter. Lazard Asset Management LLC now owns 113,346 shares of the utilities provider’s stock worth $2,049,000 after purchasing an additional 2,188 shares in the last quarter. Banco Santander S.A. bought a new stake in AES in the first quarter worth $347,000. Finally, Northern Trust Corp boosted its holdings in AES by 1.6% in the first quarter. Northern Trust Corp now owns 7,886,967 shares of the utilities provider’s stock worth $142,596,000 after purchasing an additional 123,329 shares in the last quarter. Institutional investors and hedge funds own 93.64% of the company’s stock.
A number of equities research analysts recently issued reports on AES shares. Zacks Investment Research cut shares of AES from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Argus upgraded shares of AES from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $14.25.
AES (NYSE:AES) last released its earnings results on Tuesday, May 7th. The utilities provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.47 billion. AES had a return on equity of 19.05% and a net margin of 6.32%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. As a group, sell-side analysts expect that AES Corp will post 1.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.1365 per share. This represents a $0.55 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Tuesday, April 30th. AES’s dividend payout ratio is 44.35%.
In related news, insider Jeffrey W. Ubben acquired 2,582,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was acquired at an average price of $16.10 per share, with a total value of $41,570,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey W. Ubben acquired 2,482,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were bought at an average cost of $16.11 per share, with a total value of $39,985,020.00. The disclosure for this purchase can be found here. 1.06% of the stock is owned by insiders.
AES Company Profile
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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