AES Corp (NYSE:AES) Holdings Increased by M&T Bank Corp

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M&T Bank Corp lifted its stake in AES Corp (NYSE:AES) by 4.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,082 shares of the utilities provider’s stock after acquiring an additional 2,109 shares during the period. M&T Bank Corp’s holdings in AES were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC acquired a new stake in AES in the second quarter worth approximately $36,000. Focused Wealth Management Inc bought a new stake in shares of AES in the 2nd quarter worth $75,000. Marshall Wace North America L.P. acquired a new stake in shares of AES in the first quarter valued at $137,000. Hanseatic Management Services Inc. acquired a new stake in shares of AES in the first quarter valued at $154,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in AES by 58.3% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,233 shares of the utilities provider’s stock valued at $155,000 after buying an additional 3,400 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Shares of AES traded up $0.20 during trading hours on Wednesday, hitting $15.38. 32,533 shares of the company were exchanged, compared to its average volume of 4,457,219. The company has a market capitalization of $9.98 billion, a PE ratio of 12.43, a PEG ratio of 1.32 and a beta of 1.05. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.36 and a quick ratio of 1.24. The firm has a fifty day simple moving average of $15.70 and a 200-day simple moving average of $16.82. AES Corp has a one year low of $13.00 and a one year high of $18.52.

AES (NYSE:AES) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). AES had a return on equity of 18.94% and a net margin of 3.78%. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period last year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. Sell-side analysts expect that AES Corp will post 1.34 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.137 per share. This represents a $0.55 annualized dividend and a yield of 3.56%. The ex-dividend date was Wednesday, July 31st. This is an increase from AES’s previous quarterly dividend of $0.14. AES’s payout ratio is presently 44.35%.

AES has been the topic of a number of research analyst reports. TheStreet lowered AES from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Argus upgraded shares of AES from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. Zacks Investment Research raised shares of AES from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, June 4th. Bank of America upgraded shares of AES from an “underperform” rating to a “neutral” rating and set a $16.57 target price on the stock in a report on Thursday, June 20th. Finally, ValuEngine lowered shares of AES from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $16.77.

In other news, SVP Julian Nebreda sold 18,864 shares of AES stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $15.24, for a total value of $287,487.36. Following the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $538,185.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey W. Ubben bought 200,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average cost of $15.25 per share, for a total transaction of $3,050,000.00. The disclosure for this purchase can be found here. 1.06% of the stock is currently owned by insiders.

AES 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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Institutional Ownership by Quarter for AES (NYSE:AES)

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