Aperio Group LLC Raises Stake in The AES Corp. (AES)
Aperio Group LLC boosted its position in The AES Corp. (NYSE:AES) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 380,286 shares of the company’s stock after buying an additional 29,794 shares during the period. Aperio Group LLC’s holdings in The AES Corp. were worth $4,887,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors increased its stake in The AES Corp. by 18.6% in the second quarter. Capital International Investors now owns 17,793,786 shares of the company’s stock valued at $222,066,000 after buying an additional 2,788,267 shares during the last quarter. Herndon Capital Management LLC increased its stake in The AES Corp. by 11.9% in the second quarter. Herndon Capital Management LLC now owns 8,352,280 shares of the company’s stock valued at $104,232,000 after buying an additional 886,881 shares during the last quarter. LSV Asset Management increased its stake in The AES Corp. by 12.3% in the second quarter. LSV Asset Management now owns 5,118,362 shares of the company’s stock valued at $63,877,000 after buying an additional 561,456 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in The AES Corp. by 13.4% in the second quarter. TIAA CREF Investment Management LLC now owns 2,454,822 shares of the company’s stock valued at $30,636,000 after buying an additional 290,522 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in The AES Corp. during the second quarter valued at approximately $27,018,000. 93.83% of the stock is owned by hedge funds and other institutional investors.
Shares of The AES Corp. (NYSE:AES) traded down 3.62% during midday trading on Wednesday, reaching $11.45. The company’s stock had a trading volume of 5,507,069 shares. The AES Corp. has a one year low of $8.22 and a one year high of $13.32. The stock’s market cap is $7.55 billion. The firm has a 50-day moving average of $11.73 and a 200-day moving average of $11.98.
The AES Corp. (NYSE:AES) last released its quarterly earnings data on Friday, November 4th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. The firm had revenue of $209.90 billion for the quarter, compared to the consensus estimate of $3.15 billion. The AES Corp. had a negative net margin of 1.95% and a positive return on equity of 14.01%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. On average, analysts forecast that The AES Corp. will post $0.99 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were issued a dividend of $0.11 per share. The ex-dividend date was Friday, October 28th. This represents a $0.44 annualized dividend and a dividend yield of 3.84%. The AES Corp.’s dividend payout ratio is -107.31%.
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Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded The AES Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, November 8th. Barclays PLC downgraded The AES Corp. from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $14.00 to $12.00 in a report on Tuesday, October 4th. TheStreet downgraded The AES Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Finally, Bank of America Corp. downgraded The AES Corp. from a “neutral” rating to an “underperform” rating in a report on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $12.00.
About The AES Corp.
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Company is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia.
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